Bitcoin, Ethereum Keep Up Momentum as XRP Trades Heavy

Key Moments

Bitcoin: Uptrend Intact Above Key Fibonacci Pivot

Bitcoin (BTC) is trading above $74,500 on Wednesday, after reaching a two-month peak of $76,038 the previous day. The price has moved through the upper boundary of an ascending triangle pattern drawn from early February and is holding above the 50-day Exponential Moving Average (EMA) at $71,144 at the start of this week.

BTC has reclaimed the 38.2% Fibonacci retracement level near $74,487, which is acting as an immediate pivot area. Overhead, resistance is concentrated around the 100-day EMA at $75,268, a horizontal barrier at $75,680, and the top of the channel close to $75,764, forming a tightly packed supply zone.

The daily Relative Strength Index (RSI) is in the low 60s, and the Moving Average Convergence Divergence (MACD) indicator is positive with an expanding histogram. Together, these readings point to solid bullish momentum as long as spot prices remain above the recently reclaimed Fibonacci pivot.

On the downside, initial support is located at the 50-day EMA at $71,145. A deeper retreat would bring the 23.6% Fibonacci retracement at $68,950 into view, followed by rising trendline support from the triangle pattern near $67,412, and then a more distant horizontal floor around $62,950.

If BTC can achieve a sustained break above the 100-day EMA at $75,268 and clear the $75,680–$75,764 resistance band, it would expose the 50% Fibonacci retracement at $78,962 and potentially the psychological $80,000 level.

Ethereum: Testing Overhead Barriers After Breaking Out of Range

Ethereum (ETH) is trading above $2,300 on Wednesday, maintaining a constructive short-term profile as it holds above the 50-day EMA at $2,182 and remains outside the top of a former horizontal channel near $2,148.

On the topside, ETH is constrained by the 100-day EMA at $2,355. Additional resistance is derived from the 38.2% Fibonacci retracement of the $1,747–$3,402 move at $2,380, while the 200-day EMA, located higher at $2,660, marks a more significant trend barrier.

Momentum indicators are favorable. The daily RSI is around 61, and the MACD is positive, signaling that buyers still have the upper hand despite the nearby resistance cluster.

For downside risk, initial support is concentrated in the current area, with the 50-day EMA at $2,182 and the prior channel ceiling at $2,148 forming an important demand zone. Below that, the 23.6% Fibonacci retracement at $2,138 represents deeper support. A daily close back inside the horizontal channel would put the structural base near $1,747 back in focus.

On the upside, a decisive move above the 100-day EMA at $2,355 would open the path toward the $2,380 Fibonacci barrier. Continued strength above that region could allow for a broader recovery in the direction of the 200-day EMA around $2,660.

XRP: Price Action Stays Subdued Within Downward Channel

XRP is trading at $1.35 on Wednesday, confined within a broader downward parallel channel and below a series of important EMAs, which sustains a bearish short-term outlook. The token is currently beneath the 50-day EMA at $1.40, the 100-day EMA at $1.55, and the 200-day EMA at $1.80, signaling that rallies continue to meet resistance from prevailing downtrend structures.

The RSI on the daily chart is around 49, a neutral reading, while the MACD is marginally positive but shallow. These conditions suggest only limited upside momentum within an overall pressured technical backdrop.

On the upside, initial resistance appears at the 50-day EMA near $1.40. Above that, further hurdles are seen at the 100-day EMA around $1.55 and at the upper boundary of the descending channel near $1.70. Beyond this, the 200-day EMA at $1.80 and horizontal resistance close to $1.90 form a broader supply area that would need to be cleared to materially improve the medium-term technical picture.

On the downside, immediate support is located at a horizontal level around $1.30. If selling pressure intensifies, the lower band of the parallel channel near $0.88 is the next key level where stronger buying interest would typically be expected.