Crypto Markets Pause as Bitcoin Holds Support, XRP Tests

On the topside, the first hurdle is the 50-day EMA near $64,633, followed by the 100-day EMA around $66,837, and then the more distant 200-day EMA at approximately $72,804. These levels create a multi-layered zone of supply that bulls would need to overcome to alter the prevailing bias.

On the downside, initial support appears around $63,430, near the area of a previously broken upward-sloping trendline. A sustained move below this region would likely open the door to deeper corrective losses. Holding above it, however, keeps BTC confined to a consolidation phase beneath the dominant EMAs.

Ethereum: Supported by 50-day EMA, Capped by Overhead Supply

Ethereum trades near $1,877, holding just above its 50-day EMA at $1,863 while remaining constrained beneath the 100-day EMA at $1,924 and the 200-day EMA around $2,123. This setup points to a neutral to mildly bearish short-term stance, with price trapped between near-term trend support and substantial resistance above.

Momentum signals are mixed. The RSI hovers around 50, and the MACD remains below the zero line with a negative histogram. This suggests that upside efforts may struggle to gain traction while ETH trades under the higher EMAs.

The first resistance level is the 100-day EMA near $1,924. A sustained push through this zone would clear a path toward the more consequential barrier at the 200-day EMA around $2,123. On the downside, immediate backing is provided by the 50-day EMA at $1,863. A daily close below this reference would signal scope for a deeper retracement, leaving ETH vulnerable to additional weakness as buyers surrender the short-term trend floor.

XRP: Bearish Tone Persists Around $1.00

XRP trades slightly above $1.00, extending its bearish short-term tone as it remains firmly below the 50-day, 100-day, and 200-day EMAs. These overhead averages reinforce a capped structure and underline ongoing selling pressure.

On the daily chart, the MACD stays under the zero line, consistent with persistent downside bias, while the RSI at 34 sits just above oversold territory. This combination indicates that bears retain control even as the market approaches stretched conditions.

Nearby resistance is seen at the 50-day EMA around $1.10, followed by the 100-day EMA at $1.18 and the 200-day EMA near $1.37. Together, they create a layered zone that XRP would need to reclaim to temper the current negative sentiment. Additional declines would likely be guided by earlier lows and psychological markers at $1.00 and $0.95. Only a firm move back above the cluster of EMAs would begin to signal a shift toward stabilization.