- Bitcoin nears a breakout above $89K, eyeing $100K as market fears ease.
- XRP holds strong at $2, while Ethereum continues to lag below $2,000.
As of Friday, April 4, 2025, the crypto market is showing signs of cautious stabilization, sparking new hope for bullish momentum across major assets—though not all are keeping pace.
Bitcoin (BTC): Poised for a Breakout?
Bitcoin has clawed back to $84,000, up from recent lows, after weeks of hesitation tied to regulatory uncertainties. With new tariff rules now firmly in place, the market is breathing a collective sigh of relief. BTC has reclaimed its 200-day EMA, a key technical support level, and is now inching toward the $87,000–$89,000 resistance zone.
Technically, the setup looks promising. The RSI remains neutral, suggesting upside potential, and recent green daily candles imply accumulation rather than distribution. If Bitcoin breaks through this tight resistance band, a run toward the coveted $100,000 level could be on the table within weeks—not months.
Also read: ONDO Price Prediction: Is a 300% Breakout on the Horizon as Bullish Signals Align?
XRP: Holding the Line at $2
XRP continues to show resilience, firmly holding the psychological and technical support at $2. Since late last year, its 200 EMA around $1.94 has consistently acted as a launchpad for upward movement. Volume remains steady, with bullish undertones.
Looking ahead, the $2.27 resistance—aligned with the 50-day EMA—is the next test. A breakout above that level, and particularly the long-standing descending resistance at $2.60, could signal the end of consolidation and the beginning of a rally toward $3. With a bullish falling wedge forming, the odds favor XRP bulls if market sentiment remains constructive.
Ethereum (ETH): Still Stuck Below $2,000
Ethereum, on the other hand, is struggling to keep pace. Currently trading at $1,821, ETH remains trapped in a descending channel, posting lower highs and lower lows since March. The lack of buying pressure, combined with persistent resistance around its 50-day and 26-day EMAs, suggests further downside risk.
Unless Ethereum can reclaim $2,200 with conviction, it’s likely to remain under pressure. A fall below $1,700 could expose it to deeper losses, potentially down to $1,600. For now, ETH appears sidelined while BTC and XRP show signs of strength.
With macro risks easing and sentiment cautiously improving, the next few weeks could determine whether this stabilization phase evolves into a full-blown recovery.