Crypto Markets Stagnate as Bitcoin Faces Rejection

Bitcoin remains under pressure on Friday after facing rejection near the $64,637 resistance barrier. The price is currently trading at $64,318.

Ethereum has been stuck in a sideways trend for the last 22 days, trading between its 50-day and 100-day EMAs. The 200-day EMA sits well overhead, reinforcing a broader corrective backdrop.

Ripple continues to extend its losses, gravitating towards the $1 support zone. XRP's price has dropped over 5% this week.

The Relative Strength Index (RSI) for Bitcoin is near neutral, while the Moving Average Convergence Divergence (MACD) hovers just below the zero line with a slightly negative reading. Ethereum's RSI hints at moderate bullish momentum, but the MACD indicator suggests upside attempts may face supply.

XRP's RSI hovers just above oversold territory, and the MACD indicator holds below zero with a negative line, suggesting waning momentum but not yet signaling a clear reversal.