Karla Barker 
Bitcoin (BTC), Ethereum (ETH), and XRP started the week on a positive note, continuing last week’s gains of more than 6%, 4%, and 2%, respectively. BTC held above $79,000, ETH closed above the 100-day Exponential Moving Average (EMA) at $2,353, and XRP maintained its breakout above the key $1.41 resistance zone. The near-term outlook for these top cryptocurrencies remains constructive, with strengthening momentum indicators suggesting the upside move may continue.
Bitcoin nears key $80,000 mark
Bitcoin price is trading above $79,000 on Monday, keeping a bullish near-term bias as it stays above the 50-day and 100-day EMAs at $73,421 and $75,667. It has also reclaimed the 50% retracement level at $78,962. Momentum remains positive, with the Relative Strength Index (RSI) on the daily chart hovering around 66 in bullish territory, while the Moving Average Convergence Divergence (MACD) remains in positive territory. This suggests buying pressure is still dominant, although it has cooled from recent highs.
On the upside, immediate resistance is at the psychological $80,000 level, followed by the 200-day EMA near $82,173 and the 61.8% Fibonacci retracement at $83,437. A sustained break above these could open the path toward the horizontal resistance at $84,410. On the downside, initial support is at the reclaimed 50.0% retracement at $78,962. The upper boundary of the parallel channel at $75,680 aligns with the 100-day EMA at $75,667, forming a dense demand zone. Below that, deeper pullbacks might find buyers around the 38.2% retracement at $74,487 and the lower channel boundary near $62,950.
Ethereum closes above key resistance zone
Ethereum price is trading at $2,388 on Monday after surging over 4% last week. It holds above the 100-day EMA at $2,353 and the 50-day EMA at $2,244, keeping the near-term tone constructive, though it still trades well below the 200-day EMA at $2,630. Price action has also moved above the 38.2% Fibonacci retracement of the latest downswing at $2,367, suggesting buyers are trying to extend the recovery. The RSI on the daily chart is around 59, indicating firm but not overextended bullish momentum. However, the mildly negative MACD reading warns that upside traction remains fragile.
On the topside, initial resistance is at the 50% retracement at $2,558, followed by the 200-day EMA at $2,630. The 61.8% retracement at $2,749 reinforces a broader supply zone. On the downside, immediate support comes from the reclaimed 38.2% retracement near $2,367, ahead of the 100-day EMA at $2,353. A deeper pullback would expose the 50-day EMA at $2,244. More significant deterioration could drag price back toward the top of the horizontal channel around $2,148 and the 23.6% Fibonacci level at $2,130, with the channel floor near $1,747 marking a major structural base.
XRP momentum shows early bullish signs
XRP is trading above $1.44 on Monday, up 2.62% from last week. It holds above the 50-day EMA at $1.41 but remains capped beneath the 100-day and 200-day EMAs at $1.52 and $1.76, which keeps the broader tone bearish despite the recent bounce. The RSI on the daily chart around 57 suggests improving but not overextended momentum. The MACD line is slightly positive, hinting that buyers are trying to consolidate gains within a broader downward parallel channel.
On the downside, immediate support is at the 50-day EMA near $1.41. A break below that exposes the horizontal floor at $1.30 and, in extension, the lower boundary of the descending channel around $0.80. On the topside, initial resistance lies at the 100-day EMA at $1.52, followed by the upper edge of the channel near $1.61. A sustained move above these barriers would bring the 200-day EMA at $1.76 into focus, ahead of the more distant horizontal resistance at $1.90.