Bitcoin and Ethereum are rising... When will XRP's rebound begin?

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

As Bitcoin and Ethereum continue their upward trend, only XRP is failing to gain momentum, leading to a clear 'temperature difference' in the market.

According to investment media FXStreet on April 15 (local time), Bitcoin (BTC) soared to $76,038 the previous day, marking a two-month high, and has since maintained its upward trend around the $74,500 level. After breaking above the ascending triangle pattern, it has been trading stably above the 50-day Exponential Moving Average (EMA) of $71,144, continuing its short-term bullish structure.

Technically, the upward momentum is also being maintained. Bitcoin has turned the 38.2% Fibonacci retracement level of approximately $74,487 into support, while the Relative Strength Index (RSI) is in the low 60s, and the Moving Average Convergence Divergence (MACD) also remains in positive territory, suggesting room for further upside. However, analysis indicates that a breakthrough of the clustered resistance zone between $75,268 and $75,764 is necessary to test $78,962 and further, $80,000.

Ethereum (ETH) is also continuing its upward trend, trading above $2,300. With the 50-day EMA at $2,182 secured as support, it is attempting to break through the 100-day EMA at $2,355 and the 38.2% Fibonacci resistance at $2,380. An RSI of approximately 61 and a favorable MACD trend indicate buying dominance, but if this resistance zone is not clearly breached, there remains a possibility of a short-term correction.

In contrast, XRP (Ripple) is showing a relatively sluggish performance. XRP is trading around the $1.35 level, continuing its movement within a descending parallel channel, and remains below the 50-day EMA of $1.40, the 100-day EMA of $1.55, and the 200-day EMA of $1.80, indicating sustained medium-term downward pressure. The RSI is at 49, which is neutral, and the MACD shows only limited bullish signals, suggesting a lack of directional conviction among investors.

On the upside, $1.40 acts as the first resistance, followed by the $1.55 and $1.70 levels as additional resistance. On the downside, $1.30 is a short-term support level, and a break below it could open the way to the channel bottom at $0.88. This highlights that while Bitcoin and Ethereum continue their rebound, XRP still remains in a 'wait-and-see' zone.

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