Lorenzo Stroe
Independent Analyst
- BTC/USD is down 3.5% in the last two hours after a violent move below $9,000.
- ETH/USD is trying to stay above $220 after a similar drop.
- XRP needs to defend $0.169 to avoid the risk of falling towards $0.10
Most cryptocurrencies are experiencing a significant sell-off after Bitcoin fell below $9,000. BNB/USD has suffered the most with a 4% drop towards $15 and needs to hold $14.8 support.
XRP/USD has only fallen by 2% but it's not surprising considering the digital asset has been weaker than the rest for the past few months.
BTC/USD 1-hour chart
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Not everything is lost for Bitcoin if bulls can hold $8,900 and bounce back up above $9,000. For now the 12-EMA remains at around $9,160.
ETH/USD 1-hour chart
-637293053140837575.png)
XRP/USD 1-hour chart
-637293053777910131.png)
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