Cryptocurrency experts name the main condition for the recovery of the crypto market

Bitcoin BTC $95,821.22 Bitcoin -1.16% Market capitalization $1.9 trillion VOL. 24 hours $1.64 billion continues to consolidate in the range of $ 94,000-$ 100,000, which has been going on for almost two weeks. If the price breaks through the $ 94,000 support level and consolidates below it, it could cause a drop to the psychologically important $ 90,000 mark. Technical indicators, such as RSI and MACD, indicate that the bearish momentum is still present, which increases the likelihood of a correction. At the same time, a breakout of the $ 100,000 level could give impetus to a recovery and test of the January high of $ 106,012.

Ethereum ETH $2,732.53 Bridged Ether (StarkGate) 2.09% Market capitalization $0.24 billion VOL. 24 hours $1.73 billion follows the dynamics of BTC, hovering around $ 2,670. After deviating from the downtrend line on February 1, ETH lost 13.87% and closed below the key $ 3,000 mark the next day. The correction continued by another 9%, but last week, the asset recovered 1.3%. The RSI recovered after reaching the oversold zone, and the MACD shows a shift to growth, which could support the move to $ 3,000. However, a close below $ 2,359 will open the way to a decline to $ 1,905.

Ripple XRP $2.65 XRP -2.96% Market capitalization $153.35 billion VOL. 24 hours $0.58 billion is showing a stronger upward momentum. XRP rose 14% last week, breaking through the $ 2.72 level and consolidating above it. The asset is currently trading near this support. If it holds, XRP could continue to rise to the January 16 high of $ 3.40. The RSI is above 50, which indicates a buyer’s preference, and the MACD confirms a positive trend. However, if it falls below $ 2.72, the next key support will be $ 1.96.

The cryptocurrency market is still unstable, and its future direction will depend on the breakout of key support or resistance levels. Bitcoin has to determine its dynamics, which will affect the movement of ETH and XRP. Despite the bearish signals for BTC, Ethereum is showing signs of recovery, and Ripple retains the greatest growth potential.