Bitcoin Rebounds From Support as XRP Extends Rally

Key Moments

Bitcoin: Bounce From Support Keeps Bullish Structure Intact

Bitcoin (BTC) traded around $81,300 on Friday, showing a constructive bullish tone after rebounding from a key support area tested the previous day. The price remained above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are grouped between roughly $76,700 and $82,000, signaling ongoing dip-buying interest despite the recent pullback from highs.

While the Moving Average Convergence Divergence (MACD) indicator has turned more negative, suggesting that upside momentum may be fading, the Relative Strength Index (RSI) near 60 still reflects positive conditions that are not yet stretched into overbought territory.

On the upside, the first key resistance level is the 61.8% Fibonacci retracement at $83,437, calculated from the January high to the February low, followed by a horizontal barrier around $84,410. The January high at $97,924 remains a more distant ceiling.

On the downside, initial support appears at the 50% Fibonacci retracement at $78,962, with the 100-day and 50-day EMAs situated just below. Further downside protection is seen at the 38.2% retracement near $74,487 and the rising trendline area around $70,264.

Ethereum: Sideways Trade Around the 50-day EMA

Ethereum (ETH) traded at $2,277 on Friday, sitting slightly above its 50-day EMA at $2,274 but still under the 100-day EMA at $2,338. This alignment leaves ETH in a near-term stance that is neither strongly bullish nor decisively weak, as price action is constrained between key moving averages.

The 100-day EMA and the 38.2% Fibonacci retracement at $2,380 are positioned close together, forming a potential supply zone that may limit rallies. On the daily chart, the RSI stands at 47 and the MACD is negative, both indicating that the recent rebound has lost some upside strength.

On the topside, the first resistance is the 100-day EMA around $2,338, followed by the 38.2% Fibonacci retracement of the latest cycle near $2,380. A daily close above this resistance band would be needed to clear the way toward the $2,575 area, where the 200-day EMA and the 50% retracement converge into a more substantial medium-term barrier.

On the downside, the 50-day EMA near $2,275 acts as initial support. A more pronounced decline would bring the 23.6% retracement at $2,138 and the nearby trendline break zone at $2,130 into focus, ahead of a more significant structural base around the $1,748 swing low.

XRP: Bullish Tone Strengthens After Channel Break

Ripple (XRP) traded above $1.48, preserving a constructive short-term bullish bias after breaking above a descending channel around $1.47 on Thursday. The price is holding above the 50-day EMA at $1.42, reinforcing the positive technical backdrop.

Momentum indicators support this upbeat tone: the RSI on the daily chart is near 62 and the MACD line has turned positive, signaling that buyers continue to exert control even though XRP remains below its longer-term moving averages.

On the upside, the first resistance is the 100-day EMA around $1.49. A sustained break above this level would expose the 200-day EMA near $1.70, followed by a more distant horizontal barrier at $1.90.

On the downside, initial support is located at the recent breakout area near $1.47, with the 50-day EMA at $1.42 providing an additional cushion. A retreat toward the $1.30 horizontal floor could attract renewed buying interest as long as the broader technical structure remains constructive.