Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) begin the week on a cautious note, trading near their respective support levels.
Market sentiment remains fragile following last week’s volatility, with BTC, ETH, and XRP correcting by nearly 10%, 14%, and 7%, respectively.
Bitcoin price faced rejection at the 38.20% Fibonacci retracement level at $106,453 last week and declined nearly 10%.
If BTC finds support around the 61.8% Fibonacci retracement level at $94,253, it could extend the recovery toward the 38.20% Fibonacci retracement level at $106,453.
The RSI on the daily chart is 33, rebounding from oversold territory, suggesting fading bearish momentum.
Ethereum price faced rejection at the previous broken trendline around $3,592 last week and declined by nearly 14%.
If ETH finds support around $3,017, it could extend the recovery toward the key resistance level at $3,592.
Like Bitcoin, Ethereum’s RSI is rebounding from oversold territory, suggesting fading bearish momentum.
XRP price found rejection from the 50-day EMA at $2.49 last week and declined nearly 7%.
If XRP continues its recovery, it could extend the rally toward the 50-day EMA at $2.49.
The RSI on the daily chart is 42, near its neutral level of 50, suggesting fading bearish momentum.
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