ETH Could Drop to $1,100 — XRP Holding at $2.05 as Bulls Defend Key Level
The post ETH Could Drop to $1,100 — XRP Holding at $2.05 as Bulls Defend Key Level appeared on BitcoinEthereumNews.com.
XRP currently trades at the price level of $2.05. Several market participants follow $2.05 because this level holds significant importance in their trading analysis. XRP could retrieve its value to $2.17-$2.25 during the upcoming weeks if it maintains its current price position above $2.05. XRP holders can benefit from declining selling pressure because RSI and MACD indicators used by traders show weak selling trends. XRP (Ripple) Price Action – April 16, 2025 Opening price: $2.1503 Current price: $2.04, reflecting a steady decline throughout the day. Intraday movement: XRP has shed over 5.1% in value, consistently trending downward from the $2.15 resistance zone. Pattern: The chart shows a classic staircase decline, with lower highs and lower lows throughout the day. Ethereum (ETH) Price Action – April 16, 2025 Opening price: $1,644.8 Current price: $1,568.7, showing a sharp intraday decline. Day’s trend: Strong bearish pressure, with ETH steadily dropping from the $1,640 zone to sub-$1,570 by mid-day. Price drop: Over $75 was shaved off in 24 hours—a decline of approximately 4.6%. Ethereum, on the other hand, is having a rough time. As of today, ETH is priced around $1,500, and it’s not looking great. According to Cointelegraph, Ethereum’s market share has dropped to 7.18%, which is one of the lowest levels in years. Many traders are worried because it’s forming something called a “bear flag” – that’s a chart pattern that usually means a coin might drop lower. Amidst this backdrop, MAGACOIN FINANCE is gaining attention. With over 12,500 holders and a current price of $0.0002908, it offers a 25x ROI potential up to $0.007. Analysts project realistic returns between 20x and 30x by Summer 2025, making it a promising altcoin for investors seeking high growth opportunities. XRP Up, ETH Down? The Two Top Cryptos Are Now Moving in Opposite Directions As…
Filed under: News - @ April 17, 2025 1:24 pm