Headline: Crypto week opens on a steadier footing as Bitcoin, Ethereum and XRP hold key supports
The crypto market starts the week with a calmer tone after last week’s pullback, as Bitcoin, Ethereum and XRP show signs of stabilization. Bitcoin slid nearly 4% over the prior week, Ethereum dropped about 2% and XRP fell roughly 6%, but all three assets have found short-term footing: BTC is trading above $64,000, ETH is holding the important $1,700 support, and XRP is consolidating near $1.13.
Bitcoin technical picture still cautious
Bitcoin’s price action remains cautious despite the early-week stability. BTC is trading around $64,000 but sits below its major moving averages—50-day EMA (~$69,106), 100-day EMA (~$72,123) and 200-day EMA (~$77,748)—a configuration that typically indicates sellers retain control of the broader trend. The market also recently lost a rising trendline that had been acting as support; that same line now sits near $74,238 and is likely to act as resistance.
Signs momentum is easing
Some technical indicators hint that the downside momentum is slowing. The RSI has recovered from deeply oversold territory to the high-40s, implying selling pressure has eased though a decisive bullish turn has not yet arrived. Meanwhile the MACD remains in positive territory, which offers a modest tailwind for prices.
What traders are watching
For bulls to reclaim control, Bitcoin needs to clear a series of resistance zones—most importantly the 50-, 100- and 200-day EMAs noted above. A sustained move above those levels would materially improve the technical outlook and could mark the end of the corrective phase. On the flip side, the first major support sits at $64,005; a decisive break below that level would open the door to further downside and an extension of the decline.
Short-term outlook
The market appears to be digesting last week’s losses and waiting for fresh catalysts. If BTC can hold current support and build momentum, buyers will target the EMA cluster and the trendline resistance. If sellers reassert control and push BTC below $64,005, expect renewed downward pressure. Ethereum and XRP will likely follow Bitcoin’s lead in the near term as traders monitor these key technical thresholds.
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