• Bitcoin maintains a near-term bullish bias, trading above $79,000 on Monday after surging 6.5% the previous week.
• Ethereum closes above 100-day EMA at $2,353, signaling a bullish move ahead.
• XRP holds above key resistance at $1.41, indicating strengthening bullish momentum and opening the door for further upside.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) begin the week on a constructive note, extending gains after surging over 6%, 4% and 2% last week. BTC holds above $79,000, ETH closes above the 100-day Exponential Moving Average (EMA) at $2,353, while XRP continues to defend its breakout above the key $1.41 resistance zone. The near-term outlook for these top three cryptocurrencies remains constructive, with strengthening momentum indicators suggesting the upside move will continue.

Bitcoin nears key $80,000 mark

Bitcoin price is trading above $79,000 on Monday, maintaining a bullish near-term bias as price holds above the 50-day and 100-day EMAs at $73,421 and $75,667, respectively. BTC has also reclaimed the 50% retracement at $78,962. 

Momentum remains constructive, with the Relative Strength Index (RSI) on the daily chart hovering in bullish territory around 66, while the Moving Average Convergence Divergence (MACD) remains in positive territory, suggesting that buying pressure is still dominant despite some cooling from recent highs.

On the topside, immediate resistance lies at the psychological $80,000 handle, followed by the 200-day EMA near $82,173 and the 61.8% Fibonacci retracement at $83,437; a sustained break above these barriers would open the way toward the horizontal cap at $84,410.

On the downside, initial support is provided by the reclaimed 50.0% retracement at $78,962, with the upper boundary of the parallel channel at $75,680 aligning with the 100-day EMA at $75,667 to form a dense demand cluster; below that, deeper pullbacks could 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% in the previous week. ETH 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 pushed over the 38.2% Fibonacci retracement of the latest downswing at $2,367, suggesting buyers are attempting to extend the recovery while the RSI on the daily chart is around 59, which hints at firm but not overextended bullish momentum; the mildly negative MACD reading, however, warns that upside traction remains fragile.

On the topside, initial resistance is seen at the 50% retracement at $2,558, followed by the 200-day EMA at $2,630, with the 61.8% retracement higher up at $2,749 reinforcing a broader supply zone.

On the downside, immediate support emerges at 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, while 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 indicators show early signs of bullish bias

XRP is trading above $1.44 on Monday, up 2.62% from the previous week. XRP is holding above the 50-day EMA at $1.41 but is still capped beneath the 100-day and 200-day EMAs at $1.52 and $1.76, respectively, which keeps the broader tone bearish despite the recent bounce. 

The RSI on the daily chart around 57 suggests improving but not overextended momentum, while the MACD line remains slightly positive, hinting that buyers are attempting to consolidate gains within a broader downward parallel channel.

On the downside, immediate support is seen at the 50-day EMA near $1.41, with a break exposing 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 then bring the 200-day EMA at $1.76 into focus, ahead of the more distant horizontal resistance at $1.90.

(The technical analysis of this story was written with the help of an AI tool.)