Bitcoin, Ethereum, and XRP: A Critical Juncture Ahead

Bitcoin and Ethereum are showing signs of short-term recovery, but the market remains at a critical juncture. The recent price action indicates that the two cryptocurrencies have avoided deeper declines for now, while several resistance levels continue to limit a stronger rebound.

BTC has been trading within a wide range, with $60,000 acting as major support and $66,000-$67,000 as resistance. A confirmed move below $62,000 could create a new lower low and increase the chance of a deeper decline in the following weeks. On the upside, a move above $65,500 could weaken the current bearish setup and allow Bitcoin to move higher.

Ethereum is also moving within a range and continues to face resistance around $1,940-$1,970. ETH has support around $1,800-$1,830, while the wider support zone sits between approximately $1,500 and $1,600. A sustained move above $1,970-$1,980 could improve Ethereum's outlook and bring $2,130-$2,150 into focus.

XRP remains weaker than Bitcoin and Ethereum. The weekly trend is still bearish, with the next major support around $0.93. On the daily chart, XRP is holding close to the $1 level and showing a possible bullish divergence between its price and RSI.