Crypto Majors Edge Higher as Traders Eye Nov Setup

Key Moments

Bitcoin Attempts to Stabilize After October Declines

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) saw modest gains on Monday following four consecutive weeks of losses that closed out October. BTC moved back above $78,462 after finding demand near key support zones, ETH recovered to trade above $2,295 while staying beneath critical Exponential Moving Averages (EMAs), and XRP oscillated around $1.25 as participants evaluated whether the early-November bounce could turn into a more sustained move.

Bitcoin Holds Above Longer-Term Averages

Bitcoin price was quoted at $78,462 on Monday, moving sideways between important EMAs as the short-term tone leaned slightly negative. The 50-day EMA, currently near $80,307, acted as immediate resistance and blocked attempts to re-establish the prior uptrend. Beneath spot levels, the 100-day EMA at $77,831 and the 200-day EMA at $76,471 provided underlying support and signaled that the broader configuration remained constructive.

Momentum indicators reflected a cooling in bullish pressure. The Relative Strength Index (RSI) hovered close to 40, while the Moving Average Convergence Divergence (MACD) stayed in negative territory, signaling waning upside conviction rather than a decisive breakdown.

On the upside, a clean break above the 50-day EMA at $80,307 would be required to reopen a test of the horizontal resistance area around $85,000, where supply had appeared recently.

On the downside, initial technical support was located at the 100-day EMA near $77,831, followed by a more significant base at the 200-day EMA around $76,471.

As long as BTC trades above the 100-day and 200-day EMAs but remains constrained by the 50-day EMA, price action is likely to stay rangebound. A daily close below $76,471 would strengthen the case for a deeper corrective phase, while a sustained move above $80,307 would tilt the bias back toward the bulls.

Ethereum Trades Below Major Moving Averages

Ethereum price was changing hands at $2,295 on Monday, remaining under key EMAs and thereby preserving a bearish near-term bias. On the topside, ETH faced resistance from the 200-day EMA at $2,313 and the 100-day EMA at $2,353. The level where an ascending trendline was previously broken, around $2,385, added to the overhead pressure zone.

The RSI stood at 37, reflecting weak momentum while staying just above oversold conditions. The MACD also remained negative, indicating that recovery attempts could meet renewed selling interest close to nearby resistance bands.

Potential resistance layers on the upside included the 200-day EMA around $2,313, followed by the 100-day EMA at $2,353 and the broken trendline pivot near $2,385. Above these, a horizontal resistance zone at $2,400 was positioned ahead of the 50-day EMA at $2,417, with another notable cap further out at $2,770.

On the downside, the next significant support level was identified at the horizontal area near $1,823, where buyers would be anticipated to step in to protect the broader uptrend structure if the ongoing pullback were to deepen.

XRP Struggles Beneath Clustered EMAs

XRP price was quoted at $1.253 on Monday, maintaining a bearish short-term profile as it traded under a cluster of key EMAs. The 100-day EMA at $1.325, the 50-day EMA at $1.340 and the 200-day EMA at $1.366 were all positioned above the market, indicating a capped environment following the latest downside move.

Momentum indicators remained fragile. The RSI hovered near 37 and the MACD was only slightly negative, signaling that bears still controlled the market tone despite signs that selling pressure had slowed.

On the topside, immediate resistance appeared at the psychological $1.300 level, followed by the 100-day EMA at $1.325 and the 50-day EMA at $1.340, forming a nearby supply band.

Further up, the 200-day EMA at $1.366 reinforced the broader bearish technical backdrop. A push through $1.540 would be required to ease downside pressure and pave the way toward the more distant horizontal resistance at $1.900. With no clearly defined support area at current levels, additional weakness would likely force XRP to search for new demand below $1.250 before a more durable recovery could emerge.