Bitcoin Ethereum Ripple Extend Gains as Bullish Momentum Strengthens
Bitcoin (BTC) extended its rally on Monday, trading above $86,700 as bulls target the $90,000 mark. The cryptocurrency has seen three consecutive weeks of gains, reinforcing a bullish near-term bias. Key support levels include $85,000, $79,206, and $75,000, with deeper pullbacks potentially finding support at $66,500 and $62,300. Technical indicators suggest strong momentum, though the upside may be losing incremental traction.
Ethereum (ETH) also continued its upward trend, trading above $2,730 on Monday. The cryptocurrency has maintained a bullish near-term bias, holding above key moving averages. Immediate resistance is seen at $2,800, with the psychological $3,000 level acting as a medium-term cap. Support levels include $2,500, $2,493, and $2,322, with deeper structural support at $2,000 and $1,385.
XRP (XRP) extended its recovery, trading above $1.520 on Monday, with bulls eyeing the $1.90 mark. The cryptocurrency has maintained a bullish near-term bias, holding above key moving averages. Immediate support is seen at $1.395, with deeper structural support at $1.300 and $1.000. Resistance levels include $1.671 and $1.900, with a sustained break above these levels needed to unlock fresh bullish momentum.