XRP has dropped below $2.0184, hitting a critical support level that could lead to further declines if breached. Bitcoin is also nearing important support points, including a bullish trendline, the 100-week simple moving average (SMA), and the 38.2% Fibonacci retracement level.
Simultaneously, the Nasdaq's monthly chart has formed a 'hanging man' candlestick pattern, indicating potential weakness and raising concerns about a possible reversal in its upward trend. This development could impact broader market sentiment, affecting both traditional and cryptocurrency markets.
XRP and Bitcoin Approach Key Support Levels Amid Nasdaq Weakness
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