Bitcoin Stalls Below Averages as Ethereum, XRP Stabilize

Key Moments

Overview of Major Crypto Moves

On Wednesday, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) exhibit mixed trading conditions as market participants focus on critical technical zones. BTC struggles to reclaim key moving averages following a recent pullback, ETH attempts to build on a bounce from its 50-day Exponential Moving Average (EMA), and XRP works to sustain a recovery effort above the $1.000 support region.

Bitcoin: Price Under Pressure Below Major Moving Averages

Bitcoin is quoted near $63,700 on Wednesday after a 2% retreat over the prior two sessions. The short-term backdrop remains negative, with spot price positioned under all major EMAs. The 50-day EMA stands at $64,580, the 100-day EMA at $66,756, and the 200-day EMA at $72,496, all above current levels and signaling that broader downside pressure persists despite a bounce from below $63,000.

Momentum signals remain muted. The Relative Strength Index (RSI) sits at 47, just under the neutral threshold, while the Moving Average Convergence Divergence (MACD) line holds slightly below zero, pointing to a corrective environment rather than strong buying interest.

On the resistance side, the first hurdle appears near a horizontal level around $64,004, slightly above the market, with the 50-day EMA at $64,580 adding to this initial cap. Beyond that, the 100-day EMA at $66,756 and the 200-day EMA at $72,496 form subsequent resistance levels ahead of a more distant structural ceiling at $75,719.

Support-wise, the primary psychological area is at $60,000. A daily close beneath this zone would open the door to a deeper decline toward the yearly low of $57,800 recorded on July 1.

Ethereum: Supported by 50-day EMA but Still Range-Bound

Ethereum trades near $1,885 on Wednesday, holding just above its 50-day EMA at $1,864. This positioning offers near-term support but does not yet establish a clear bullish trend, as price remains below the 100-day EMA at $1,924. The 200-day EMA, sitting at $2,145, continues to mark a higher medium-term barrier.

From a momentum standpoint, the RSI around 51 indicates relatively balanced conditions, while the MACD below zero highlights that downside risks linger even as ETH steadies above its short-term trendline.

On the downside, the immediate technical floor is around the 50-day EMA at $1,864. A more substantial structural support lies near a horizontal level around $1,385.

To the upside, initial resistance appears at the 100-day EMA at $1,924, followed by the psychological $2,000 horizontal area. Should ETH extend a recovery beyond that, the 200-day EMA at $2,145 would serve as the next important obstacle.

XRP: Recovery Attempts Above $1.000 Face Heavy Overhead Supply

XRP changes hands around $1.021 on Wednesday, with the short-term picture still tilted bearish as the token trades under all significant EMAs. The 50-day EMA is located at $1.094, the 100-day EMA at $1.176, and the 200-day EMA at $1.377, reinforcing a stacked overhead resistance band.

Momentum remains soft. The RSI is at 38, below the neutral 50 mark, and the MACD is in negative territory. These readings support the view that rallies are fading rather than signaling a clear trend reversal.

On the downside, the first notable support zone aligns with a horizontal level around $1.000, where buyers may attempt to slow any further decline if selling pressure continues.

On the upside, initial resistance is defined by the 50-day EMA near $1.094, followed by the 100-day EMA at $1.176 and a prior horizontal barrier at $1.300. Higher up, the 200-day EMA at $1.377 and a more distant resistance level at $1.900 frame a broader supply region that could restrict any stronger rebound while XRP remains below these prices.