Crypto Majors on the Move: Bitcoin, Ethereum, and XRP Gear Up for Breakouts

Table of Contents

As the crypto market enters a pivotal stretch in April, Bitcoin, Ethereum, and XRP are each showing unique patterns on the daily chart that could define their direction for the remainder of the month.

While Bitcoin presses into resistance territory, Ethereum remains under pressure, and XRP consolidates in search of a catalyst. Here’s what the charts are telling us.

Bitcoin (BTCUSDT): Poised for Breakout or Another Consolidation?

Bitcoin continues to edge higher after a brief consolidation phase, brushing against a key resistance level near $85,276.

Daily chart for BTC/USDT (Source: TradingView)

Momentum indicators suggest a cautious optimism. The MACD histogram has flipped green, marking a slow return of bullish momentum, while the RSI remains comfortably above neutral. Price action is also forming higher closes—often a precursor to breakout attempts.

Should BTC break above this $85K region with strength, the next resistance barriers lie at $86,845 and $87,498. However, failure to clear $85,276 could result in another pullback toward the $84,250 support zone, with deeper support seen at $82,389 and $78,595.

Also read: Bitcoin Sentiment Turns Bullish as $90K Looms: Is the Next Rally Here?

For now, the structure leans bullish with momentum favoring a breakout scenario. Traders may consider long entries on confirmation above resistance, while short entries might be explored at higher resistance levels, particularly if rejection candles appear near $87K.

Ethereum (ETHUSDT): Struggling for Lift Amid Bearish Pressure

Ethereum continues to underperform relative to Bitcoin, stuck beneath its moving averages and showing signs of bearish pressure.

Daily chart for ETH/USDT (Source: TradingView)

The RSI remains weak and below 50, signaling that buyers are not yet in control. Despite this, the MACD histogram has been steadily climbing, suggesting that bearish momentum may be fading.

Still, the price remains well below critical resistance at $2,056 and $2,081. A decisive move above these levels would be needed to reverse the short-term bearish trend and open the door to a potential push toward $2,324.

Also read: Will Ethereum Hit 10K? Examining ETH’s Potential

On the downside, Ethereum remains vulnerable to a retest of the $1,473 support area if bearish momentum resumes. Traders looking for long entries may prefer to wait for a confirmed move above $2,056, while short opportunities could arise on failed breakouts or continued weakness below $1,600.

XRP (XRPUSDT): Quietly Accumulating with Bullish Divergence Emerging

XRP is quietly building a case for recovery. After defending support around $2.06, the asset is beginning to show signs of positive momentum.

Daily chart for XRP/USDT (Source: TradingView)

The MACD histogram has been consistently green, suggesting that selling pressure is easing. Meanwhile, the RSI has hovered just under the neutral zone, hinting that bulls are preparing for a move.

Immediate resistance lies at $2.144 and $2.159. A breakout here could trigger a push toward $2.32, a level that has not been tested in weeks. On the flip side, if XRP loses the $2.06 and $2.02 supports, a move toward the long-term base at $1.79 becomes more likely.

Also read: Is XRP a Good Investment? What To Know

XRP’s structure appears range-bound with a slight bullish tilt. This setup may favor accumulation strategies near support or breakout trades on volume-confirmed moves above resistance.

Conclusion: Volatility Brewing Beneath the Surface for Crypto Majors

While none of the crypto majors are exhibiting explosive momentum just yet, subtle shifts in technicals suggest that movement is coming.

Bitcoin holds the most bullish posture, with Ethereum lagging and XRP steadily recovering. Across the board, traders should watch closely for confirmations at key resistance and support levels.

Whether you’re trading long or short, the charts are signaling that the next move may be just around the corner.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

View all posts