Bitcoin, Ethereum, and XRP are approaching critical price zones that could determine the direction of their next major moves, according to crypto market analyst Ali Charts. The analyst identi
Bitcoin, Ethereum, and XRP are approaching critical price zones that could determine the direction of their next major moves, according to crypto market analyst Ali Charts. The analyst identified $81,000 for Bitcoin, $2,350 for Ethereum, and $1.25 for XRP as pivotal daily chart levels traders should monitor.
Ali Charts, a widely followed technical analyst known for sharing market insights on X, outlined these support regions in a recent thread. Each of these assets has arrived at a major technical decision point, increasing the likelihood of notable price reactions in the coming days.
The analyst suggested that holding these zones could result in a rebound across all three cryptocurrencies. However, failure to maintain support may shift focus to lower targets, potentially triggering stronger sell pressure.
For Bitcoin, Ali Charts pinpointed $81,000 as the key battleground. This price marks the lower boundary of Bitcoin’s daily rising channel—a trend structure characterized by a consecutive series of higher highs and higher lows.
If buyers can defend $81,000, Bitcoin may rally toward the mid-range of the channel at $84,000. Should momentum build, the price could further advance to the channel’s upper boundary near $86,500.
Support Level Upside Target Downside Target Bitcoin ($81,000) $84,000 / $86,500 $76,000 Ethereum ($2,350) $2,700 / $3,000 $2,000 XRP ($1.25) $1.56 / $2.00 $1.00A close below $81,000 would disrupt this positive structure, making $76,000 the next main level to monitor. This shift underscores the importance of buyers’ ability to defend this channel boundary in sustaining Bitcoin’s bullish momentum.
For Bitcoin, holding the $81,000 support zone could pave the way for a rebound first to $84,000, and then toward $86,500. But a breakdown would redirect attention to $76,000 as the next significant price area.
Ethereum is testing support at $2,350, a level defined by the bottom of a right-angled ascending broadening pattern on the daily chart. In technical analysis, such a pattern generally indicates increasing volatility as price swings widen while the baseline steadily rises.
A successful hold above $2,350 may push ETH toward $2,700, and potentially to $3,000 if buyers maintain momentum. Conversely, a sustained close below $2,350 would invalidate the pattern’s support and refocus attention on $2,000, marking a significant downside risk for the world’s second-largest cryptocurrency.
Mini dictionary: Right-angled ascending broadening pattern, a chart formation featuring diverging resistance and support lines running upward, often signaling growing volatility and potential for breakout moves depending on which boundary is breached.
XRP is approaching an important technical milestone with its price hovering near $1.25. Holding this level could help finalize the right shoulder of a developing inverse head-and-shoulders pattern visible on the three-day chart—a formation that often foreshadows bullish reversals if the neckline, in this case around $1.56, is broken and sustained.
Should XRP decisively close above $1.56, it may open the door for a move toward $2. However, a drop below $1.25 would increase the likelihood of a pullback, with $1.00 becoming the primary downside level to watch, representing an approximate 20% decrease from current support. All three cryptocurrencies’ short-term outlooks appear closely tied to their ability to maintain these critical support zones.
Holds above $1.25 in XRP may trigger the completion of a bullish reversal pattern on higher timeframes, but if this level fails, downside risk increases significantly.
The post Bitcoin, Ethereum, and XRP face make-or-break support levels, analyst warns appeared first on COINTURK NEWS.
