BTC, ETH, XRP: Bulls Defend Key Support as Crypto Market Sees Mild Rebound
Bitcoin and Ethereum are showing signs of strength as bulls defend key support levels. Bitcoin price trades at $64,973 on Monday, holding above the 50-day Exponential Moving Average (EMA) at $64,693 but still capped by the 100-day EMA at $66,870 and the distant 200-day EMA at $72,245.
The Relative Strength Index (RSI) around 54 reinforces a balanced bias with a slight bullish tilt. The Moving Average Convergence Divergence (MACD) stays in positive territory, hinting that buying pressure is gradually rebuilding rather than surging.
Ethereum price trades at $1,918, holding a mild constructive bias as it hovers above the 50-day EMA at roughly $1,864 while still capped by the 100-day EMA near $1,924. The RSI around 56 hints at steady but not overextended bullish momentum.
Ripple price trades at $1.03 on Monday, rebounding slightly after correcting over 5% in the previous week. However, XRP is keeping a bearish near-term tone as it holds below the 50-day EMA at $1.10.