Crypto Market Hovers Near Key Support Levels Ahead of Monday's Trading Session

The cryptocurrency market is preparing for Monday's trading session, and traders are watching key support levels rather than anticipating a major breakout.

Bitcoin remains near $63,000 after a weak week, Ethereum struggles to regain the $1,900 mark, while XRP fights to defend the psychologically important $1 level. Thin weekend trading, cautious ETF demand, and uncertainty around US crypto regulation could shape the next move for BTC, ETH, and XRP on August 17.

According to market forecasts, Bitcoin is expected to remain range-bound between $62,300 and $64,000. The key battle will be between support near $62,300-$62,500 and resistance around $63,400-$64,000. Recent analysis has identified the $62,800-$63,000 region as an important downside area after Bitcoin failed to hold above $65,000.