📉 $BTC , $ETH , $XRP Price Outlook as S&P 500 Signals Sell

David Tevzadze - Feb 24 - - Dev Community

📊 The S&P 500 plunged 104 points on Friday, forming a bearish rising wedge and triple-top pattern. Historically, a stock market dip impacts crypto negatively—suggesting possible declines for BTC, ETH, and XRP.

â‚ż Bitcoin faces mixed signals: a bearish double-top at $108,386 versus bullish signs from a falling wedge and cup-and-handle pattern. A break below $89,215 would confirm bearish momentum, while reclaiming $108k could trigger a rally.

♦️ Ethereum is under pressure, forming a death cross and bearish pennant. ETH could target lows near $2,154 if stocks keep falling. A recovery above the 200-day WMA would reverse this bearish view.

✖️ XRP shows a concerning head-and-shoulders pattern, signaling a possible breakdown towards $1.79 if it fails to hold current levels. XRP needs to reclaim the 50-day WMA to avoid further losses.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Image description

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .