As the Israel-Iran conflict enters its sixth day, the cryptocurrency market is showing remarkable resilience. Bitcoin, Ethereum, and XRP are all defending key support levels, with traders and investors maintaining a neutral outlook despite ongoing geopolitical tensions.
Bitcoin: Steady Above $100,000, Eyes on Breakout
Bitcoin (BTC) continues to trade comfortably above the $100,000 mark, consolidating near $103,000 and less than 10% away from its all-time high. Technical indicators present a mixed picture: the On-Balance Volume (OBV) shows divergence, hinting at a possible trend reversal, while the Relative Strength Index (RSI) sits at 48, reflecting indecision among traders. The MACD indicator, however, signals some negative momentum with red histogram bars below the neutral line.
If Bitcoin manages a bullish breakout from its current consolidation, it could retest resistance levels at $106,179 and $108,046, with a potential move toward the all-time high of $111,980. On the downside, a dip below $102,664 could trigger a sweep of liquidity at recent lows. Despite the uncertainty, long-term holders remain inactive, suggesting limited selling pressure and the potential for new highs later in the year .
Ethereum: Consolidation with Signs of Recovery
Ethereum (ETH) is holding above the $2,400 support level, consolidating as institutional capital continues to flow in. The MACD on the three-day chart shows weakening bullish momentum, but the RSI at 55 suggests mild optimism in the medium term. A daily close above $2,700 could open the door for a test of the psychological $3,000 level, though resistance at $2,879 remains a hurdle.
If Ethereum fails to hold its support, a move down to $2,400 is possible, but the overall trend remains constructive, with the asset less than 5% away from key support and showing resilience in the face of broader market uncertainty .
XRP: Rangebound but Defending Support
XRP is trading above $2.05, maintaining its range for a third consecutive week. The altcoin faces resistance at $2.44 and $2.65, with technical indicators showing mixed signals: the RSI is neutral at 50, and the MACD is slightly negative. A daily close above $2.26 could spark a move toward higher resistance levels, while a drop below $2.05 might see XRP test the psychologically important $2 mark.
Despite the sideways action, XRP has posted a 1.66% gain in the past 24 hours and is up 348% from recent yearly lows, highlighting its underlying strength. Market watchers are also keeping an eye on developments in the Ripple vs. SEC case, which could be a catalyst for future price action .
Market Sentiment: Neutral Amid Geopolitical Tensions
The broader crypto market sentiment remains neutral, with the Fear & Greed Index at 52. Traders appear unfazed by the Israel-Iran conflict, and the market’s muted reaction suggests a maturing asset class. ETF inflows and steady price action indicate that crypto is weathering the storm better than in previous cycles.
“On-chain data shows that long-term holders (LTH) of BTC remain relatively inactive, suggesting limited selling pressure at current levels. Historically, LTHs tend to increase selling during market peaks, and their current restraint may indicate expectations for higher prices before significant profit-taking begins. This positioning could pave the way for BTC to reach new highs in Q3 or Q4, following patterns seen in previous bull market cycles.” — Matteo Greco, Fineqia Senior Analyst
What’s Next?
• Bitcoin could break out toward new highs if it sustains above $106,800, with ETF inflows providing support.
• Ethereum’s next move hinges on breaking $2,700, with $3,000 as the next psychological target.
• XRP remains in a consolidation phase, but a close above $2.26 could trigger a rally toward $2.65 and beyond.
For more on the latest price action, and news, check out Bitcoin, Ethereum, and XRP .
