- Bitcoin continues to trade above its 50-day EMA at $65,089 on Monday, extending its rally with a fourth straight week of gains.
- Ethereum has secured a close above the 100-day EMA at $1,934, reinforcing a bullish technical outlook.
- XRP remains steady around $1.10, with momentum indicators suggesting a modest bullish bias.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) kicked off the week on solid footing after posting weekly gains of more than 1%, 4%, and 1%, respectively. BTC secured its fourth consecutive weekly advance by reclaiming a key technical level, ETH reinforced its bullish outlook with a close above its 100-day EMA, while XRP remained stable near $1.10 despite continuing to trade below major long-term moving averages.
Bitcoin outlook: Bulls regain momentum above the 50-day EMA
Bitcoin is trading around $65,199 on Monday, maintaining a cautiously bullish tone after reclaiming its 50-day EMA at $65,089. While this suggests the recent volatility may be easing, BTC still faces notable resistance from the 100-day EMA at $67,787 and the 200-day EMA near $73,848.
Technical indicators paint a mixed but constructive picture. The RSI hovers around 54, reflecting moderate buying interest rather than overheated momentum, while the MACD remains positive despite gradually losing strength, implying that further gains could encounter resistance.
If buyers remain in control, Bitcoin’s first upside target lies at the 100-day EMA near $67,787, followed by the 200-day EMA around $73,848. A sustained breakout could open the path toward the major horizontal resistance at $84,410.
On the downside, immediate support is located at the 50-day EMA around $65,088, followed by a stronger horizontal support zone at $64,004. A decisive break below this region would weaken the current recovery and increase the risk of a deeper corrective move.
Ethereum outlook: Break above the 100-day EMA strengthens bullish case
Ethereum trades near $1,945 after climbing more than 4% last week, improving its short-term technical outlook. ETH now holds above both its 50-day EMA near $1,841 and 100-day EMA around $1,934, signaling that buyers have regained control of the medium-term trend.
Momentum indicators continue to support the positive outlook. The RSI stands near 62, indicating healthy bullish momentum without reaching overbought conditions, while the MACD remains in positive territory, reinforcing the likelihood of additional upside as long as price stays above its reclaimed moving averages.
The first upside hurdle is the psychological $2,000 level, followed by the 200-day EMA near $2,158, which represents a more significant resistance zone.
On the downside, initial support sits at the 100-day EMA around $1,934, with stronger support at the 50-day EMA near $1,841. A break below these levels would shift attention toward the broader support area near $1,385.
XRP outlook: Stabilizes near $1.10 but remains below key moving averages
XRP trades around $1.10 on Monday, showing signs of stabilization after last week’s gains. However, the token continues to trade below its 50-day, 100-day, and 200-day EMAs, which remain clustered between $1.14 and $1.43, keeping the broader technical outlook cautious.
Although the overall trend remains corrective, momentum indicators hint at improving conditions. The RSI sits close to the neutral 50 level at 49, while the MACD remains slightly positive, suggesting buyers are attempting to build momentum despite persistent overhead resistance.
The first resistance level is the 50-day EMA near $1.13, followed by the 100-day EMA at $1.22 and the horizontal barrier at $1.30. Beyond these, the 200-day EMA around $1.43 and the previous swing high near $1.90 represent stronger resistance levels.
On the downside, $1.00 remains the key psychological and technical support. A break below this level would likely invite renewed selling pressure and extend XRP’s broader corrective phase.
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