Bitcoin Eyes Breakout as Ethereum and XRP Hold Key Support Levels
Bitcoin (BTC) is showing strong potential for a breakout after testing major resistance levels, while Ethereum (ETH) and Ripple (XRP) appear to be stabilizing at critical support zones.
Bitcoin Tests $85,000 Resistance
On Monday, Bitcoin briefly reached the $85,000 mark—a crucial psychological and technical barrier. This level also aligns with BTC’s 200-day Exponential Moving Average (EMA) and a key daily resistance point. Although the price retraced slightly to around $84,000, a decisive break and close above $85,000 could signal further gains.
Last Friday, BTC broke above a falling trendline formed from mid-January highs and surged 2.22% the following day. If Bitcoin closes above the $85,000 level, it could rally to the next major target at $90,000, with $95,000—its March 2 high—within reach if momentum continues. Conversely, failure to hold above resistance could see BTC drop to its next daily support at $73,072.
Ethereum Attempts to Reclaim Momentum
Ethereum has rebounded from a low of $1,449 last week, finding support and pushing back to around $1,638 as of Monday. Resistance lies near $1,700, a level that ETH has tested but not yet closed above. A successful close over this threshold may set up a run toward the next key barrier at $1,861.
However, if Ethereum fails to maintain support at $1,449, the price could slide back toward the $1,300 psychological support.
XRP Holds Gains, Eyes $2.50
Ripple (XRP) is holding firm after a volatile week. On Wednesday, XRP surged 14.28% to $1.95, breaking above its 200-day EMA. After a modest pullback, it retested the April 2 high of $2.23 on Sunday and is currently consolidating around $2.14.
A confirmed break and close above $2.23 could propel XRP toward $2.50, its March 24 high. Bulls remain optimistic as XRP steadies above its longer-term moving averages.
