Bitcoin Stabilizes at $84,000 as Tariffs Boost Market Confidence XRP Holds $2 Level, Eyes $2.27 Resistance for Recovery Ethereum Struggles Near $2,000, Faces Bearish Momentum

Bitcoin has shown signs of stabilization after weeks of volatility, currently holding steady at $84,000. The introduction of long-awaited tariffs has eliminated a significant layer of uncertainty that had kept markets cautious. This development is crucial for Bitcoin as it removes a major risk factor that had been hindering its performance. The asset had struggled to maintain levels above its 200-day moving average due to fears of regulatory shocks, but with this risk event passed, market confidence is beginning to return.

Technically, the 200-day exponential moving average (EMA) has served as a reliable support level, and Bitcoin has successfully recovered from it. The relative strength index (RSI) remains neutral, indicating ample room for upside movement. Bitcoin is approaching a crucial resistance zone between $87,000 and $89,000, marked by the convergence of short- and mid-term moving averages. A breakout here could quickly open the path to six figures. The recent green daily bars suggest accumulation rather than distribution, although the volume is still muted compared to the November run. If bullish momentum holds and resistance is overcome in the coming days, Bitcoin could retest its all-time highs of $100,000 within a few weeks.

XRP has demonstrated resilience by maintaining the important $2 price level and stabilizing around its 200 EMA. The $2 mark is acting as a technical and psychological anchor, potentially laying the groundwork for a midterm recovery. The 200 EMA has been a reliable support level since XRP's rise last year, and the asset has successfully defended it on the daily chart at around $1.94. Historically, brief bullish impulses have followed each bounce from this level, and this time is no exception.

On the upside, the next level to watch is the $2.27 area, which corresponds to the 50-day EMA and has served as resistance in recent weeks. If XRP breaks above this level, it may move toward the descending resistance line around $2.60. An effective break above this trendline could indicate the end of the current consolidation phase and a potential reacceleration toward the $3 mark. Volume analysis suggests a moderate but steady recovery, with green daily candles gradually gaining ground. This type of low-volatility accumulation often signals a breakout when the price holds a critical level as firmly as XRP has done with $2. On a larger scale, XRP's price structure is forming a falling wedge, a historically bullish pattern that frequently leads to upward breakouts.

Ethereum, on the other hand, is showing signs of weakness, struggling to maintain upward momentum near the $2,000 mark. Despite small intraday gains, the overall technical setup indicates that ETH is far from making a significant comeback, much less hitting its prior highs of about $3,000. Ethereum has been in a downward trend since early March, with lower highs and lower lows creating a descending channel. The asset is trading significantly below its 50-day EMA and battling the crucial 26-day EMA, which is convergent with regional price peaks. This convergence suggests a higher likelihood of rejection at these resistance points, further escalating bearish momentum.

Bulls are unlikely to gain traction until ETH overcomes this dynamic resistance and regains higher ground, such as the $2,200 level. Volume analysis shows red candles dominating most trading sessions, indicating waning buyer interest. The Relative Strength Index (RSI) shows bearish sentiment without hitting oversold levels that could lead to a recovery bounce. The larger market environment for ETH is also not helping, as it performs poorly in contrast to Bitcoin and other assets that have made attempts at recovery. Ethereum is particularly vulnerable as the crypto market faces macroeconomic issues like international tariffs and ambiguous regulatory frameworks.

Ethereum's downward trend indicates that it might continue to fall in the absence of a significant change in volume or investor sentiment. If the key support level near $1,700 is broken, ETH may retest the lower limit of its descending channel with a potential target price of $1,600 or less. Investors should exercise caution and look for any signs of a reversal before considering long entries.