Bitcoin Stabilizes at $84K, XRP Shows Resilience, Ethereum Struggles
Bitcoin Regains Momentum
Bitcoin has stabilized at $84,000, overcoming weeks of volatility. The removal of tariff-related uncertainty has boosted investor confidence, potentially paving the way for a bullish trend.
Technically, Bitcoin has bounced back from its 200-day EMA, a key support level. The RSI remains neutral, indicating room for further upside. A breakout above the $87,000-$89,000 resistance zone could accelerate Bitcoin's rally toward $100,000.
XRP Demonstrates Strength
XRP is holding firm at $2, a critical psychological and technical support level. The 200 EMA has proven reliable, and recent price action suggests a potential mid-term recovery.
A breakout above $2.27, aligning with the 50-day EMA, could propel XRP toward the descending resistance line near $2.60. A successful breach of this trendline might signal a bullish acceleration toward $3. The falling wedge pattern and steady volume suggest a potential breakout.
Ethereum Faces Bearish Pressures
Ethereum continues to struggle near $2,000, with its price stuck in a descending channel. The asset is trading below its 50-day EMA and facing resistance at the 26-day EMA.
The RSI indicates bearish sentiment, and red candles dominate trading sessions, signaling waning buyer interest. Without a significant shift in volume or sentiment, Ethereum risks dropping to $1,700 or lower. Bulls must await a reversal signal before considering long positions.
The crypto market's direction hinges on macroeconomic factors, with Bitcoin and XRP showing localized strength while Ethereum lags behind.
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