Cryptocurrency Prices Pause Gains as Ripple Finds Support
Bitcoin (BTC) and Ethereum (ETH) prices have paused their gains after facing a slight pullback last week following their recent massive rallies. BTC currently trades around $77,900 on Monday, while ETH faces selling pressure near the key $2,500 resistance level.
The Relative Strength Index (RSI) for Bitcoin is at 69, hovering just below overbought territory, indicating that upside momentum may be becoming stretched. However, the Moving Average Convergence Divergence (MACD) remains positive, suggesting that bullish pressure still exists. On the topside, the next notable resistance level aligns with the horizontal barrier at $85,000.
Ethereum's price is currently trading at $2,421 on Monday, holding a bullish near-term bias as it remains comfortably above key Exponential Moving Averages (EMAs). The 50-day EMA at $2,101 and the 200-day EMA at $2,161 form a broad underlying demand zone that reinforces the constructive structure while ETH consolidates near recent highs.
Ripple (XRP) has corrected and found support around the key 200-day EMA level, which could determine its next directional move. XRP is currently trading at $1.350 on Monday, maintaining a broadly bullish near-term bias as it holds above the 50-day and 100-day EMAs.