Bitcoin Eyes $85K Breakout While Ethereum and XRP Show Signs of Recovery

The crypto market started the week with cautious optimism as Bitcoin (BTC) approached a key resistance level, while Ethereum (ETH) and Ripple (XRP) stabilized after finding support near crucial technical levels.

Bitcoin (BTC) Nears Critical Resistance at $85,000

Bitcoin continued its upward momentum from last week, briefly pushing above a descending trendline that has capped its price since mid-January. On Friday, BTC closed above this trendline and gained 2.22% on Saturday. However, it was met with resistance at the $85,000 mark on Sunday — a level that coincides with both daily resistance and the 200-day Exponential Moving Average (EMA).

As of Monday, Bitcoin is trading around $84,000. A decisive breakout and close above $85,000 could spark a rally toward the psychological barrier of $90,000. If bullish momentum continues, BTC could even test its March 2 high of $95,000.

The Relative Strength Index (RSI) is currently flat around 50, signaling indecision among traders. A move above this neutral level would likely confirm a bullish trend. On the downside, failure to hold above $85,000 could lead BTC to revisit its next support at $73,072.

Ethereum (ETH) Eyes Recovery Above $1,700

Ethereum found support last week around $1,449 and is currently hovering near $1,638. The asset saw a modest rebound but has struggled to break through the $1,700 resistance level.

A daily close above $1,700 would likely open the door for a push toward the next resistance at $1,861. The RSI, now at 42, is climbing after rebounding from oversold territory, hinting at fading bearish momentum. For sustained recovery, RSI must break above the neutral 50 level.

If Ethereum fails to stay above $1,449, it risks a further drop toward the key psychological level of $1,300.

XRP Stabilizes, Targets $2.50 if Momentum Holds

XRP has shown notable strength, bouncing back 14.28% and breaking through its 200-day EMA at $1.95 last week. After a brief pullback, XRP retested its April 2 high of $2.23 on Sunday and currently trades around $2.14.

A break and close above $2.23 could propel XRP toward its March 24 high of $2.50. The RSI sits at 50 and is trending upward, supporting the case for a continued rally. Maintaining this momentum is key for bulls aiming higher.

However, if XRP falls below its 200-day EMA, the next support level sits at $1.77.

Summary

The week kicks off with Bitcoin testing a major resistance at $85,000, while Ethereum and XRP look poised for recovery if key levels are reclaimed. Market momentum remains cautious, and traders are watching for confirmation signals on the charts, particularly in RSI trends and daily closes.