.png){kind=logo}
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) all remain in the red for today, with BTC leading the decline by 1%. CoinMarketCap’s Fear and Greed Index stands at 39, well below neutral territory, indicating sellers remain dominant.
BTC trades at $65,591.55, with a decline of 1.01% in the last 24 hours but remains up 1.42% in the past seven days. With the second consecutive day of decline, BTC edges lower to the 50-day Exponential Moving Average (EMA) at $65,108. Technically, BTC remains capped below the key resistance at $67,253. A decisive close above this level could take the asset toward the 100-day EMA at $67,525 in the near term, followed by the 200-day EMA at $73,780.
Momentum indicators continue to show an uptrend. The Relative Strength Index (RSI) stands at 57.35, while the Moving Average Convergence Divergence (MACD) and its signal line remain above their zero line, suggesting ongoing bullish pressure.
On the downside, immediate support can be seen at $65,108. As long as BTC remains above this level, the bullish structure will be intact. However, a break below this level would expose the deeper correction toward the psychologically important $60,000 level.
ETH continues to trade above the $1,900 level, holding a near-term bullish bias as it remains above the 50-day EMA at $1,830.2. ETH moves toward the 100-day EMA at $1,936.5 and the psychologically crucial $2,000 level, where these levels form successive resistance barriers followed by the 200-day EMA at $2,192.
The RSI stands at 63.45, which suggests bullish momentum without being in overbought conditions, while the MACD also remains in positive territory, suggesting buyers remain in control.
On the downside, immediate support is at the 50-day EMA at $1,830.2, while a deeper correction could take the asset toward $1,531.1.
Also Read: Ethereum Staking Reaches All-Time High, Fueling ETH Supply Squeeze
Why this Matters
Persistent seller dominance and a Fear and Greed Index of 39 keep major cryptocurrencies under pressure. Holding key 50-day EMAs across Bitcoin, Ethereum, and XRP are critical to preventing a broader market breakdown toward deeper support levels.
XRP trades at $1.13 on Thursday with a corrective bias below the 50-day EMA at $1.1448 and remains well below the 200-day EMA at $1.4343. The asset has bounced from last week’s low of $1.06, but breakout attempts are capped by the overhead moving-average structure.
Momentum indicators show improving conditions as RSI stands at 54.94, holding with a bullish bias without being overbought, while MACD and signal line are moving upward with the histogram expanding positively.
On the upside, immediate resistance is at the 50-day EMA at $1.1448, followed by the $1.15 level. On the downside, initial support is at $1.11, followed by a deeper support level at $1.06, and if the selling accelerates, the psychologically important $1 level can be tested.
The 50-day EMA often acts as a key dynamic support during an uptrend. Holding above this level could preserve Bitcoin's bullish structure, while a breakdown may trigger a deeper correction toward the $60,000 psychological support.
Ethereum faces immediate resistance near the 100-day EMA at $1,936.5, followed by the $2,000 psychological level. A sustained move above these levels could pave the way toward the 200-day EMA near $2,192.
A reading of 39 suggests the market is in the "Fear" zone. This typically reflects cautious investor sentiment, although prolonged fear has historically preceded potential buying opportunities in crypto markets.
XRP is trading just below its 50-day EMA at $1.1448, making this the immediate resistance level. A successful breakout above it could strengthen bullish momentum, while failure may see the token revisit support around $1.11 and $1.06.
The Relative Strength Index (RSI) for BTC, ETH and XRP remains above 50, indicating positive momentum. Meanwhile, the MACD stays in positive territory across all three cryptocurrencies, suggesting buyers continue to retain medium-term control despite recent price weakness
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
