Bitcoin and XRP Show Bullish Signals While Ethereum Lags

Bitcoin's Bullish Reversal

Bitcoin has shown early signs of a bullish turnaround, bouncing off the $82,000 support level and reaching $84,469 with a 2.34% intraday gain. A notable increase in trading volume suggests fresh buying pressure and potential accumulation. Bitcoin is currently testing the 200-day EMA, a critical resistance level that could signal a long-term uptrend if broken. The RSI, at 47.3, indicates room for further growth without immediate overbought conditions. Breaking above the 200 EMA and the $88,000-$89,000 resistance cluster could pave the way for a rally toward $95,000.

XRP's Recovery

XRP has rebounded strongly after briefly dipping below $2, reaching $2.18 with a 4.38% intraday recovery. This bounce off the 200-day EMA suggests a potential bullish reversal, breaking out of a descending wedge pattern. The RSI rising above 43 indicates growing bullish momentum. Key resistance levels to watch include the 50-day EMA at $2.31 and the upper edge of the wedge at $2.50. Sustained volume and price action above the 200 EMA could signal the start of a fresh upward trend.

Ethereum's Struggles

Ethereum is testing the $2,000 mark but lags behind Bitcoin and XRP in bullish momentum. Despite a 3.38% price increase, ETH remains trapped in a broader downtrend, struggling to overcome key resistance levels. The next significant test lies in the $2,225-$2,255 range. Failure to break above this zone could push Ethereum back toward $1,800. With an RSI of 41, ETH remains in bearish territory, highlighting relative weakness compared to BTC and XRP. Its underperformance raises questions about its ability to regain bullish momentum.