Bitcoin and Ethereum are rising... Why is XRP stuck?

▲ Bitcoin (BTC), Ethereum (ETH), XRP (XRP)/ChatGPT generated image ©

Amid tensions in the Middle East, individual investor funds are flowing in again, leading to a continued rebound for Bitcoin and Ethereum. In contrast, XRP (Ripple) is stalled at a key resistance level, creating a clear temperature difference in the market.

According to investment specialized media FXStreet on April 14 (local time), Bitcoin is maintaining its rebound trend, holding the $74,000 level as support, while Ethereum appears to be strengthening its upward momentum above $2,300. XRP, on the other hand, is showing a stagnant trend around $1.37, failing to break past the $1.40 supply zone.

The key driver of the market rebound is the increased influx of individual investors. Bitcoin futures open interest rose to $56.38 billion from $51.39 billion the previous day, indicating a renewed preference for risk assets. Ethereum also expanded to $33.66 billion, supporting its upward momentum. XRP also saw an increase in open interest to around $2.57 billion, confirming fund inflows.

Technically, Bitcoin is trading at $74,542, maintaining stability above its 50-day moving average of $71,022. The Moving Average Convergence Divergence (MACD) indicator remains in positive territory, and the Relative Strength Index (RSI) is at 62, leaving room for further upside without showing overheating signals. On the upside, $75,300 and $76,000 are acting as major resistance levels.

Ethereum is showing a structurally strong rebound, trading around $2,378, above both its 50-day and 100-day moving averages. The Relative Strength Index (RSI) remains in the mid-60s, indicating buying dominance, and the Moving Average Convergence Divergence (MACD) also supports the upward trend. However, the 200-day moving average at $2,673 is identified as the next major resistance level.

In contrast, XRP remains below all major moving averages, unable to escape a relatively bearish structure. Despite the Moving Average Convergence Divergence (MACD) maintaining a buy signal, upward momentum is limited, and analysis suggests a possibility of further correction if it fails to break the $1.41 resistance. The short-term direction is said to depend on whether it can recover $1.40.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*