See every side of every news story
Published loading...Updated

BTC, XRP News: Ripple Token Slides 4% as Bitcoin Traders Cautious of $105K Price Resistance

  • Bitcoin trades cautiously near the $105,000 resistance level on May 16, 2025, amid broader crypto market volatility and XRP’s 4% decline.
  • This cautious price action follows two recent failed attempts to break past $105,000, with low liquidity increasing volatility and uncertainty among investors.
  • Analysts note a consolidation within a narrowing $101,500-$104,000 range, while a golden cross formed by the 50-day and 100-day SMAs suggests potential long-term bullish momentum.
  • Polls show about 69% of participants expect Bitcoin to surpass $120,000, though many investors remain cautious, with some anticipating a possible support test near $98,000-$100,000.
  • Overall, the market awaits a significant catalyst to break the resistance, implying Bitcoin may test key supports before a sustained rally resumes amid mixed investor sentiment.
Insights by Ground AI
Does this summary seem wrong?

11 Articles

All
Left
Center
1
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Coin Desk broke the news in Manila, Philippines on Friday, May 16, 2025.
Sources are mostly out of (0)