Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are displaying healthy signs of stabilization at the start of the week following the volatility seen on May 23rd.
The reason for the volatility caused by Donald Trump’s Truth Social post that highlighted his decision to impose 50% tariffs on the European Union. This sent a chill across the sector.
But, to this negative news, market adapted, instead of falling like in Q1, shows the strength in Q2.
In the final week of Q2’s second month, the BTC price is consolidating after hitting a new all-time high, while ETH and XRP are holding near key support levels, suggesting bullish forces may still have a chance to reclaim control.
When writing, Bitcoin is exchanging hands at $109868 on May 26th, recovered 2.6% from May 23rd’s low of $107278, Ethereum is at $2569, recovered 3.6% from $2525, and XRP is at $2.34, recovered 3.2% from $2.29.
While the gains are still minimal, it is still reflects optimism. As the market is not collapsing like in Q1, despite the Trump’s threat.
Bitcoin Price (BTC)
Bitcoin price reached a new all-time high and declined the next day. However, it found support and recovered slightly the next day. If it continues to recover, and continues to recover and closes above its ATH, it could extend the rally toward a key psychological level of $120,000.
However, if BTC faces a pullback and closes below the current swing low around $107K, it could fall to retest its next key support at $100,000.
Ethereum Price (ETH)
Ethereum price faced rejection from a strong supply level that aligns with early Q1’s high volume profile level. But, ETH price retested and found dynamic support around its 200-day EMA band at around $2,447.82.
If the 200-day EMA at $2,447 holds the fall, ETH price could extend the recovery to retest its daily resistance at $2,728.
On the other hand, if ETH crypto breaks and closes below the 200-day EMA at $2,447.82, it could extend the decline to reach its next support at $2,000.23.
XRP Price (XRP)
When the XRP price shattered, it took support at the dynamic 50-day EMA band, and now it is trading between the 20-day and 50-day EMA bands. The XRP price is in strong consolidation, If the 50-day EMA continues to hold, the XRP price could extend the recovery to retest its daily resistance at $2.6607.
However, if XRP crypto price breaks and closes below its 50-day support or the current swing, it could fall to $2.06 in May’s final week.
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FAQs
The crypto market shows stabilization and recovery on May 26th, with BTC, ETH, and XRP regaining ground after recent volatility.
While the market shows resilience, investing in crypto involves risk. Consult a financial advisor and conduct thorough research for informed decisions.
While Trump’s tariff threat caused initial volatility, the crypto market’s quick stabilization in Q2 reflects underlying strength. Sources
