Bitcoin Inches Higher as Ethereum Holds XRP Steady Now

Key Moments

Market Overview

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) start the week on firmer ground after recording weekly declines of nearly 4%, 2%, and 6%, respectively. On Monday, BTC attempts a mild rebound above $64,500, ETH continues to defend a critical support region around $1,700, and XRP stabilizes close to $1.14 as traders weigh the potential for either a renewed advance or a deeper pullback.

Bitcoin: Modest Rebound Within a Broader Corrective Structure

Bitcoin is quoted around $64,500 on Monday, staging only a limited recovery. The broader setup still leans bearish, with price holding well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are grouped in a band from roughly $69,100 to $77,750.

The former rising trendline that BTC has already broken now acts as resistance near $74,238, highlighting that the market tone remains corrective. The Relative Strength Index (RSI) has bounced from oversold levels into the low-40s, signaling that downside pressure has eased but not yet transitioned into a clear bullish phase. The Moving Average Convergence Divergence (MACD) indicator is still in positive territory, yet the flattening of the MACD line against its signal line points to fading recovery strength.

On the upside, traders face multiple resistance layers: the 50-day EMA around $69,106, the 100-day EMA near $72,123, and the reclaimed rising trendline close to $74,238. Beyond these, the 200-day EMA around $77,748 and a horizontal ceiling at $84,410 combine to form a wider supply zone.

On the downside, immediate support is identified at a horizontal level near $64,005. A decisive move below that area would open the door to fresh lows and signal an extension of the current daily downtrend.

Ethereum: Support at $1,700 Remains Intact but Bias Stays Capped

Ethereum trades near $1,741 on Monday, continuing to hold the key support area around $1,700. Despite the defense of this zone, ETH maintains a bearish tilt, with price still trading beneath the 50-day, 100-day, and 200-day EMAs, located at approximately $1,911, $2,073, and $2,338, respectively.

The recent recovery off the lows has pushed the RSI up to about 44, indicating a stabilization in momentum that remains subdued. The MACD sits in positive territory, which suggests that the current uptick is likely a corrective bounce within a broader constrained pattern.

On the topside, an initial obstacle appears at the $2,000 horizontal level. The 50-day EMA at $1,911 acts as an intermediate cap, while the 100-day EMA at $2,073 further reinforces resistance ahead of the more distant 200-day EMA at $2,338.

On the downside, the next significant support aligns with a former horizontal base near $1,385. A break below that area would reopen the bearish path and erode prospects for a more sustained recovery.

XRP: Consolidation Within a Downward Channel

XRP is quoted around $1.141, retaining a bearish short-term tone as it trades below the 50-day, 100-day, and 200-day EMAs. The token is moving within a downward-sloping parallel channel, with spot price currently below the channel boundary near $1.204. An RSI reading around 42 and a slightly positive MACD histogram point to only a tentative reduction in selling pressure, rather than a clear trend reversal.

On the upside, initial resistance surfaces at the channel boundary around $1.204. Above that, the 50-day EMA near $1.253 and a horizontal cap at $1.300 present additional hurdles. Higher up, the 100-day EMA at about $1.350 and the 200-day EMA around $1.556 add further supply ahead of a stronger resistance region near $1.900, which would be relevant only if XRP manages a considerably more powerful recovery.