- Bitcoin remains bearish unless buyers reclaim resistance above $69,000 and $71,200.
- Ethereum recovery stays fragile while price remains below all major moving averages.
- XRP must defend $1.05 support to preserve chances for a broader market recovery.
The cryptocurrency market continues to search for direction as Bitcoin, Ethereum, and XRP attempt to stabilize after months of selling pressure. While recent rebounds have improved short-term sentiment, technical indicators suggest the broader trend remains under pressure.
Bitcoin Price Prediction: BTC Struggles to Escape Larger Downtrend
Bitcoin remains trapped beneath several major moving averages despite recovering from its recent low near $59,500. The asset has managed to climb back toward the $64,000-$65,000 region, yet buyers have failed to generate enough momentum to challenge higher resistance zones.
The current structure continues to favor sellers. Lower highs and lower lows remain visible on the daily chart, while the 20-day, 50-day, 100-day, and 200-day exponential moving averages maintain a bearish alignment.
Immediate support sits between $64,000 and $64,900. However, a breakdown below that area could expose the June low near $59,500. Consequently, traders may watch the $57,000-$55,000 range as the next downside target.
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On the upside, Bitcoin must overcome resistance near $65,300 before targeting $69,000 and $71,200. A move above those levels would significantly improve the technical outlook and weaken the prevailing bearish narrative.
Ethereum Price Prediction: ETH Faces Resistance Near Key Moving Averages
Ethereum presents a similar technical picture. Although the asset rebounded sharply from its June bottom near $1,505, the recovery has yet to alter the dominant trend.
Price remains below all major moving averages, and each average continues to slope downward. Moreover, Ethereum has struggled to establish momentum above the 20-day EMA, highlighting persistent selling pressure.
The $1,730-$1,750 region currently acts as an important support zone. If that area fails, attention could quickly shift toward $1,620 and eventually the $1,505 swing low.
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Meanwhile, resistance emerges near $1,764 and $1,910. A breakout above those levels could open the path toward $1,985 and later $2,260. Until then, traders may continue treating rallies as temporary recoveries within a broader bearish cycle.
XRP Price Prediction: XRP Awaits Directional Breakout
XRP also remains under pressure despite holding above key support. The token trades near $1.13, while major moving averages continue to signal trend weakness.
Significantly, the $1.05 level has emerged as the most important support on the chart. Holding above that area preserves the possibility of a larger recovery. However, a decisive break could trigger renewed selling toward the psychological $1.00 mark.
Resistance remains concentrated between $1.18 and $1.25. Additionally, XRP must reclaim $1.30 and later $1.44 before any meaningful trend reversal can develop. The 200-day EMA near $1.55 remains the ultimate bullish hurdle.
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