Top Cryptocurrencies Weaken Near Key Supports

The prices of top three cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), have been experiencing a decline in recent trading sessions. The momentum indicators for these cryptocurrencies suggest fading bullish strength, increasing the risk of a deeper correction.

Bitcoin's price is currently trading below $66,700, nearing its key support level at $65,900. If this support level is broken, it could indicate a more significant decline in price. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are also suggesting bearish momentum.

Ethereum's price is facing rejection at its 50-day EMA, indicating a potential short-term pullback. The cluster of EMAs above $2,150 highlights the dominant higher-timeframe downtrend weighing on rebounds. Immediate resistance stands at the 23.6% retracement at $2,138.

XRP's price is approaching its key support level at $1.30, a close below which could expose further correction. The RSI and MACD indicators are also suggesting negative momentum.