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Ethereum (ETH) and XRP Approach Horizontal Resistance, Testing Bullish Momentum

Crypto analytics tool 100eyes Crypto Scanner reports that Ethereum (ETH) and XRP, the second and sixth largest cryptocurrencies by market cap, are approaching horizontal resistance. This refers to a price level that an asset struggles to surpass due to an influx of sell orders. Ethereum has a market cap of $229 billion and a 4% weekly gain, while XRP has a market cap of $27 billion and has outperformed Bitcoin and ETH with a 12.8% increase over the past seven days. However, hitting these resistance levels could result in a price reversal or consolidation.

XRP XRP $0.52
+0.19%
XRP
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