I am not going to make the mistake of becoming bullish on XRP here Obvious bear trap

- A technical look at alternative coins: Ethereum and XRP are exposed to further correction: Ethereum is trading at $2,322, maintaining relative stability as it stays above the 50-day exponential moving average at $2,182, but it remains below the 100-day exponential moving average at $2,356 and the 200-day exponential moving average at $2,660. This situation suggests that while the overall trend is still under pressure from the upper averages, the short-term structure is supported by the recovered 50-day exponential moving average. Momentum readings point to positive results, with the Relative Strength Index hovering around 60 on the daily chart, and the MACD indicator staying above zero with a positive histogram, indicating that buyers are still holding the initiative but still need to break through the key resistance levels to maintain the early-week momentum for more upside. Daily chart of the ETH/USDT pair On the bullish side, immediate resistance is first at the 100-day exponential moving average at $2,356, followed directly by the 38.2% Fibonacci retracement ratio, drawn from the high on January 14 to the low on February 6, at $2,374, forming a nearby supply zone that buyers must surpass to continue the rise. After that, additional obstacles appear at the 50% Fibonacci retracement ratio at $2,570 and the 200-day exponential moving average at $2,660. On the bearish side, initial support is noted at the 50-day exponential moving average near $2,182, with additional support from the 23.6% Fibonacci retracement ratio at $2,131. A continued breakdown below this area would weaken the short-term positive trend and expose a more decisive correction. Meanwhile, XRP’s price is currently trading at about $1.35, maintaining price stability as it remains below the 50-, 100-, and 200-day exponential moving averages at $1.40, $1.55, and $1.81, respectively. The MACD indicator shows a slight rise on the daily chart, and the indicator stays above zero, suggesting moderate upward momentum. However, the Relative Strength Index (RSI) around 49 confirms a lack of clarity in the trend, as price movement remains limited under this accumulated supply. Daily chart of the XRP/USDT pair On the bullish side, the initial resistance for XRP is at the 50-day exponential moving average near $1.40, with additional barriers at the 100-day exponential moving average around $1.55, and the reference descending trendline near $1.72, before the farther 200-day exponential moving average at $1.81. On the bearish side, a break of the ascending trendline level around $1.29 forms the first notable support level, and a daily close below this level would likely expose XRP to deeper pullbacks despite the current positive market momentum, albeit a fragile one. $ETH ‌ $XRP ‌

- Trump hints at resuming peace talks between the United States and Iran: U.S. President Donald Trump said on Tuesday that peace negotiations with Iran could resume this week despite the blockade imposed on the Strait of Hormuz and the failure of talks in Pakistan over the weekend. U.S. Vice President J. D. Vance stated on Sunday that Iran has not yet made an explicit commitment not to pursue nuclear weapons, leading to the collapse of peace talks. Iranian officials who attended the talks said that the United States had not earned the regime’s trust. The U.S. Navy continues its blockade of the Strait of Hormuz, forcing ships coming from Iranian ports to suspend their voyages. Global oil and gas supplies are still facing increasing pressure amid concerns about rising inflation and slowing economic growth. Despite the continued state of extreme fear in the cryptocurrency market, with its index reaching 23 on Wednesday, it has improved compared with 21 on the previous day. The overall rise in investors’ risk appetite pushed Bitcoin’s price to near record levels of around $76,000, but the “King of Cryptocurrencies” lacks sufficient momentum to continue recovering toward the $80,000 threshold. Crypto Fear and Greed Index | Source: Alternative - Crypto Today: Bitcoin struggles to hold onto its gains amid selling pressure Bitcoin is currently trading at about $73,847, maintaining a slight upward trend in the short term, as it holds above the 50-day exponential moving average (EMA) at around $71,117, while the broken-down trendline provides support near $72,888. By contrast, the price remains below a medium-term resistance level, with the 38.2% Fibonacci retracement correction from the high on January 14 to the low on February 6 at about $74,684, while the 100-day exponential moving average at $75,263 serves as the current upper limit. However, the positive moving average convergence divergence (MACD) on the daily chart and the relative strength index (RSI), slightly below 60, indicate that bullish momentum is still building without having reached overbought conditions. Daily chart of the BTC/USDT pair On the downside, Bitcoin’s immediate support level is in the recent breakout zone around $72,888, surpassing the 50-day exponential moving average at $71,117, while a deeper pullback could target the 23.6% Fibonacci retracement correction near $69,231 as a stronger demand zone. On the upside, a clear daily close above the Fibonacci barrier at $74,684 would reveal the 100-day exponential moving average at $75,263, with an additional bullish extension targeting the 50% Fibonacci retracement level near $79,091. $BTC ‌ $ETH ‌ $XRP ‌