XRP price extended losses and traded below $1.30. The price is now 
consolidating losses and faces hurdles near $1.3240 and $1.3340. XRP price 
started another decline and traded below the $1.3050 zone. The price is now 
trading below $1.3120 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.3340 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.3340. XRP Price Dips Further XRP price failed to 
stay above $1.320 and extended its decline, underperforming Bitcoin and 
Ethereum. The price declined below $1.3150 and $1.3050 to enter a short-term 
bearish zone. The price even extended losses below $1.30. A low was formed at 
$1.2801, and the price is now consolidating losses. There was a minor upward 
move above the 23.6% Fib retracement level of the downward move from the 
$1.3678 swing high to the $1.2801 low. The price is now trading below $1.3120 
and the 100-hourly Simple Moving Average. If there is a fresh recovery move, 
the price might face resistance near the $1.320 level. The first major 
resistance is near the $1.3240 level or the 50% Fib retracement level of the 
downward move from the $1.3678 swing high to the $1.2801 low. The main 
resistance could be $1.3340. There is also a bearish trend line forming with 
resistance at $1.3340 on the hourly chart of the XRP/USD pair. A close above 
$1.3340 could send the price to $1.350. The next hurdle sits at $1.3650. A 
clear move above the $1.3650 resistance might send the price toward the $1.380 
resistance. Any more gains might send the price toward the $1.40 resistance. 
The next major hurdle for the bulls might be near $1.4120. More Losses? If XRP 
fails to clear the $1.3340 resistance zone, it could start a fresh decline. 
Initial support on the downside is near the $1.30 level. The next major 
support is near the $1.2880 level. If there is a downside break and a close 
below the $1.2880 level, the price might continue to decline toward $1.280. 
The next major support sits near the $1.2750 zone, below which the price could 
continue lower toward $1.250. Technical Indicators Hourly MACD – The MACD for 
XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – 
$1.3000 and $1.2880. Major Resistance Levels – $1.3240 and $1.3340.

XRP Price Drifts Lower, Downside Pressure Starts to Accelerate

The prolonged conflict and low ceasefire odds suggest escalating regional 
instability and potential for broader geopolitical tensions.
The post Ceasefire odds drop to 1.8% as Iran continues missile attacks on 
Israel appeared first on Crypto Briefing.

Ceasefire odds drop to 1.8% as Iran continues missile attacks on Israel

The escalating US-Iran tensions and military actions suggest prolonged 
instability, impacting global markets and diplomatic relations.
The post Ceasefire odds plummet amid ongoing US-Iran tensions and military 
escalation: FT appeared first on Crypto Briefing.

Ceasefire odds plummet amid ongoing US-Iran tensions and military escalation: FT

Ethereum is tightening into a critical zone near the $2,000 level as price 
action continues to compress without clear direction. With volatility steadily 
declining and pressure building on both sides, the current structure suggests 
that a decisive move, either a breakout or breakdown, could be just around the 
corner. Momentum Fails To Build On Ethereum Ethereum is currently in a very 
different position compared to the broader market, as it has never experienced 
a strong, sustained rally. CyrilXBT noted that ETH briefly spiked to $2,400 in 
mid-March but has been trending downward ever since. The move failed to 
establish continuation, and the price has gradually weakened. Related Reading: 
Ethereum Price Drops to $2,100, Shaking Confidence Amid Volatility Currently, 
Ethereum is hovering around the 200 EMA, near $2,104, which provides a 
slightly constructive signal. Rather than breaking down aggressively, the 
price is compressing, suggesting that the market is building energy for a 
potential move. $1,800 remains the key level to watch, acting as critical 
macro support that has yet to be tested. The $2,300–$2,500 region continues to 
act as a major resistance zone, and any upside move lacking strong volume is 
likely to be dismissed as noise. A decisive daily close above $2,200 would be 
the first meaningful sign of strength. Until then, the outlook remains 
neutral, with close attention on the $2,000 level as the next important test 
if buyers lose control. Ethereum Trades Within High-Timeframe Range Boundaries 
According to Minga’s latest update, Ethereum is currently trading within a 
high-timeframe range, with the upper boundary defined by the 2021 all-time 
high and the lower boundary anchored at the 2022 bear market low. Thus, Minga 
suggests that the most effective approach is to trade level to level, 
respecting key zones rather than anticipating extended trends. Related 
Reading: Ethereum Price Recovery Picks Up, Is a Breakout Now Brewing? A closer 
look at the chart shows that ETH swept the 2021 ATH, faced rejection, and has 
been trending downward since. Along the way, ETH took out an untapped monthly 
low around $1,750, triggering a push back toward the $2,300 region, but 
momentum faded as price slipped back below $2,151. Currently, Ethereum is near 
the midpoint of this broader range, rejecting a significant historical level. 
The $2,151 zone stands out as a key bullish/bearish continuation level, having 
acted as both support and resistance in the past. Rejection from this area 
keeps downside pressure intact. However, a successful reclaim could open the 
path toward $2,395, where an untapped fair value gap remains. On the downside, 
the next major level to watch lies around $1,537, where weekly equal lows are 
positioned. While ETH may hit the level, it is not expected to mark the 
ultimate bottom. For a broader macro reversal, a sweep of the $1,384 low is 
anticipated, with a potential extension into the $1,190–$1,148 region, which 
stands as the primary target for a cycle bottom. Featured image from Getty 
Images, chart from Tradingview.com

Ethereum Compression Deepens Near $2,000 — Volatility About To Explode?

Potential US ground operations in Iran could escalate conflict dynamics, 
impacting geopolitical stability and market speculation significantly.
The post Trump weighs sending US special forces to Iran as April 30 odds rise 
to 66% appeared first on Crypto Briefing.

Cryptocurrency price in INR