Cryptos Hold Ground Amid Market Volatility

Bitcoin's recent price action has shown signs of recovery, but it remains within a wide trading range. The cryptocurrency has been holding above $62,000-$62,200, which is an important downside area. A confirmed move below this level could create a new lower low and increase the chance of a deeper decline in the following weeks.

Ethereum is also moving within a range, facing resistance around $1,940-$1,970. It has support around $1,800-$1,830, while the wider support zone sits between approximately $1,500 and $1,600. A sustained move above $1,970-$1,980 could improve Ethereum's outlook.

$XRP remains weaker than Bitcoin and Ethereum, with a bearish weekly trend. The next major support around $0.93 is still in place. However, the daily chart shows a possible bullish divergence between its price and RSI, which could lead to some relief over the next one to two weeks if confirmed.