• Bitcoin price approaches the 50-day EMA at $73,000 on Monday after rallying over 10% in the previous week.
• Ethereum breaks and closes above upper channel boundary , suggesting a bullish move ahead.
• XRP nears the mid-point of the descending channel, with improving momentum, suggesting an upside move ahead.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing signs of strength on Monday after rallying by 10%, 12% and 8%, respectively, in the previous week. BTC is approaching a key technical resistance, ETH has confirmed a bullish breakout, while XRP is showing improving momentum near the midpoint of its descending channel. The top three cryptocurrencies by market capitalization are signaling a potential continuation of the upward momentum in the upcoming days.

Bitcoin could extend gains if it closes above the 50-day EMA

Bitcoin price is trading at $72,300 on Monday. The near-term bias is mildly bullish as price pushes against the upper boundary of the parallel channel that has framed lower highs since early February. Daily closes remain well below the 50-day and 100-day Exponential Moving Averages (EMAs), which still hover in the upper 70,000s and mid-80,000s, acting as broader dynamic resistance.

The Relative Strength Index (RSI) on the daily chart around 56 exits the mid-range and signals improving upside momentum, while the Moving Average Convergence Divergence (MACD) indicator holds above the signal line and zero line with a positive histogram, further suggesting a positive outlook.

Immediate resistance aligns with the channel top near $72,600, followed by the 50-day EMA at $72,790. A sustained daily close above the 50-day EMA would open the path toward the 100-day EMA near $79,430, shifting the focus to a more durable bullish phase.

On the downside, initial support emerges at $71,000, with deeper protection at $69,900, where prior reaction lows coincide with a volume bulge. A move below that level would weaken the current bullish tone and risk a slide toward $68,400, followed by the channel floor and recent swing low around $65,900.

Ethereum closes above key resistance zone

Ethereum price is trading at $2,170 on Monday, after closing above the upper boundary of the channel on near $2,148 on Sunday. The near-term bias turns mildly bullish as price pushes above this resistance zone that had capped advances below roughly $2,148, hinting at an early break from the prior bearish structure.

Momentum conditions back this improvement: the RSI on the daily chart holds in the high‑50s after recovering from sub‑30 readings, while the MACD showed a bullish crossover and is in positive territory with a positive histogram, indicating strengthening upside pressure despite price still trading well below the declining 50‑day and 100‑day EMAs.

Immediate resistance emerges near the 50-day EMA at $2,207, followed by the 38.2% Fibonacci retracement at $2,380, measured from the $3,402 high to the $1,747 low.

On the downside, initial support comes at the broken channel top around $2,150, followed by the psychological $2,000 area, where recent consolidation developed. A deeper pullback would expose stronger support closer to $1,950, and only a drop back inside the former channel toward $1,750 would undermine the nascent bullish bias.

XRP nears the mid-point of a descending channel

XRP is trading at $1.43 on Monday, up over 8% from the previous week. Price remains embedded within a descending parallel channel from above $2.80, preserving a bearish medium-term structure, yet the latest bounce from the lower half of the channel tilts the near-term bias to a cautious bullish correction. 

XRP holds above the recent $1.35–$1.36 cluster while daily closes grind higher, and the RSI on the daily chart at 52 signals improving momentum after lifting through the 50 line. The MACD indicator is above its signal line in positive territory, with a modestly expanding histogram, suggesting strengthening upside pressure as sellers lose control, even though price still trades well below the declining 50-day and 100-day EMAs.

Immediate support emerges at $1.36, ahead of the $1.30 horizontal level that coincides with the lower sector of the descending channel and acts as a pivotal floor for the nascent rebound. A break below $1.3000 would expose the channel base near $1.10 and reopen the broader downside. 

On the topside, initial resistance is seen near $1.4500, with a daily close above this area opening the way toward $1.50 and then the upper band of the channel near $1.90, where a horizontal resistance line also aligns. Only a sustained push through $1.90 would neutralize the prevailing channel-driven downtrend and transition XRP into a more decisive bullish phase.

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