Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing early signs of a bullish recovery as prices climb toward critical resistance zones. Here’s a detailed look at the latest technical outlook and what to expect next.
Current Price Action:
Bitcoin has regained ground after slipping below $106,400 last week, currently hovering just below this key resistance. A daily candle close above this level could mark the start of a renewed bullish phase.
Bullish Scenario:
If BTC/USD closes above $106,400, the rally may extend toward its all-time high of $111,980. The Relative Strength Index (RSI) has rebounded from the neutral 50 level and now reads 54, pointing upward—signaling growing bullish momentum.
Bearish Scenario:
Failure to break above $106,400 could result in a retest of the psychological support at $100,000, with increased downside pressure likely if broader market sentiment weakens.
Current Price Action:
Ethereum has remained in a tight consolidation zone between $2,461 (200-day EMA) and $2,724 for almost a month. Currently, ETH is trading near the upper boundary, hinting at a potential breakout.
Bullish Scenario:
A close above $2,724 would pave the way for a rally toward the psychological $3,000 level. The RSI sits at 62, confirming bullish momentum is strengthening.
Bearish Scenario:
If Ethereum loses support at $2,461, a deeper correction toward the 50-day EMA at $2,329 may unfold.
Current Price Action:
XRP fell below support at $2.23 on Friday but has since rebounded steadily. It is now approaching its 50-day EMA resistance at $2.27.
Bullish Scenario:
A daily close above $2.27 could confirm bullish continuation, with the next resistance target near $2.72.
Bearish Scenario:
If XRP gets rejected at current levels, support could be retested near $2.10 or lower. The RSI at 47 is climbing toward the neutral 50 zone, suggesting bearish pressure is fading.
All three major cryptocurrencies—BTC, ETH, and XRP—are showing resilience near key support levels. Traders should closely monitor:
If breakouts hold, the crypto market could be entering a new bullish phase in June 2025.
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