Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing mixed signals as of Friday, as the overall cryptocurrency market still struggles to regain balance after a strong sell-off during the week. Bitcoin extends its recovery after successfully bouncing from an important support zone. In contrast, Ethereum and XRP continue to face correction pressures, with prices closing below key support levels, thus maintaining short-term weakness risks.
Bitcoin recovers after retesting a critical support zone
Bitcoin’s price started the week on a less positive note, closing below several key support levels, including the 50-day exponential moving average (EMA) at $91,942 and the upper boundary of the previous accumulation zone around the psychological level of $90,000. However, on Wednesday, BTC showed signs of recovery, rising slightly after testing the midline of a parallel channel at $87,787, before extending its rebound in the next session. As of Friday, Bitcoin is trading around $89,900.
If the current recovery momentum continues, BTC is likely to further extend its gains, aiming to challenge the 50-day EMA at $91,942.
Daily BTC/USDT chart | Source: TradingView
In terms of momentum, the Relative Strength Index (RSI) on the daily timeframe is at 44 and trending toward the neutral 50 level, indicating weakening selling pressure. For a genuine bullish trend to be confirmed, RSI needs to break clearly above this neutral threshold. However, investors should remain cautious, as the MACD indicator has already formed a bearish crossover on Tuesday, suggesting that short-term correction risks are not entirely eliminated.
In a negative scenario, if Bitcoin closes below the support level of $87,787 on the daily chart, the price could continue sliding down to test the lower boundary of the accumulation zone at $85,569, coinciding with the 78.6% Fibonacci retracement level.
Ethereum fails to close above the daily resistance zone at $3,017
Ethereum’s price continues to face correction pressure, declining over 10% by Tuesday and closing below several important support levels, including the 50-day exponential moving average (EMA) at $3,135 and the daily support zone around $3,017. On Wednesday, ETH experienced a technical rebound but failed to regain the $3,017 level at close, before weakening again in the following session. As of Friday, Ethereum is fluctuating around $2,964.
In a negative scenario, if the $3,017 level continues to act as resistance, ETH is likely to extend its decline toward the 61.8% Fibonacci retracement—measured from the April low at $1,385 to the August all-time high at $4,956—around $2,749.
Daily ETH/USDT chart | Source: TradingView
Technical indicators are leaning toward a bearish trend. The Relative Strength Index (RSI) on the daily timeframe is at 40, below the neutral 50, reflecting dominant selling momentum. Meanwhile, the MACD indicator has formed a bearish crossover since Tuesday, further confirming short-term downside prospects.
Conversely, if ETH manages to recover and close firmly above the daily resistance zone at $3,017, the price could extend its upward move toward the 50-day EMA around $3,135.
Bearish XRP targets $1.77
XRP’s price faced strong resistance at the 50-day exponential moving average (EMA) around $2.04 last week, triggering an over 8% correction since the weekend. The decline caused XRP to close below the key daily support zone at $1.96 on Tuesday. Despite a slight recovery attempt on Wednesday, the coin failed to reclaim the $1.96 level and continued to weaken in the following session. As of Friday, XRP is trading around $1.91.
In a negative scenario, if selling pressure persists, XRP is likely to retest the December 19 low at $1.77.
Daily XRP/USDT chart | Source: TradingView
Notably, similar to Ethereum, XRP’s momentum indicators—including RSI and MACD—remain bearish, reinforcing the short-term correction outlook.
On the other hand, if buying interest returns strongly enough to push XRP back above the daily resistance zone around $1.966, the price could extend its recovery and challenge the 50-day EMA at $2.04.
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