- Bitcoin (BTC) rebounds above $83,500 after dipping below $81,000 last week.
- Ethereum (ETH) moves above its 50-day EMA at $2,505, supporting hopes of further recovery.
- XRP remains in a consolidation phase, with support around the $1.38 level.
Bitcoin climbed back above $83,500 on Monday following last week’s correction below $81,000. Ethereum also recovered above $2,500, while XRP regained the $1.40 level. Although all three cryptocurrencies show signs of recovery, weakening momentum suggests that further gains may face resistance.
Bitcoin Price Prediction: BTC Targets $85,000
Bitcoin trades near $83,688, maintaining a positive technical outlook as it remains above its 50-day, 100-day and 200-day EMAs. The RSI near 55 indicates moderate buying momentum, while the negative MACD suggests the recovery has yet to confirm a stronger bullish breakout.
On the upside, $85,000 remains a key resistance level. A daily close above this barrier could support further gains. On the downside, support lies near $80,195, followed by $76,411 and $75,744. A deeper correction could bring $66,500 and $62,300 into focus.
Ethereum Price Prediction: ETH Holds Above $2,500
Ethereum trades around $2,543, staying above its key moving averages and maintaining a constructive near-term outlook. However, the RSI near 45 and negative MACD signal that bullish momentum remains limited.
Resistance is positioned at $2,800, followed by the psychological $3,000 mark. Meanwhile, $2,500 is the immediate support zone, with additional support around $2,351 and $2,307. A sustained break below this range could expose ETH to further declines toward $2,000.
XRP Price Prediction: $1.38 Support Remains Crucial
XRP trades near $1.404, holding above its 50-day EMA around $1.399. The 200-day EMA near $1.384 also provides support, although the RSI at 44 and negative MACD point to fading upward momentum.
A break below $1.38 could push XRP toward $1.340 and the $1.300 support level, with $1.000 acting as a deeper downside target. On the upside, resistance stands at $1.671, followed by $1.900. Until XRP breaks above these levels, the cryptocurrency may continue trading sideways.
