Crypto Market Recovery Gains Momentum as BTC and ETH Hold Key Support

The cryptocurrency market appears to be poised for further recovery, with Bitcoin (BTC), Ethereum (ETH), and XRP all holding key support levels.

Bitcoin has defended its price above $66,000, maintaining a bullish bias as it holds above the SuperTrend at $61,152 and the 50-day Exponential Moving Average (EMA) at $65,138. However, it remains below the 100-day EMA at $68,067 and the 200-day EMA at $73,835.

Ethereum trades above $1,900, holding a bullish near-term bias as price sits above the 50-day EMA at $1,827 and the SuperTrend baseline at $1,739. However, it remains below the 100-day EMA at $1,938 and the longer-term 200-day EMA at $2,189.

XRP trades around $1.13, remaining capped beneath a dense layer of moving average and trend resistance. Momentum is more constructive, with the RSI hovering near 55 on the daily chart and the MACD in positive territory.