Bitcoin Climbs back on 65k, Ethereum Breaks Out while XRP Waits for Big Move

The cryptocurrency market has started the week on a stronger footing, with Bitcoin climbing back above US$65,000, helping lift the broader crypto market by around 3% over the past 24 hours.

Improving U.S. inflation data has eased concerns over additional Federal Reserve tightening. Although markets are still pricing in a cautious path for monetary policy, the softer data has helped boost confidence across risk assets, including cryptocurrencies.

At the same time, more than US$230 million in short positions were liquidated, adding fuel to the latest move higher.

While momentum has improved, markets remain sensitive to upcoming economic data and central bank commentary.

Bitcoin (BTC): Bulls Back in Control?

Bitcoin has broken above a key downward trendline, signalling improving market momentum after several weeks of consolidation.

The move back above US$65,000 is an encouraging technical development, with buyers regaining control in the short term.

What traders are watching:

• Bitcoin has reclaimed the US$65,000 level.
• Technical momentum has improved following the breakout.
• The next major resistance sits around US$68,000.
• A move above that level could strengthen the current bullish trend, while failure to break higher may see some short-term consolidation

ETH: Jumps 4,4% after cooler than expected CPI

Ethereum has also strengthened, breaking above an important resistance level after trading sideways for several weeks.

The breakout was supported by stronger trading volumes, suggesting genuine buying interest rather than a low-volume move.

Key levels to watch:

• Ethereum has moved above previous resistance, improving the short-term outlook.
• Momentum indicators continue to strengthen without appearing overextended.
• The next resistance zone sits between US$1,940 and US$1,970, where sellers previously entered the market.

A sustained move above this area would be another positive technical signal, although resistance may remain strong.

XRP: Building Momentum, But Still Waiting

Unlike Bitcoin and Ethereum, XRP has yet to deliver a decisive breakout.

Although market sentiment has improved, the price continues to trade within a relatively tight range as buyers and sellers remain balanced.

What traders are watching:

• XRP continues to consolidate after recent gains.
• Market sentiment has become more positive despite limited price movement.
• Traders are looking for a clear break above resistance before confirming the next trend.

For now, patience remains key as the market waits for stronger direction.

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