BTC Takes Breather as ETH and XRP Maintain Bullish Footing

Bitcoin (BTC) is taking a breather after holding steady above $78,000, while Ethereum (ETH) and Ripple (XRP) maintain their bullish footing. The cryptocurrency market has been experiencing a broadly constructive tone on Wednesday.

The Relative Strength Index (RSI) for Bitcoin has eased to around 61, indicating moderated but still positive momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains below the signal line, suggesting that the latest advance is slowing rather than reversing the broader bullish structure.

Ethereum price trades at $2,494 on Wednesday, maintaining a constructive bullish bias as it holds well above the 50-day, 100-day, and 200-day EMAs clustered between roughly $2,110 and $2,215. Ripple (XRP) is trading at $1.416 midweek, holding a constructive bullish bias as price remains above the key EMAs clustered between roughly $1.242 and $1.354.

The technical analysis suggests that Bitcoin's upside momentum is moderating after the recent impulsive advance, while Ethereum and Ripple continue to show positive but not yet overbought momentum.