Crypto Prices Bounce Back from Correction

Bitcoin and other top cryptocurrencies are showing signs of recovery after a correction earlier in the week. BTC found support around $62,300 and is trading at $63,567 on Friday. Despite this, it still holds a bearish bias as it trades below its major trend averages.

Ethereum price has been trading sideways since mid-July, sitting above the 50-day EMA but remaining capped beneath the 100-day EMA. The near-term bias is neutral with a slight upward tilt. Immediate resistance for ETH appears at the 100-day EMA near $1,922.

Ripple price rebounded after finding support around the key $1.00 mark and is trading at $1.013 on Friday. Despite this recovery, XRP retains a bearish bias as it remains below its longer-term EMAs.