Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing signs of stabilization at the start of the week, each holding above crucial support zones after recent declines. While BTC struggles to regain momentum near $112,000, ETH and XRP are finding their footing, opening the door for potential short-term recoveries.
Bitcoin shows signs of recovery
Bitcoin price failed to hold above $116,000 on September 19 and declined by 6%, reaching a low of $108,631 on Thursday. The cryptocurrency staged a modest rebound over the following three sessions, trading near $111,700 on Monday.
A sustained close above the 50-day Exponential Moving Average (EMA) at $113,232 could reinforce bullish momentum and allow BTC to retest the daily resistance at $116,000.
The Relative Strength Index (RSI) reads 45 on the daily chart, pointing upward and approaching the neutral 50 level, signaling fading bearish momentum. A decisive move above 50 would strengthen the recovery outlook.
On the downside, failure to close above the 50-day EMA could push BTC lower toward the next daily support at $107,245.
Ethereum could extend recovery if $4,232 is reclaimed
Ethereum price dropped 7.36% last week after losing support at $4,232 but rebounded after testing the 100-day EMA at $3,863 on Friday. By Sunday, ETH had recovered 7.10% and trades around $4,100 on Monday.
If ETH closes above $4,232, the next target lies at the daily resistance of $4,488. Its RSI stands at 42, trending higher toward the neutral 50 level, indicating diminishing bearish pressure.
A failure to reclaim $4,232 could leave ETH vulnerable to a renewed decline toward the 100-day EMA at $3,863.
XRP shows fading bearish momentum
Ripple’s XRP retested resistance at $2.93 on Thursday before correcting 6.23% and touching daily support at $2.72 the following day. It rebounded 4.52% into Sunday and trades near $2.86 on Monday.
A close above $2.93 could open the way to the key psychological level at $3. The RSI, like BTC and ETH, suggests waning bearish momentum but still needs to break above the 50 threshold to confirm a stronger bullish recovery.
Alternatively, if sellers regain control, XRP could retreat back toward support at $2.72.
