Last Updated on 15/07/2026
- Bitcoin approaches its 50-day Exponential Moving Average (EMA) at $65,142, with a decisive close above the level signaling potential for further upside.
- Ethereum finishes above the $1,800 resistance mark, reinforcing expectations for a sustained recovery.
- XRP trades around $1.15 after rebounding by more than 4% in the previous session, indicating improving bullish momentum.
Bitcoin, Ethereum, and XRP edge higher as recovery momentum builds
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) trade with modest gains on Wednesday as risk appetite returns to the cryptocurrency market. BTC is approaching its 50-day Exponential Moving Average (EMA), ETH has reclaimed the $1,800 resistance level, and XRP is holding firmly above an important support zone. If these technical levels remain intact, the three leading cryptocurrencies could extend their recovery in the sessions ahead.
Bitcoin eyes further upside if it breaks above the 50-day EMA
Bitcoin is trading around $64,510 on Wednesday after rallying more than 4% and closing above the $64,000 resistance level in the previous session. Although the rebound has improved short-term sentiment, BTC continues to trade below its 50-day, 100-day, and 200-day EMAs, located at $65,142, $68,524, and $74,562, respectively. Remaining beneath these key moving averages indicates that the broader trend still favors the downside, despite signs of stabilizing momentum. The Relative Strength Index (RSI) has climbed to 54, reflecting modest bullish momentum, while the Moving Average Convergence Divergence (MACD) remains in positive territory, suggesting selling pressure may continue to ease even if a stronger bullish reversal has yet to emerge.
On the downside, $64,004 serves as the first support level, where buyers could step in to protect the recent recovery.
To the upside, Bitcoin faces immediate resistance at its 50-day EMA near $65,142, followed by the 100-day EMA at $68,524 and the 200-day EMA around $74,562. A sustained move above these key dynamic resistance levels would improve the medium-term outlook and weaken the prevailing bearish trend. Beyond them, the next major obstacle lies at the previous horizontal resistance near $84,410.
Ethereum holds above key resistance at $1,800
Ethereum (ETH) trades around $1,866 on Wednesday after closing above its 50-day Exponential Moving Average (EMA) at $1,805 in the previous session, reinforcing the near-term bullish outlook. However, the second-largest cryptocurrency remains below its 100-day EMA at $1,945 and 200-day EMA at $2,193, indicating that the broader trend has yet to turn decisively positive.
The 50-day EMA is now acting as immediate support, suggesting buyers are defending the recent breakout. Meanwhile, the Relative Strength Index (RSI) hovers near 61, reflecting healthy bullish momentum without entering overbought territory. The Moving Average Convergence Divergence (MACD) also remains constructive, with the MACD line above its signal line and a positive histogram, pointing to strengthening upside momentum despite the presence of key overhead resistance.
On the upside, Ethereum’s next resistance is located at the 100-day EMA near $1,945, followed by the psychologically important $2,000 level. Beyond that, the 200-day EMA around $2,193 represents a major hurdle that bulls must overcome to confirm a broader trend reversal.
On the downside, initial support is seen at the 50-day EMA around $1,805, while a stronger long-term support level lies near $1,385, where buyers could re-emerge if the current recovery loses momentum.
XRP rebounds from channel support but faces strong overhead resistance
XRP trades around $1.099 on Wednesday after bouncing 4% in the previous session from support at the upper boundary of its descending channel. While the rebound has improved short-term sentiment, the token remains below its key moving averages, keeping the broader outlook tilted to the downside.
XRP continues to trade beneath the 50-day Exponential Moving Average (EMA) at $1.157, the 100-day EMA at $1.254, and the 200-day EMA at $1.461. Remaining below these major trend indicators suggests that bearish pressure is still in control despite the recent recovery.
Momentum indicators paint a mixed picture. The Relative Strength Index (RSI) stands at 47, just below the neutral 50 level, indicating that bullish momentum is beginning to improve but has yet to gain conviction. Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly positive, signaling stabilizing momentum without confirming a sustained bullish reversal.
On the downside, immediate support is located near $1.040, where the lower boundary of the descending parallel channel may attract renewed buying interest and help preserve the recent recovery.
To the upside, XRP faces its first resistance at the 50-day EMA around $1.157, followed by the 100-day EMA near $1.254 and the $1.300 horizontal resistance level. Beyond these, the 200-day EMA at $1.461 and the longer-term resistance around $1.900 represent significant barriers. Until XRP reclaims the 50-day EMA, any near-term gains are likely to be viewed as corrective moves within the prevailing bearish trend.
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