Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) showed signs of recovery on Friday after a recent sell-off tested key support levels. Bitcoin held above its 50-day Exponential Moving Average (EMA) at $80,878, trading at $81,856. The cryptocurrency's short- and medium-term EMAs suggest a mildly bullish near-term bias, despite recent consolidation. Immediate resistance lies near $85,000, while deeper support is found at the 100-day and 200-day EMAs.
Ethereum stabilized around $2,409, holding above its 100-day and 200-day EMAs. The cryptocurrency has pulled back from late-February highs but remains above horizontal support near $2,400. Immediate resistance is seen at the 50-day EMA around $2,475, with deeper support between $2,365 and $2,316.
XRP traded at $1.320, maintaining a bearish near-term bias as it holds beneath its 100-day, 50-day, and 200-day EMAs. Immediate support is seen at the horizontal floor near $1.300, with resistance emerging at the 100-day EMA around $1.336. A decisive close below $1.300 could signal a deeper pullback.
The price action of these top three cryptocurrencies suggests a recovery if critical support levels hold. However, a decisive close below these levels could indicate a deeper correction.