Bitcoin, Ethereum, and XRP experienced volatility last week, preventing a clear trend. However, potential pauses in the Federal Reserve rate hikes and easing geopolitical tensions could revive buying demand for cryptocurrencies.
Bitcoin bulls face resistance at the EMA20 trend line and $86.7K mark. Resistance break could lead to a move towards $93,000, while a sharp decline could bring the price to the support level at $79,974.
Ethereum faces rising volatility around the descending resistance line. Positive divergence and breaching the EMA50 trend line could see the price rise to $2,109 and potentially to the 50-day SMA at $2,530. Failure to hold at $2,109 would indicate bearish dominance.
XRP bounced off the $2 support level and broke above the EMA20 trend line. Potential breakout could lead to a climb to $2.65 and further to $2.97, while a sharp decline would revisit the critical $2 support.