Bitcoin, Ethereum, and Ripple Price Outlook: BTC, ETH, and XRP Poised for a Potential Breakout

Amid recovery momentum, Bitcoin stabilizes at $85,600.

After rising 4.25% last week, Bitcoin (BTC) is still trading at about $85,600 on Monday. Similar to Bitcoin's recovery, Ethereum (ETH) and Ripple (XRP) have both increased by almost 7% in the last week while stabilizing close to important price points.

As bulls regain control, Bitcoin is aiming for $90,000.

Last week, Bitcoin managed to recover and close above its 200-day Exponential Moving Average (EMA) at $85,502, despite finding it difficult to maintain support at this level. At the time of writing, Bitcoin was trading at about $85,600 after breaking above this important EMA once more on Sunday.

With the psychologically significant $90,000 mark as the next major target, a sustained hold above this level could spur additional upside. At 48, the Relative Strength Index (RSI) is indicating waning bearish pressure as it rises toward the neutral 50 level. Bitcoin's RSI needs to rise above 50 in order to maintain a recovery rally. Furthermore, a bullish crossover was recently confirmed by the Moving Average Convergence Divergence (MACD) indicator, which shows increasing upward momentum with green histogram bars.

A pullback, however, might be triggered if support around the 200-day EMA is not maintained, and a close below $85,000 might push Bitcoin toward the next important support level, which is $78,258.

Ethereum Is Holding Strong Support at $1,861, Indicating Possible Growth

Ethereum (ETH) saw a 7% increase last week after testing support at $1,861 for the previous two weeks. ETH is trading close to $1,980 as of Monday.

ETH may continue to recover and reach the high of $2,258 on March 7 if it finds support at $1,861. With the RSI at 40 and getting close to the neutral 50 level, it appears that the bearish momentum is waning. A sustained bullish trend, however, requires a move above 50. In the meantime, the MACD indicator indicates increasing upward pressure with a bullish crossover and strengthening green histogram levels.

On the downside, ETH may move toward the next significant support level at $1,700 if it closes below $1,861 and is unable to hold above it.

Ripple Bulls Aim Higher After Breaking 100-Day EMA

Last week, Ripple (XRP) surged by almost 7%, breaking above its 100-day EMA at $2.31. XRP is currently trading at about $2.42 as of Monday.

XRP may rise to test the next resistance level at $2.72 if it keeps support at its 100-day EMA. There is currently no discernible market direction as the RSI is at 51, circling the neutral zone of 50. The RSI needs to rise above 50 for a more robust bullish move. An upward trend is supported by the MACD indicator, which validates a bullish crossover.

However, additional downside could see the price drop toward $1.96 if XRP closes below its 100-day EMA and loses support at that level.

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