Bitcoin, Ethereum, XRP Analysis — Tech Tariff Pause Rekindles Weekly Bullish Sentiment

Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) opened the week with modest recoveries as risk sentiment improved following President Donald Trump’s decision to pause import duties on consumer electronics.

The tariff relief sparked a rally across global equities—Europe’s Stoxx 600 surged over 2% and U.S. tech stocks climbed in premarket trading, offering a reprieve to markets roiled by trade war uncertainty.

The crypto market, closely tracking broader risk trends, responded with renewed bullish momentum across key support zones. As a result, Bitcoin, Ethereum, and XRP’s interim bullish outlook has improved. Let’s examine.

Bitcoin (BTC) Technical Analysis — Return to $100,000 is Very Likely

Bitcoin is showing signs of a potential rebound toward the $100,000–$102,000 range after defending a key support confluence on the weekly chart.

The BTC/USD pair is holding above a long-standing ascending trendline that has guided its recovery since the 2022 bottom. This trendline coincides with the 50-week exponential moving average (50-week EMA; the red wave), currently near $78,068, forming a critical support zone.

The latest weekly candle confirms a bounce from this area, indicating renewed buying interest.

Momentum indicators support the bullish outlook. The Relative Strength Index (RSI) is climbing back toward the neutral 50 level, suggesting sellers are losing control while leaving room for upside before hitting overbought conditions.

From a technical standpoint, Bitcoin is also approaching the 1.618 Fibonacci extension level near $102,812. This level, drawn from the 2021 top to the 2022 bottom, aligns with the psychological $100K mark and often serves as a classic breakout target in bull markets.

A decisive weekly close above $85,000 could confirm the continuation of the uptrend, setting the stage for a move toward six figures in the sessions ahead.

Ethereum (ETH) Technical Analysis — Accumulation Zone is Boosting Major Rebound Potential

Ethereum is showing early signs of a rebound after defending a critical long-term support zone, raising the prospect of a short-term move toward the 200-week exponential moving average (EMA) near $2,261.

The ETH/USD pair recently bounced off the $1,350–$1,450 area, labeled on the chart as the “Ethereum Accumulation Zone.” This level had previously served as a launchpad for major rallies in early 2023 and mid-2023, reinforcing its importance as a historical demand zone.

This bounce also coincides with deeply oversold conditions on the weekly Relative Strength Index (RSI), currently recovering from near the 30 mark—a level typically associated with market bottoms and rebound potential.

Ethereum remains below its 50-week EMA (~$2,651), which has flipped into resistance.

However, the more achievable short-term target is the 200-week EMA (the blue wave). A move toward this level would mark a ~37% recovery from the recent lows, potentially driven by short covering and renewed accumulation.

If bullish momentum sustains and macro conditions stabilize, Ethereum could revisit the $2,200–$2,260 range in the coming weeks. However, failure to hold above the accumulation zone risks a deeper downside toward the $1,200 level.

XRP (XRP) Technical Analysis — Falling Wedge Suggests 35% Jump Next

XRP is trading within a textbook falling wedge pattern on the weekly chart, signaling the potential for a bullish breakout that could push prices toward the $2.88 mark in the coming sessions.

The wedge structure, defined by converging downward-sloping trendlines, typically precedes bullish reversals. XRP has respected this pattern’s upper and lower bounds since peaking near $3.20 earlier this year. The consolidation appears to be nearing its apex, increasing the probability of an imminent breakout.

XRP’s sustained position above its 50-week EMA, currently near $1.62, supports the bullish case. This moving average acts as dynamic support, while the 200-week EMA (~$0.89) remains far below, reinforcing the long-term bullish trend.

Momentum is gradually improving, with the weekly RSI hovering above 50. This neutral-to-bullish reading suggests buyers retain control without the asset being overbought.

If XRP closes with strong volume above the wedge’s upper boundary, the pattern’s technical target sits near $2.88, measured by adding the wedge’s maximum height to the breakout point. A move toward this level would confirm XRP’s broader uptrend.

Failure to break out could delay the move, but the overall structure favors bulls as long as the price holds above the $1.80 support baseline.