Crypto Majors Edge Toward Technical Inflection Points as Buyers Reemerge

Key Moments

Risk Appetite Firms Despite Mixed ETF Flows

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) began the week with modest gains on Monday, extending a minor recovery and setting a constructive tone for the major cryptocurrency complex. The advance comes even as U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) show signs of cooling demand on the institutional side.

U.S. spot Bitcoin ETFs registered weekly outflows of $87.77 million, while Ethereum products saw $65.59 million in outflows. In contrast, XRP ETFs attracted $230.74 million over the same period, marking a fourth consecutive week of positive flows.

Despite the divergence in ETF activity, retail interest in Bitcoin, Ethereum, and Ripple has remained resilient. Futures positioning underscores a risk-on stance, with CoinGlass data indicating that open interest in BTC, ETH, and XRP futures increased by over 2%, 3%, and 1% over the last 24 hours, respectively.

Bitcoin Targets Break Above Symmetrical Triangle

Bitcoin was trading above $91,000 as of Monday, extending its recovery for a second straight session. The rebound is bringing price closer to the upper boundary of a symmetrical triangle pattern on the daily chart, drawn from the highs of November 15 and December 3, with resistance situated near $93,500.

A strong daily close above this trendline resistance would signal a confirmed breakout from the triangle and could open the way for an advance toward the 50-day Exponential Moving Average (EMA) at $97,205.

Momentum gauges on the daily timeframe are gradually shifting in favor of buyers as selling pressure fades. The Relative Strength Index (RSI) stands at 46 and is trending higher toward the 50 mark. A sustained move above the midpoint would provide further room for upside before any overbought conditions emerge.

At the same time, the Moving Average Convergence Divergence (MACD) line and its signal line are grinding higher toward the zero line, reinforcing the view of a slow but steady bullish transition.

However, if the $93,500 zone acts as resistance and triggers a rejection, BTC could rotate lower toward the triangle’s support trendline, which is currently near $84,000.

Ethereum Approaches Two-Month Resistance Barrier

Ethereum traded nearly 2% higher on Monday, but continued to struggle with a downward-sloping resistance trendline on the daily chart that links the highs from October 7 and October 27. The key level in the near term is Thursday’s high at $3,240.

A decisive close above $3,240 would represent a meaningful break above this resistance structure and could pave the way for a move toward the 200-day EMA, currently located at $3,459.

ETH’s underlying tone is improving in tandem with Bitcoin. The RSI has risen to 49, closing in on the neutral 50 level, while the MACD is grinding higher toward the zero line, reflecting a gradual recovery in bullish momentum.

On the downside, a failure to hold above $3,000 could shift the narrative back in favor of sellers. In that scenario, Ethereum may revisit the November 21 low at $2,623 as the next notable support area.

Ripple Holds $2 as Falling Channel Recovery Develops

Ripple traded nearly 2% higher on Monday, with buyers defending the $2.00 psychological level. This intraday rebound is unfolding within a broader falling channel pattern on the daily chart and suggests the potential start of a short-term upcycle inside that structure.

On the upside, XRP faces an initial target at the upper boundary of the channel, defined by the trendline connecting the highs from October 6 and November 10, near $2.18. A breakout above this resistance could then expose the 200-day EMA as a subsequent objective at $2.47.

The latest bounce is also influencing key momentum indicators. The MACD’s blue line has turned higher off the red signal line, postponing a pending sell signal, while the RSI has reversed to the upside from 44 and is edging toward the midpoint at 50.

On the downside, the principal support for XRP remains at $1.90, which coincides with the June 22 low and continues to act as a key reference level for dip buyers.