- Bitcoin and Ethereum prices stabilize after strong rallies, facing key resistance levels that could determine their next moves.
- Meanwhile, XRP shows continued strength, holding above support and eyeing a push toward $2.50 and beyond.
After an explosive week of gains, the crypto market is showing signs of cooling off, with Bitcoin (BTC) and Ethereum (ETH) stabilizing while Ripple’s (XRP) price action hints at continued strength. Here’s a closer look at how the top three coins are setting up for the week ahead.
Bitcoin Struggles Below $95,000
Bitcoin price surged past its 200-day Exponential Moving Average (EMA) at $85,000 last week, rallying 11.14% before hitting resistance at $95,000. Despite an impressive performance, BTC failed to close above this crucial level and has since stabilized around $93,500.
Currently, the Relative Strength Index (RSI) sits at 65, cooling off after reaching near-overbought levels. If Bitcoin cannot break above $95,000 soon, it risks a pullback toward the psychologically important $90,000 level. However, a decisive close above $95,000 could propel BTC toward the next resistance at $97,000, keeping bulls in control.
Also read: China’s Bold Move: Shifting from US Treasuries to Bitcoin and Gold Amid Global Tensions
Ethereum Bulls Show Signs of Fatigue
Ethereum followed a similar path, climbing nearly 15% after breaking the $1,700 barrier. ETH peaked near the $1,861 daily resistance before pulling back slightly to trade around $1,773 at the start of the week.
The RSI for Ethereum is trending downward at 53, suggesting weakening bullish momentum. A close below $1,700 could open the door for a deeper correction toward $1,449. On the flip side, a breakout above $1,861 could see Ethereum targeting the key psychological milestone at $2,000.
XRP Holds Strong, Eyeing Higher Highs
Amid the consolidation in Bitcoin and Ethereum, Ripple’s XRP has been a standout performer. XRP surged over 8% last week, closing above the important $2.23 resistance. As of Monday, XRP continues to hover at $2.24, showing resilience above its 200-day EMA.
The RSI at 57 indicates healthy bullish momentum, and if the upward trend persists, XRP could retest the March high at $2.50. A breakout beyond this level would put the $3.00 mark firmly in sight, signaling further upside potential.
As the market pauses after last week’s strong gains, Bitcoin and Ethereum look to solidify support levels, while XRP continues to show promising strength — setting the stage for an exciting week in crypto.
