A confirmed move below $62,000 could create a new lower low and increase the chance of a deeper decline in the following weeks. On the upside, a move above $65,500 could weaken the current bearish setup and allow Bitcoin to move higher.
Ethereum Struggles Below $2,000
Ethereum is also moving within a range and continues to face resistance around $1,940-$1,970. $ETH has support around $1,800-$1,830, while the wider support zone sits between approximately $1,500 and $1,600.
A sustained move above $1,970-$1,980 could improve Ethereum’s outlook and bring $2,130-$2,150 into focus. Above that range, the next resistance area is near $2,400.
The bearish divergence on the daily chart remains active, which could keep $ETH moving sideways in the near term rather than starting a strong rally.
$XRP Holds Around $1
$XRP remains weaker than Bitcoin and Ethereum. The weekly trend is still bearish, with the next major support around $0.93.
On the daily chart, $XRP is holding close to the $1 level and is showing a possible bullish divergence between its price and RSI. The signal, however, has not been confirmed yet.
A stronger rebound accompanied by several positive daily closes could confirm the setup and lead to some relief over the next one to two weeks.
$XRP could still lag Bitcoin during such a move because it has underperformed for an extended period.
What Traders Are Watching Now
For Bitcoin, $62,000 and $65,500 remain important levels. For Ethereum, attention is on $1,970, while $XRP needs to defend $1 and show stronger buying activity.
A decisive move through these levels could provide a clearer picture of whether the current recovery can continue or whether Bitcoin, Ethereum and $XRP remain trapped within their existing ranges.
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