Foreign media market commentary states that the divergence in the crypto market continues. XRP has fallen back to around $1.06, once again approaching the psychological level of $1; ETH, on the other hand, maintains its rebound structure below $1900, continuing its attempt to break through $2000; NEAR's recovery trend over the past two months has been interrupted after breaking below several key moving averages.
XRP tests $1 support again
The article argues that after XRP broke below its consolidation range, short-term selling pressure increased, and the trend weakened again. The current price is approaching $1, a level that serves as both technical support and a key psychological level attracting significant market attention.
Based on the observations presented in the text, the 20-day, 50-day, 100-day, and 200-day moving averages are all currently above the current price, indicating that the rebound strength remains limited. In particular, the 20-day moving average continues to exert downward pressure on the price, and buying pressure has not yet regained control.
If the price falls below $1, the article mentions that the nearest support level is around $0.95. To alleviate the current pressure, XRP first needs to regain its position above the 20-day moving average around $1.10, while stronger resistance lies at the 100-day moving average around $1.22.
ETH consolidates below $1900
In contrast, ETH has shown relative stability. The article states that since rebounding from its June lows, ETH has formed a series of higher lows, indicating that buying pressure is maintaining the current recovery pace. Although the price has briefly risen, it has recently encountered resistance around $1930.
This position corresponds to the 100-day moving average, which is also the most direct short-term resistance level. The article argues that although ETH failed to break through effectively, the pullback was not significant, and it remains firmly above the upward-trending 20-day moving average, indicating that the market has not weakened significantly.
If the price subsequently holds above the 100-day moving average, market attention may shift to the $2000 level. Looking further up, the 200-day moving average around $2175 remains a more significant medium-term resistance level. On the downside, support is seen around $1845; a break below this level could lead to a retest of the 50-day moving average around $1757.
NEAR falls below multiple moving averages
NEAR's performance, however, was noticeably weaker. The article states that the token's latest decline has broken below the 20-day, 100-day, and 200-day moving averages, with the price falling back to approximately $1.63, signifying the breakdown of the consolidation platform that had lasted for several weeks.
The article mentions that these moving averages were previously concentrated in the $1.81 to $1.88 range, providing strong support at one point. The price's recent break below this area indicates that short-term momentum has shifted from buyers to sellers.
The article also points out that NEAR experienced a rapid surge in late May and early June, briefly breaking through $3, but the rebound gradually weakened afterward, with subsequent highs consistently declining. If it cannot quickly recover the area above $1.82, the short-term rebound may still face selling pressure. According to the article's assessment, the key support zone to watch is between $1.50 and $1.55.
