Crypto Prices Show Signs of Life as Bitcoin Breaks Above $61,000

Crypto prices are showing signs of life after Bitcoin broke above $61,000 resistance. This move has lifted sentiment across the wider crypto market, but none of the top three cryptocurrencies have fully confirmed their next major move.

Bitcoin's price action is now trading between $61,000 and $61,800 as buyers and sellers battle for control. Resistance around $61,800 remains the biggest level to watch today, with a clean move above that area potentially opening up the $63,000 region. Failure to hold above $61,000 could weaken the current setup and send BTC price back towards $59,000.

XRP has also made a breakout, breaking above the important $1.07 level before entering a short period of consolidation. A successful move above $1.09 could give XRP enough strength to test the $1.12 level during today's session.