The price development of several assets paints a mixed picture: it brings uncertainty for assets like XRP, Ethereum and Bitcoin. The most common picture at the moment is the rapid build-up of selling pressure on several assets after the start of the trading week.
Is XRP’s momentum coming to an end?
After forming what appears to be a head and shoulders pattern, a traditional bearish pattern that frequently indicates the exhaustion of bullish momentum, XRP could be heading for a near-term correction.
The chart structure shows a head at around $3.70, a distinct left shoulder near $3.20, and what now appears to be a growing right shoulder at around $3. A possible breakdown is usually preceded by such training, particularly if the asset is unable to maintain crucial support levels.
XRPUSDT Chart by TradingView”>
The market may reject further bullish continuation as the $3 threshold has now served as resistance three times. If the trend continues, a close below this level could lead to a further decline towards the $2.80 or even $2.60 support zones, where the 100 and 200 day moving averages converge.
Current momentum indicators also support this prediction. After a brief spike, trading volume appears to calm down and the RSI is neutral but flattening, suggesting weakening buying strength. This suggests that the bulls are losing ground and the market may be preparing for a retracement period.
The likelihood of a local top forming is still high unless XRP achieves a clear breakout above $3.10 to $3.20, with strong volume confirmation. A decline below $2.80 would likely increase selling pressure if the head-and-shoulders pattern materializes, pushing the asset toward its long-term moving average support near $2.60, which has historically been a rebound point.
In short, XRP’s technical setup suggests that the recent rally may be coming to an end. The bearish case is strengthened by the third consecutive rejection at $3.
Ethereum phase change
As it consolidates just below the $4,500 level, which has served as both resistance and a psychological barrier in recent months, Ethereum appears to be entering a decisive phase.
After a resumption of the $4,000-$4,100 support range, the asset has been rising steadily and its most recent move indicates a clear intention to breach the crucial resistance level. ETH is currently trading near $4,550, putting it facing the upper boundary of a symmetrical triangle that has been developing over the previous weeks. Because it indicates a period of accumulation and balance between buyers and sellers before the next significant move, this consolidation is a positive indication for the market.
The bullish outlook is reinforced by bullish technical indicators, such as the 50-day and 100-day moving averages. Ethereum could confirm a breakout that could push the asset towards $5,000, which is in line with its previous all-time high zone, if it closes above the $4,500-$4,600 range with convincing volume. Based on the current market structure and recovery indicators, Ethereum appears to be gradually regaining strength and preparing for future gains.
Conversely, if momentum fails to sustain above $4,500, Bitcoin’s current rally could cool down and a retest of near-term support could occur at $4,300 or even $4,000. However, higher lows have been forming steadily since late September and the overall sentiment remains positive. Ethereum’s consolidation now appears more like a springboard than a sign of exhaustion.
A strong breakout could ultimately push ETH towards the $5,000 mark, which many traders see as the logical next step in the ongoing recovery phase, provided market conditions remain stable and volume continues to increase.
The rise of Bitcoin
After its recent rise, Bitcoin appears to be declining, causing some investors to worry that the long-awaited push toward $150,000 may not happen as quickly as they hoped.
Momentum behind Bitcoin appears to be fading after a spectacular surge that propelled the world’s largest cryptocurrency above the $120,000 mark. Shorter deadlines show the first signs of exhaustion. An area that generally precedes local pullbacks or at least periods of lateral consolidation, the daily RSI (Relative Strength Index) is currently above 70, indicating an overbought situation. Additionally, trading volume has started to decrease compared to the days of the previous rise, which may indicate that buying pressure is easing.
Although its near-term strength appears extensive, Bitcoin’s technical structure remains bullish overall, supported by the 50-day and 100-day moving averages. Before attempting further upside, Bitcoin could test support levels near $120,000 or $115,000 due to lack of new inflows and fading momentum. From a fundamental perspective, the long-term outlook remains supported by enthusiasm for institutional accumulation and ETF inflows.
Once initial gains are made and momentum slows, sentiment-driven rallies often struggle to maintain their course. Now, traders are watching to see if Bitcoin can remain stable at its current levels without triggering a broader correction that could erode bullish sentiment.
Although it is becoming increasingly clear that new catalysts such as a resurgence in institutional demand or macroeconomic shifts favoring riskier assets will be necessary for this move, the path to $150,000 could still be open if Bitcoin manages to consolidate above $120,000. Investors may need to lower their expectations for an instant breakout to new highs if momentum does not resume soon.
