BTC, ETH, XRP gently rebound, will the next step be a breakout or a pullback?

On August 27, the three core assets of the crypto market, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), showed signs of a mild rebound after experiencing a previous pullback. The technical indicators suggest that bearish momentum is weakening, and market sentiment is gradually turning optimistic, with investors following whether a new round of pump can be expected in the short term.

Bitcoin (BTC): Hold the 100-day EMA key support

(Source: Trading View)

Current price: approximately 111,300 USD

Technical Analysis: BTC quickly rebounded after breaking below the 100-day EMA ($110,841) on August 25 and is currently holding steady at that support level.

Resistance level: $116,000

Support level: $103,831 (200-day EMA)

RSI: 41, below neutral 50, needs to break through the neutral zone to solidify the rebound trend.

Short-term outlook: If the 100-day EMA holds, BTC is expected to challenge $116,000; if it breaks down, it may retest the support at $103,831.

Ethereum (ETH): Aiming for a New Historical High

(Source: Trading View)

Current price: approximately 4,580 USD

Technical Analysis: ETH fell back after reaching an all-time high of $4,956 on August 24, but rebounded 5% on Tuesday, standing above the resistance level of $4,488.

Resistance level: $4,956 (historical high)

Support level: $4,232

RSI: 57, above the neutral 50, indicating strong bullish momentum.

Short-term outlook: If the pump continues, ETH is expected to challenge its historical high again; if there is a pullback, it may test the support at $4,232.

Ripple (XRP): Bearish momentum waning

(Source: Trading View)

Current Price: Approximately 2.99 USD

Technical Analysis: XRP quickly regained ground after breaking below the 61.8% Fibonacci pullback level ($2.99) on August 25.

Resistance level: $3.40

Support level: 2.72 USD

RSI: 48, close to neutral 50, indicating a weakening bearish pressure

MACD: The red histogram shortens, supporting the rebound argument.

Short-term outlook: If it stabilizes above $2.99, XRP is expected to challenge $3.40; if it falls below, it may pull back to the support at $2.72.

Conclusion

BTC, ETH, and XRP have all rebounded at key support levels, with technical indicators showing that bearish momentum is weakening. In the short term, if the bulls can hold key moving averages and support levels, the market may welcome a new wave of upward momentum. However, if these levels are lost, the pullback pressure will increase again.