Bitcoin (BTC) rose more than 2% on Monday, trading above $90,000. The intraday action hints at a bullish Marubozu, with the 50-day EMA at $92,202 in sight. A decisive close above $92,202 would confirm the breakout of the triangle pattern. If that breakout occurs, the November 15 high near $96,846 and the 200-day EMA at $101,029 could serve as resistance.
Ethereum trades above $3,000, marking its fourth consecutive day in an uptrend. At the time of writing, ETH is up over 3%, approaching the 50-day EMA at $3,136. If ETH exceeds this moving average, it could extend the rally to the 200-day EMA at $3,374, implying an 11% upside from current prices. Similar to BTC, the momentum indicators on the daily chart signal renewed strength, with the RSI at 51 and the MACD diverging higher.
XRP is up over 2% by press time on Monday, approaching the resistance trendline of a falling wedge pattern near $1.94, and a clear breakout could target the 50-day EMA at $2.06. The RSI is at 45, inching toward the midline and indicating a drop in selling pressure. Meanwhile, the MACD extends an upward trend after crossing above the signal line on Saturday, indicating renewed bullish momentum. If XRP fails to hold above $1.90, it could retreat toward $1.79.
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