Bitcoin Holds Support as Ethereum Stalls, XRP Weakens

Key Moments

Bitcoin: Key Support Holds but Bias Stays Bearish

Bitcoin (BTC) began the week cautiously after declining more than 3% over the previous week. BTC is trading at $63,135 on Monday, holding just above a critical technical area around $62,300.

The near-term outlook remains negative, with price capped below the 50-day Exponential Moving Average (EMA) at $64,306 and trading well under the 100-day EMA at $66,388 and the 200-day EMA at $71,800.

Momentum indicators reflect this downside skew. The Relative Strength Index (RSI) is at 44, parked in a neutral-to-weak zone, while the Moving Average Convergence Divergence (MACD) indicator is in negative territory, indicating that selling pressure is still present even as BTC stabilizes above $63,000.

BTC Technical Levels

On the upside, initial resistance is aligned with the 50-day EMA around $64,306. Above that, a more substantial barrier appears near the 38.2% Fibonacci retracement at $65,547 and the 100-day EMA at $66,388, just below a horizontal resistance at $66,500. A daily close above this broader resistance band would be needed to soften the current bearish stance and potentially clear a path toward the 50% Fibonacci retracement at $67,940.

On the downside, nearby support is seen at the 23.6% Fibonacci retracement at $62,586, followed by the horizontal level at $62,300. A break below $62,300 would likely leave BTC vulnerable to deeper losses toward the lower boundary of its wider trading range.

Ethereum: Sideways Trade Persists Within Moving Average Band

Ethereum (ETH) also started the week on the back foot after losing around 1.5% over the previous week. ETH is changing hands at $1,892 on Monday, still locked in a sideways pattern that has been in place since mid-July.

Price action is confined between key moving averages: ETH is holding above the 50-day EMA at $1,867 but remains restrained below the 100-day EMA at $1,919.

The RSI near 53 suggests slightly positive momentum, but the MACD remains in negative territory, implying that buying interest is present yet lacks strong conviction.

ETH Technical Levels

On the topside, the first hurdle is the 100-day EMA at $1,919. A move above this level would bring the psychological barrier at $2,000 into view, followed by the more strategically important 200-day EMA at $2,118.

On the downside, the 50-day EMA at $1,867 is providing immediate support. A daily close below this level would increase the risk of a retreat toward the broader horizontal support area around $1,385, which marks a significant structural floor on the longer-term chart.

XRP: Bearish Structure Intact Around $1.00

Ripple (XRP) is also starting the week on weaker footing after dropping about 3.5% in the previous week. On Monday, XRP is trading at $1.00, with price action maintaining a bearish profile.

XRP is pinned under the 50-day EMA at $1.07 and the 100-day EMA at $1.15, while the 200-day EMA is situated considerably higher at $1.35, underscoring a heavy broader trend backdrop. The RSI around 37 and a negative MACD reading both point to ongoing downside pressure rather than signs of a near-term bullish reversal.

XRP Technical Levels

On the upside, initial resistance is found at the 50-day EMA near $1.07, followed by the 100-day EMA around $1.15 and a horizontal ceiling at $1.30. Above that, a more distant resistance band is reinforced by the 200-day EMA close to $1.35 and the structural high around $1.90.

On the downside, the immediate support level is the psychological and horizontal floor at $1.00. A sustained move below this mark would signal fresh lows and deepen the existing bearish technical structure.