Bitcoin (BTC) Could Rebound if the $85,000 Support Holds
Bitcoin (BTC) is trading around $86,924 after bouncing off the key $85,000 support level. If this support holds, BTC could attempt to retest its recent high of around $95,000. However, a decisive break below $85,000 might push the price lower toward the $73,000 support zone.
The Relative Strength Index (RSI) is currently at 41 and moving toward its neutral level of 50, indicating that bearish momentum is easing. If the RSI surpasses 50, it could add strength to a potential recovery.
Ethereum (ETH) Shows Signs of a Rebound if $2,125 Support Holds
Ethereum (ETH) found strong support at $2,125 over the weekend, leading to a 13.56% rebound before facing resistance at $2,359. At the time of writing, ETH is trading around $2,176.
If the $2,125 support level remains intact, Ethereum could continue its recovery, potentially reaching the $3,000 resistance level. The RSI sits at 35, indicating bearish momentum, but a move above 50 could shift the trend to bullish.
However, if ETH closes below $2,125, it may extend losses toward the next key support at $1,905.
Ripple (XRP) Holds Above Key Support, Eyeing a Breakout
Ripple (XRP) faced rejection at the $3 psychological level and fell by 18.79%. However, it found support around the 100-day Exponential Moving Average (EMA) at $2.30, bouncing back to $2.45.
If the 100-day EMA holds, XRP could attempt to reclaim $3. A strong close above this level might lead to further gains toward $3.40.
The RSI currently stands at 48, showing market indecision. A move above 50 could provide momentum for a sustained rally.
On the downside, a drop below $2.30 could push XRP toward its next support level at $1.96.
