Bitcoin, Ethereum, and Ripple Prices Stabilize
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices showed signs of recovery on Monday. These top cryptocurrencies bounced back slightly after last week’s sharp losses. BTC trades near $115,500. ETH and XRP are above $4,100 and $2.57, respectively. Traders are cautiously returning as market sentiment improves.
Bitcoin Recovers After Big Drop
Bitcoin hit a new high of $126,199 on October 6 but then dropped sharply. It fell over 11% from Tuesday to Saturday, reaching a low of $102,000 on Friday. On Sunday, BTC recovered and closed above $114,900. On Monday, it hovered around $115,500.
If Bitcoin keeps recovering, it may test the $120,000 level again. The Relative Strength Index (RSI) is near 48, showing less bearish pressure. However, the MACD indicator still signals bearish momentum. If BTC corrects, it could fall to support at $107,245.
Ethereum Shows Signs of Recovery
Ethereum dropped 17.66% after failing to hold $4,488 on October 7. It hit a low on Saturday but recovered slightly on Sunday, closing above $4,150. On Monday, ETH traded near $4,160.
If ETH closes above the resistance at $4,232, it could rally toward $4,488. The RSI suggests weakening bearish momentum, but the MACD remains bearish. A correction could push ETH down to the $3,593 support level.
Ripple Could Rise Toward $2.72
Ripple fell more than 20% after hitting resistance on October 5. It reached a low of $1.25 on Friday but recovered 6.78% by Sunday. On Monday, XRP traded near $2.57.
If XRP continues to recover, it may reach the resistance at $2.72. The RSI shows fading bearish momentum, while the MACD still indicates bearish pressure. A correction could bring XRP down to support at $2.35.
