- ETH holds near $1,700 after breaking short-term resistance.
- BTC reclaims $61,300 but remains below major EMAs.
- XRP needs a channel breakout to extend recovery.
Ethereum traded above $1,700 on Friday as a breakout improved its July recovery setup. Bitcoin also reclaimed $61,300 after a sharp rebound. Meanwhile, XRP moved near channel resistance as crypto momentum strengthened.
Bitcoin Rebounds But Faces Heavy Resistance
Bitcoin recovered from $57,800, its lowest level in 21 months, and traded near $61,300 on Friday. However, price still held below key moving averages. Therefore, the broader structure remained under pressure.
BTC stayed below the 50-day EMA at $66,010 and the 100-day EMA at $69,816. It also traded under the 200-day EMA at $75,777. As a result, sellers still controlled the wider trend.
Resistance now sits near $64,004, followed by the 50-day EMA. A break above that zone could open $69,816. However, failure to reclaim $64,000 may expose $55,000 support.
Ethereum Price Prediction Improves After Breakout
Ethereum traded near $1,700 after breaking above short-term resistance. The move followed support from a long-term rising trendline. Therefore, ETH gained a stronger recovery setup for July.
ETH also broke a descending trendline, the daily cloud, and the 0.5 Fibonacci level near $1,643. This area had formed a key resistance zone. Because price cleared it, momentum shifted toward buyers.
The next upside levels sit near $1,776, $1,943, and $2,045. However, ETH still faces resistance near $1,807 and $1,818. A stronger breakout could then expose $1,983 and $2,000.
XRP Tests Channel Breakout Zone
XRP traded near $1.088 on Friday as it approached the upper side of its falling channel. The token remained below major moving averages. Still, improving momentum supported a possible breakout attempt.
The 50-day EMA stood at $1.185, while the 100-day EMA sat near $1.293. The 200-day EMA remained higher at $1.504. Therefore, XRP still faced layered resistance above current levels.
Initial resistance sits near $1.134 at the channel boundary. A breakout could target $1.185 and then $1.300. However, rejection at the channel could keep XRP inside its downtrend.
