Crypto Majors Recover as Bitcoin Holds, XRP Tests Top

Key Moments:

Market Overview

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) start the week on a constructive footing, attempting to build on recent rebounds of nearly 4%, 2%, and 2.6%, respectively. BTC is stabilizing around $65,600, ETH is firmly holding above the key $1,700 support level, and XRP is approaching the upper limit of a downward channel pattern. Across these three major cryptocurrencies, momentum indicators are signaling a loss of bearish strength, suggesting room for recovery attempts.

Bitcoin: Gains Consolidate Below Major Resistance

Bitcoin is trading near $65,600 after advancing nearly 4% in the prior week. Despite this improvement, BTC still displays a bearish tone in the short term, as it trades well beneath the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) and below a previously broken ascending trendline. The Moving Average Convergence Divergence (MACD) has turned positive and the daily Relative Strength Index (RSI) is hovering around 41, indicating that downside momentum is fading, yet the broader structure continues to reflect a market capped by substantial overhead resistance.

On the upside, the first notable resistance aligns with the 50-day EMA near $70,698. Above that, the 100-day EMA around $73,314 and the former uptrend support-turned-resistance near $73,505 together form a dense supply zone. If buyers manage to clear this region, the next level to watch is the 200-day EMA around $78,767, followed by a more distant horizontal resistance at $84,410.

On the downside, initial support sits at the horizontal level of $64,004. A move below this area would reopen scope for deeper corrective declines, even as the market attempts to stabilize momentum.

Ethereum: Support Holds as Bearish Momentum Eases

Ethereum is trading above $1,700 after a rebound of more than 2% in the previous week. Even so, ETH still reflects a bearish near-term structure, with price remaining significantly below the 50-day, 100-day, and 200-day EMAs, which are grouped between roughly $1,965 and $2,392. A horizontal barrier at $2,000 marks the first cap on the upside, while the daily RSI near 37 signals restrained buying interest. At the same time, a positive turn in the MACD points to the early stages of a rebound attempt within a wider downtrend.

On the topside, immediate resistance is located at the $2,000 horizontal level. Above this, the 50-day EMA near $1,965, the 100-day EMA around $2,122, and the 200-day EMA close to $2,392 combine into a broad supply band that would need to be broken to ease the prevailing bearish pattern.

On the downside, a notable support zone lies near the prior horizontal area around $1,385. A breakdown below this region would likely expose ETH to further declines, despite the improvement indicated by the MACD.

XRP: Watching for a Break Above the Falling Channel

XRP is trading around $1.188 and retains a bearish short-term bias as it remains firmly below the 50-day, 100-day, and 200-day EMAs, which are concentrated between about $1.280 and $1.590. The token is also trading beneath the upper boundary of a descending parallel channel near $1.270, illustrating a capped configuration. Meanwhile, the RSI has climbed from oversold readings into the mid-40s and the MACD has turned marginally positive but is still below zero, indicating only tentative corrective strength within a broader downside backdrop.

On the upside, initial resistance coincides with the channel ceiling near $1.270. Just above, the 50-day EMA around $1.283 and a previously marked horizontal level at $1.300 form a tight supply area that could cap initial rebounds. Beyond this zone, the 100-day EMA near $1.378 and the 200-day EMA around $1.586 act as further validation points for a bullish shift, ahead of a more distant horizontal resistance at $1.900.

On the downside, the absence of nearby, clearly defined structural support beneath current prices means that any renewed selling pressure may accelerate if the market turns lower again.