BTC Extends Winning Streak, ETH Closes Above Key Hurdle
Bitcoin (BTC) and Ethereum (ETH) prices have been on the rise, while Ripple's XRP price has stabilized. BTC is holding above key technical resistance after its fourth consecutive weekly gain, with a current price of $65,199. This comes as ETH closes above the 100-day Exponential Moving Average (EMA), signaling a bullish move ahead.
Ethereum's recent advance is supported by the medium-term trend, according to technical analysis. The Relative Strength Index (RSI) for ETH is near 62, indicating firm but not extreme upside momentum. On the topside, initial resistance emerges at the psychological $2,000 mark for ETH, while on the downside, immediate support is provided by the 100-day EMA around $1,934.
Ripple's XRP price has steadied at $1.10, but momentum indicators suggest only mild upside bias. The RSI hovers near the neutral 50 line at 49, and the MACD remains marginally positive, hinting at modest recovery attempts within a broader corrective phase.