Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) begin the week on a cautious note after slipping over 3%, 1.5%, and 3.5%, respectively, in the previous week. BTC finds support around the key $62,300 level while ETH continues to trade sideways. Meanwhile, XRP hovers around $1.00, with weakening momentum suggesting deeper losses.
Bitcoin finds support around key $62,300 mark
Bitcoin price trades at $63,135 on Monday, holding a bearish near-term bias as it remains capped beneath the 50-day Exponential Moving Average (EMA) at $64,306 and well below the 100-day and 200-day EMAs at $66,388 and $71,800, respectively.
Momentum readings reinforce the downside skew, with the Relative Strength Index (RSI) hovering at 44 in neutral-to-weak territory and the Moving Average Convergence Divergence (MACD) indicator entrenched in negative territory, suggesting lingering selling pressure despite the recent stabilization above $63,000.
On the topside, initial resistance is located at the 50-day EMA near $64,306, with a stronger cluster emerging around the 38.2% Fibonacci retracement of the latest swing at $65,547 and the 100-day EMA at $66,388, just ahead of the horizontal barrier at $66,500; a daily close above this zone would be needed to ease the current bearish tone and open the way toward the 50% retracement level at $67,940.
On the downside, immediate support is seen at the 23.6% Fibonacci retracement at $62,586, followed by the horizontal floor at $62,300, where a break would likely expose deeper losses toward the lower end of the broader range.
Ethereum continues to be range-bound
Ethereum price trades at $1,892 on Monday, holding above the 50-day EMA at $1,867 but remaining capped beneath the 100-day EMA at $1,919; it has traded sideways since mid-July.
The RSI near 53 hints at modest positive momentum, yet the MACD stays negative, suggesting buying pressure is tentative rather than impulsive.
On the topside, initial resistance sits at the 100-day EMA around $1,919; a break there would expose the psychological horizontal barrier at $2,000 before the more strategic 200-day EMA at $2,118.
On the downside, the 50-day EMA at $1,867 provides immediate support; a daily close below this level would open the door to the more distant horizontal support zone near $1,385, where a major structural floor emerges on the longer-term chart.
XRP shows caution signals
XRP price trades at $1.00 on Monday, keeping a bearish bias as price holds beneath the 50-day EMA at $1.07 and the 100-day EMA at $1.15. The broader trend backdrop remains heavy with the 200-day EMA far above at $1.35, while the RSI around 37 and a negative MACD reading both hint at lingering downside pressure rather than an imminent bullish reversal.
On the topside, initial resistance emerges at the 50-day EMA near $1.07, followed by the 100-day EMA around $1.15 and the horizontal barrier at $1.30, with a more distant cap reinforced by the 200-day EMA near $1.35 and the structural high around $1.90.
On the downside, immediate support is aligned with the psychological and horizontal floor at $1.00, where a sustained break would expose fresh lows and deepen the prevailing bearish structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
