Cryptocurrency Market Recovers: Bitcoin Gains 4%, Ethereum 7%, Ripple Stabilizes

Generated by AI AgentCoin World
Wednesday, Mar 26, 2025 9:47 am ET2min read

On March 26, 2025, the cryptocurrency market showed signs of recovery with Bitcoin (BTC) reaching nearly $88,000, marking a 4% gain over the previous three days. Ethereum (ETH) also demonstrated resilience, recovering 7% from the previous week and establishing support around $1,861. Meanwhile, Ripple (XRP) stabilized near $2.44 after surpassing its 100-day exponential moving average. Market participants are closely watching the upcoming April 2 tariff news, which could significantly impact the financial markets, including digital assets, and cause economic changes.

The anticipated tariffs introduce significant market uncertainty, potentially increasing price volatility. Current technical signals indicate upward momentum for these three major cryptocurrencies, with key support levels appearing stable. However, analysts caution about sharp price drops if these crucial supports fail to hold. The upcoming week is critical for Bitcoin, Ethereum, and Ripple, as investors must carefully observe technical chart patterns and external economic pressures shaping the market.

Bitcoin's recent climb of 4.45% above its 200-day exponential moving average (EMA) near $85,556 suggests potential for additional price increases. The price remained stable around $88,150 on Wednesday, supported by last week’s bullish Moving Average Convergence Divergence (MACD) crossover. Its Relative Strength Index (RSI) reading of 51 indicates growing momentum among buyers. Analysts believe that holding the 200-day average as support could push the price toward the psychological $90,000 mark, with sustained momentum potentially reaching the March 2 peak of $95,000. However, significant risks remain, and closing below the key $85,000 mark might stop the current recovery entirely, pushing the price down toward the next support zone around $78,258. Market participants are watching this price level carefully, particularly due to impending external factors like tariff news.

Ethereum rebounded almost 7% last week from the $1,861 support level, trading at $2,072 on March 26 despite a minor pullback on Tuesday. Last week’s bullish MACD crossover indicator offers hope, with rising green histograms showing increasing momentum. Holding the $1,861 level could allow Ethereum to aim for its March 7 peak of $2,258. However, achieving this target requires its RSI to rise past 39 and successfully cross the neutral 50 mark soon. These encouraging signals do not guarantee Ethereum’s recovery, which is still fragile. Falling below the crucial $1,861 support might cause the price to decline toward the $1,700 level, challenging investor confidence. The RSI failed to cross 50 on Monday, highlighting persistent downward pressure. Consequently, the following days are critical for the asset’s short-term direction, depending on technical stability and broader market responses to upcoming policy news.

Ripple exhibited steady price movement recently, holding near the $2.46 mark following a 7% rebound initiated by surpassing its 100-day exponential moving average at $2.32 last week. A bullish MACD indicator crossover currently supports this uptrend. However, XRP’s RSI is near 52, suggesting some uncertainty among market participants. If the 100-day average continues to act as a floor, Ripple might advance toward its next resistance at $2.72. Reaching that level would signify considerable progress in its ongoing recovery. Yet, slipping below the 100-day moving average might send the XRP price falling toward the $1.96 support level, effectively wiping out the value added during its recent upward climb. The RSI hovering near 50 implies that momentum could swing either way. Therefore, traders anticipate potential volatility as the tariff announcement date approaches. Ripple’s immediate future relies on effectively consolidating recent gains within this uncertain economic environment.