Crypto Market Recovery: BTC Holds Above 50-Day EMA, ETH Eyes Breakout

The cryptocurrency market has shown signs of recovery in recent days, with Bitcoin (BTC) and Ethereum (ETH) displaying strength. BTC hovers above the 50-day EMA at $64,693 after gaining 2% in the previous week, while ETH is nearing the 100-day EMA around $1,924.

The Relative Strength Index (RSI) for both currencies suggests a balanced bias with a slight bullish tilt. The Moving Average Convergence Divergence (MACD) remains in positive territory for BTC and slightly negative but improving for ETH.

XRP, on the other hand, has rebounded to around $1.03 after correcting over 5% last week. However, it still holds a bearish near-term tone as it remains below key moving averages.