Bitcoin Holds Key Averages as ETH and XRP Test Barriers

Key Moments

Bitcoin Outlook: Recovery Supported by Major Moving Averages

Bitcoin (BTC) continues its rebound on Friday, changing hands around $76,770 and maintaining a constructive short-term tone. The price remains firmly above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are grouped between approximately $71,600 and $73,824 and act as an important technical floor.

The Relative Strength Index (RSI) sits at 52, having retreated from earlier overbought levels back into a neutral zone. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains in negative territory, although its downside profile is contracting, signaling that bearish pressure is easing rather than indicating a decisive upside trend shift.

On the resistance side, the next prominent ceiling is a horizontal level at $84,410, where prior selling interest could reappear if the advance continues.

Support is initially anticipated near the 50-day EMA at $73,824, backed by the 200-day EMA at $73,228 and the 100-day EMA at $71,600. These moving averages collectively underpin the broader positive structure as long as BTC trades above them.

BTC/USDT daily chart

Ethereum Analysis: Gains Depend on Holding Above Critical Supports

Ethereum (ETH) trades near $2,456 on Friday, preserving a broadly bullish near-term structure as it stays comfortably above its 50-day, 100-day, and 200-day EMAs. These averages are clustered between roughly $2,170 and $2,290, reinforcing the underlying uptrend.

The RSI reads 54, having cooled from previous overbought levels and now reflecting neutral conditions. At the same time, the MACD line remains below the zero mark, pointing to ongoing corrective momentum even as the broader price pattern remains supported by the EMAs.

On the upside, the first notable resistance appears at a horizontal barrier near $2,529. If buyers push through that zone, they will next confront resistance around $2,623, where buying conviction is likely to be tested again should the move higher continue.

On the downside, immediate technical demand is backed by the 50-day EMA at $2,289, followed by the 200-day EMA at $2,202 and the 100-day EMA at $2,167. In the event of a more pronounced decline, the prior horizontal base around $2,000 stands out as a more meaningful medium-term support area.

ETH/USDT daily chart

XRP Technical Picture: Trading Just Above Critical Support

XRP trades around $1.305 on Friday, holding slightly above the horizontal support at $1.300 and positioned between its medium- and long-term EMAs.

The 50-day EMA at $1.284 and the 100-day EMA at $1.256 lie below the current price, signaling a mildly constructive undertone. However, the 200-day EMA at $1.352 overhead limits further upside and keeps the broader configuration neutral for the moment.

The RSI stands at 47, close to the midpoint, underscoring a consolidative environment. At the same time, the MACD remains in negative territory with a slightly negative reading, indicating that bullish momentum is fading rather than pointing to strong selling pressure.

On the downside, immediate support is concentrated at the $1.300 horizontal level, with additional layers of technical backing at the 50-day EMA of $1.284 and the 100-day EMA of $1.256 if selling pressure deepens.

On the upside, the first key barrier is the 200-day EMA at $1.352. Only a sustained move above this level would clear the path toward a more distant horizontal resistance near $1.900, an area where prior supply could reassert itself.