Bitcoin, Ethereum, and XRP recorded losses of over 4%, 6% and 10% respectively last week, extending their losing streak to five consecutive weeks as sellers maintained control below key Exponential Moving Averages, TradingPedia reported.
- Bitcoin trades near $75,530 on Monday, facing a dense overhead supply band anchored by the 50-day EMA at $79,327.
- Ethereum hovers around $2,155, with downside pressure targeting the psychological $2,000 support level.
- XRP changes hands close to $1.119, with an oversold Relative Strength Index of 28 pointing to ongoing downward momentum toward the $1.000 handle.
The broader digital asset market remains pressured as all three major cryptocurrencies struggle beneath critical technical thresholds. Bitcoin trades around $75,530 at the start of the week, staying below the 200-day EMA at $76,463, the 100-day EMA at $77,635, and the 50-day EMA at $79,327, according to TradingPedia.
Momentum indicators show subdued buyer participation across the board. Bitcoin's Relative Strength Index lingers in the high-30s while its Moving Average Convergence Divergence indicator holds firmly in negative territory, meaning selling interest continues to overshadow dip-buying demand.
Ethereum changes hands near $2,155, preserving a bearish near-term bias well below its 200-day EMA at $2,311 and the broken rising support trendline that gave way around $2,432. TradingPedia noted that the next support for Ether sits near the key $2,000 region, ahead of a lower horizontal base at $1,823.
Meanwhile, XRP trades around $1.119, positioned far beneath an EMA cluster spanning from $1.303 to $1.368. With its RSI dipping to 28, the asset faces immediate downside exposure toward the psychological $1.000 handle before any sustainable stabilization can occur.
| Asset | Monday Price | 50-Day EMA | 200-Day EMA | Key Support |
|---|---|---|---|---|
| Bitcoin (BTC) | $75,530 | $79,327 | $76,463 | $70,000 |
| Ethereum (ETH) | $2,155 | $2,372 | $2,311 | $2,000 |
| XRP (XRP) | $1.119 | $1.303 | $1.368 | $1.000 |
Recovery attempts across the sector face layered bands of overhead supply that will require substantial volume to clear. Bitcoin encounters its first major bullish confirmation zone at a horizontal barrier of $85,000, where buyers must regain control to invalidate the prevailing downward structure.
For XRP, initial resistance emerges near $1.160, followed by a stronger cap at $1.300 and the aforementioned EMA cluster. Sustained closes above these technical ceilings are required before altcoin markets can shift away from their current defensive posture.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
