Crypto Market Struggles Continue as BTC, ETH, and XRP Face Resistance

Bitcoin and Ethereum are struggling to regain momentum in the current market environment. Despite attempts by buyers to protect their recovery phases, both assets remain below their key moving averages.

BTC trades near $63,492, with sellers maintaining control over the short-term trend. The 20-day, 50-day, 100-day, and 200-day exponential moving averages all sit above its current price, making it a challenging task for BTC to break above major resistance zones.

The first major challenge for BTC appears near the $64,231 level, which matches the 20-day EMA. Additionally, BTC faces resistance between $64,919 and $65,204. A stronger recovery could push prices toward $67,200 and $67,600.

Ethereum, on the other hand, trades around $1,884 while buyers protect its recent recovery attempt. However, ETH remains below the 100-day and 200-day moving averages.

$XRP continues to face a difficult recovery path, trading near $1.056 as it struggles to regain bullish strength after failing to break important resistance zones.