The crypto market is showing renewed momentum as Bitcoin, Ethereum, and XRP edge closer to significant technical thresholds, hinting at potential breakouts that could shape the next phase of price action. Here’s a fintech-focused breakdown of the latest trends and what to watch for next.
Bitcoin (BTC): Testing the Path to New Highs
Bitcoin has posted a solid 5% gain over the past two days, rebounding from a recent low of $98,200 and now trading above its 50-day Exponential Moving Average (EMA) at $103,352. As of Wednesday, BTC is holding steady around $106,500. The technical outlook is positive: the daily Relative Strength Index (RSI) sits at 54, signaling bullish momentum, while the Moving Average Convergence Divergence (MACD) indicator is on the verge of a bullish crossover. If this upward trend continues, Bitcoin could retest its all-time high of $111,980 set in May. However, a close below the 50-day EMA could see the price revisit the $98,200 support zone .
BTC/USDT daily chart
Ethereum (ETH): Eyeing a Break Above Resistance
Ethereum has rallied nearly 10% since Monday, closing above its 50-day EMA at $2,425 and now approaching a key resistance at $2,461. A daily close above this level could open the door for a move toward the next resistance at $2,724. The RSI is hovering near the neutral 50 mark, suggesting that bullish momentum is present but not yet dominant. The MACD is also close to a bullish crossover, which would reinforce a positive outlook. If ETH fails to break resistance, a pullback toward the recent low of $2,111 is possible.
ETH/USDT daily chart
XRP: Poised for a Technical Breakout
XRP has rebounded 8,55% after testing support at $1,96 and is now approaching its 50-day EMA at $2,21. A decisive daily close above this level could trigger a rally toward the May 23 high of $2,47. Like Ethereum, XRP’s RSI is near 50, indicating that momentum could swing either way, while the MACD is close to a bullish crossover. If XRP faces rejection at the EMA, a retest of the $1,96 support is likely .
XRP/USDT daily chart
What’s Driving the Moves?
• Technical Indicators: All three assets are showing signs of bullish momentum, with RSI readings above or near neutral and MACD indicators hinting at potential buy signals.
• Market Sentiment: Recent gains suggest renewed investor confidence, but key resistance levels must be cleared for sustained rallies.
• Risk Factors: Failure to break above resistance could lead to short-term corrections, especially if broader market sentiment shifts.
