Key Moments
- Bitcoin (BTC) trades above $79,000 while remaining supported by the 50-day and 100-day EMAs and a reclaimed 50.0% Fibonacci retracement.
- Ethereum (ETH) closes above its 100-day EMA at $2,353 and the 38.2% Fibonacci retracement at $2,367, maintaining a constructive short-term tone.
- XRP stays above the 50-day EMA at $1.41, with improving momentum but still constrained by its 100-day and 200-day EMAs at $1.52 and $1.76.
Major Cryptocurrencies Start the Week on Solid Footing
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) begin the week with a positive backdrop after advancing more than 6%, 4% and 2% respectively over the prior week. BTC holds firm above $79,000, ETH has closed above its 100-day Exponential Moving Average (EMA) at $2,353, and XRP continues to trade above the key $1.41 area that previously acted as resistance. Overall, the near-term technical setup for these three cryptocurrencies remains constructive, with momentum indicators pointing to the potential for further gains.
Bitcoin Holds Bullish Structure Above $79,000
Bitcoin is trading above $79,000 on Monday, preserving a bullish short-term stance as it stays above both the 50-day and 100-day EMAs, located at $73,421 and $75,667. Price has also moved back above the 50.0% Fibonacci retracement at $78,962, reinforcing that support zone.
Daily momentum remains favorable: the Relative Strength Index (RSI) sits in bullish territory around 66, while the Moving Average Convergence Divergence (MACD) remains in positive territory. These readings indicate that buying interest still dominates, even as the market cools from recent highs.
Key Bitcoin Technical Levels
| BTC Level | Type | Level ($) |
|---|---|---|
| Immediate resistance | Psychological | $80,000 |
| Secondary resistance | 200-day EMA | $82,173 |
| Higher resistance | 61.8% Fibonacci | $83,437 |
| Major upside cap | Horizontal resistance | $84,410 |
| Initial support | 50.0% Fibonacci | $78,962 |
| Support cluster | Upper channel / 100-day EMA | $75,680 / $75,667 |
| Deeper support | 38.2% Fibonacci | $74,487 |
| Lower channel boundary | Structural support | $62,950 |
On the upside, the first significant barrier is the psychological $80,000 level, followed by the 200-day EMA around $82,173 and the 61.8% Fibonacci retracement at $83,437. A sustained move above these thresholds would clear a path toward horizontal resistance at $84,410.
On the downside, the reclaimed 50.0% retracement at $78,962 acts as initial support. The upper boundary of a parallel channel at $75,680, aligning closely with the 100-day EMA at $75,667, forms a dense demand area. If selling pressure intensifies, additional support may emerge near the 38.2% retracement at $74,487 and at the lower boundary of the channel around $62,950.
Ethereum Sustains Recovery Above 100-Day EMA
Ethereum is changing hands at $2,388 on Monday after gaining more than 4% in the previous week. The token is trading above its 100-day EMA at $2,353 and 50-day EMA at $2,244, keeping the short-term tone positive even though it remains below the 200-day EMA at $2,630.
Price has also moved above the 38.2% Fibonacci retracement of the most recent downswing at $2,367, a sign that buyers are attempting to extend the rebound. On the daily chart, the RSI stands near 59, indicating firm but not overstretched bullish momentum. At the same time, the mildly negative MACD reading signals that upward follow-through is still fragile.
Key Ethereum Technical Levels
| ETH Level | Type | Level ($) |
|---|---|---|
| Spot price (Monday) | Current price | $2,388 |
| Immediate resistance | 50% Fibonacci | $2,558 |
| Secondary resistance | 200-day EMA | $2,630 |
| Higher resistance | 61.8% Fibonacci | $2,749 |
| First support | 38.2% Fibonacci | $2,367 |
| Next support | 100-day EMA | $2,353 |
| Deeper pullback level | 50-day EMA | $2,244 |
| Channel top | Horizontal channel | $2,148 |
| Additional support | 23.6% Fibonacci | $2,130 |
| Major base | Channel floor | $1,747 |
On the upside, the first resistance level is the 50% Fibonacci retracement at $2,558, followed by the 200-day EMA at $2,630. The 61.8% retracement at $2,749 sits above, reinforcing a broader supply region.
On the downside, the reclaimed 38.2% Fibonacci retracement around $2,367 provides initial support, ahead of the 100-day EMA at $2,353. A more pronounced pullback would put the 50-day EMA at $2,244 in view. Further weakness could see price revisit the top of the horizontal channel near $2,148 and the 23.6% Fibonacci level at $2,130, with the lower channel boundary around $1,747 marking a significant structural base.
XRP Holds Above Support as Momentum Gradually Improves
XRP is trading above $1.44 on Monday, up 2.62% from the prior week. The token remains above its 50-day EMA at $1.41, yet it is still constrained below the 100-day and 200-day EMAs at $1.52 and $1.76. This configuration keeps the broader technical tone bearish despite recent stabilization.
On the daily timeframe, the RSI around 57 points to improving but not overstretched momentum. The MACD line is slightly positive, signaling that buyers are trying to consolidate recent gains within a broader descending parallel channel.
Key XRP Technical Levels
| XRP Level | Type | Level ($) |
|---|---|---|
| Spot price (Monday) | Current price | > $1.44 |
| First support | 50-day EMA | $1.41 |
| Immediate resistance | 100-day EMA | $1.52 |
| Major resistance | 200-day EMA | $1.76 |
| Lower support | Channel support | $1.30 |
| Major base | Structural support | $1.10 |
On the upside, XRP must break above the 100-day EMA at $1.52 to strengthen bullish momentum, with the 200-day EMA at $1.76 acting as a key barrier to trend reversal.
On the downside, the 50-day EMA at $1.41 serves as immediate support. A break below this level could expose the lower boundary of the descending channel near $1.30, followed by stronger structural support around $1.10.
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