The technical indicators for BTC, ETH, and XRP are all signaling a bullish trend. Which one will trigger the pump first?

This week, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) show different trends. BTC is seeking support around $111,000, ETH has been consolidating sideways for 12 consecutive days, while XRP is releasing early bullish signals at the end of a descending wedge. The key levels for bulls and bears have gradually become clear, and the market may be on the verge of a directional breakout.

Bitcoin (BTC): Hold above $111,000, the key is the 50-day EMA

(Source: Trading View)

Current price: approximately 111,000 USD

Key resistance: $112,830 (50-day EMA)

Technical Observation:

RSI: 43, retreating from neutral 50, indicating short-term bearish pressure

MACD: A bullish crossover occurred on Saturday, with green bars expanding, indicating a recovery in momentum.

Bullish scenario:

Closing above $112,830 → Target $116,000

Bearish scenario:

Failed to break through and fell back → may test the support at $107,245

Ethereum (ETH): Sideways consolidation, waiting for a breakout

(Source: Trading View)

Current price: approximately $4,319

Consolidation range: $4,232–$4,488 (since August 29)

Technical Observation:

RSI: Persistently hovering around 50, indicating that traders are on the sidelines.

Bullish scenario:

Breakthrough 4,488 USD → Target historical high 4,956 USD

Bearish Scenario:

Dropped below $4,232 → Possible retest of 50-day EMA ($4,096)

Ripple (XRP): Downward wedge end, a breakout may trigger a rebound

(Source: Trading View)

Current price: close to the upward trend line (around 2.99 USD)

Technical Observation:

RSI: 52, breaking above neutral 50, indicating early bullish momentum

MACD: A bullish crossover occurred on Monday, indicating improved momentum.

Bullish scenario:

Closing breaks through 2.99 USD → Target 3.40 USD

Bearish scenario:

Resistance at the uptrend line → Possible retest of $2.72 support

Conclusion

Currently, the three major coins are showing divergent trends: BTC needs to break through the 50-day EMA to continue its rebound, ETH is in a calm period before a breakout, while XRP is closest to triggering a technical bullish signal. In the short term, the market direction will depend on whether BTC can be the first to break through key resistance, which would drive overall sentiment to improve.

BTC0,5%
ETH-0,23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)