Bitcoin, Ethereum and XRP started the new week with signs of stability after posting steep losses during the previous trading sessions. The three largest cryptocurrencies by market capitalization remain under technical pressure but recent price action shows that selling has slowed near important support levels.
Bitcoin recovered near $60,000, Ethereum continued to trade above $1,500 and XRP defended the $1.00 mark. At the same time, traders continued monitoring macroeconomic developments, exchange flows and technical indicators for signs of the market's next move.
Bitcoin traded back above $60,000 after falling nearly 6% over the previous week. The rebound came as the market attempted to stabilize following broad selling across digital assets. Despite the recovery, Bitcoin remained below its 50-day, 100-day and 200-day exponential moving averages showing that the broader trend has not changed.
The Relative Strength Index stayed close to 33, placing Bitcoin just above oversold conditions. The MACD also remained slightly negative, although selling momentum appeared to weaken. Traders continued watching resistance around $64,000, followed by the major moving averages near $66,971, $70,591 and $76,516. Until those levels are reclaimed, the latest recovery remains limited.
Ethereum traded near $1,585 and continued holding above the $1,500 support area. The asset also remained below its major moving averages, leaving the broader technical structure under pressure. However, the RSI remained near oversold territory, while the MACD turned slightly positive, showing that downside momentum had eased.
If Ethereum continues higher, resistance stands near the 50-day EMA around $1,833, followed by the $2,000 area and the 100-day EMA near $2,010. On the downside, traders continued watching $1,500 closely because a break below this level could expose support near $1,385.
XRP traded around $1.05 while defending the psychological $1.00 support level. The token also stayed below its major moving averages and beneath a descending price channel. Its RSI remained near 33, while the MACD continued to show weak momentum. Resistance remained near $1.19, followed by $1.21 and $1.30.
Market participants also monitored activity on Binance after the exchange recorded more than $400 million in weekly net outflows during the week beginning June 22. The reported outflows represented a small share of the exchange's total tracked assets although Binance recorded the largest weekly net outflows among major exchanges.
The movement came ahead of the European Union's Markets in Crypto-Assets transition deadline and followed Binance's withdrawal of its MiCA license application in Greece.
Broader market conditions also remained tied to global developments. Reports that the United States and Iran agreed to halt strikes and resume talks lifted equity futures, but cryptocurrencies showed only a limited response.
Bitcoin traded near $59,700, while Ether posted modest gains and XRP remained under pressure. Market participants also continued monitoring upcoming US economic data, including the Personal Consumption Expenditures report, for additional direction.
For now, Bitcoin, Ethereum and XRP have stabilized near important support levels. Traders continue watching whether buyers can maintain those areas while the market reacts to technical signals and broader economic developments.
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