Bitcoin hits fresh yearly low, Ethereum under key support, XRP bears

Bitcoin fell to $59,818 on Friday, a fresh yearly low after dipping to $58,115 the day before, while Ethereum slipped below $1,550 and XRP traded just under $1.01, leaving all three major crypto assets in bearish territory and extending weekly losses of over 7% for BTC, 9% for ETH and 8% for XRP [1].

Technical backdrop

Bitcoin’s price remains well below its 50‑day ($67,863), 100‑day ($71,246) and 200‑day ($77,115) EMAs, indicating a strong bearish bias. The RSI hovers at 30, just above neutral, while the MACD is sliding toward zero, suggesting waning recovery momentum. Immediate resistance sits near $64,004, with a deeper ceiling at $84,410, while the next notable support is around $55,000 [1].

Ethereum is similarly entrenched under its 50‑day ($1,865), 100‑day ($2,036) and 200‑day ($2,317) EMAs. The RSI has fallen into oversold territory at 28 and the MACD remains slightly negative, pointing to persistent downside pressure. Resistance is anchored at $2,000, with the 50‑day EMA near $1,864, and stronger support lies at $1,385 if the current $1,532 level gives way [1].

XRP’s price is below the 50‑day ($1.224), 100‑day ($1.327) and 200‑day ($1.535) EMAs, confined within a downward parallel channel. The RSI at 28 and a negative MACD histogram confirm weak momentum. Immediate resistance is the channel ceiling at $1.204, with a psychological support level at $1.00; a break above $1.204 would be needed to challenge the bearish bias [1].

Market context

All three assets have been shedding value this week, reflecting broader risk aversion in crypto markets. The EMA clusters act as dense supply zones that have historically capped rebounds, and the current price levels are far from recent highs—Bitcoin’s 2023 peak near $73,000, Ethereum’s $2,320 200‑day EMA, and XRP’s $1.90 medium‑term ceiling. The combination of oversold RSI readings and MACD trends suggests that while short‑term momentum may be softening, no clear bullish reversal has emerged.

What to watch

• Bitcoin: $55,000 support and $64,004 resistance; a break below $55,000 could trigger deeper declines toward $50,000.
• Ethereum: $1,385 support and $2,000 resistance; a sustained move above $2,000 may test the 50‑day EMA.
• XRP: $1.00 psychological level and $1.204 channel ceiling; a clear break above $1.204 could open the path toward $1.300.

The three leading cryptocurrencies are entrenched in a multi‑week correction, with technical indicators pointing to continued downside risk unless decisive breaks of key resistance levels occur. The next price moves will likely hinge on whether sellers can push prices through these barriers or buyers can muster enough momentum to reverse the trend.