Will Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) price rallies continue? By Rakesh Upadhyay

Cryptocurrency traders were in for a pleasant surprise on March 2 after US President Donald Trump announced a crypto strategic reserve to include Bitcoin (BTC

US President Donald Trump announced a crypto strategic reserve to include Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) on March 2.

The announcement came after a chaotic trading session, with reports of a 10% drop in BTC surfacing. Trump's statement follows his previous indication in December of exploring the possibility of a digital dollar.

According to Nansen principal research analyst Aurelie Barthere, establishing a US crypto reserve will take time as it needs a vote in Congress.

Research analyst Nicolai Sondergaard from the same blockchain analytics firm told Cointelegraph that the tokens selected for the crypto reserve are likely to experience volatility.

Crypto market daily view. Source: Coin360

CoinShares reported $2.9 billion in outflows from cryptocurrency exchange-traded products last week, marking the third consecutive week of outflows. This follows a 19-week inflow streak.

After the initial reaction of short covering and buying by traders, will the crypto price rally continue? Let's analyze the latest charts.

Bitcoin price analysis

Bitcoin fell below the 20-week exponential moving average ($90,623) last week and dipped near the 50-week simple moving average ($75,534), but the long tail on the candlestick at lower levels shows strong buying.

BTC/USDT weekly chart. Source: Cointelegraph/TradingView

The up sloping moving averages indicate an edge to buyers, but the negative divergence on the relative strength index (RSI) suggests that the bullish momentum is weakening.

If the price slips and sustains below the 20-week EMA, it will signal the start of a corrective phase that could reach the 50-week SMA.

Contrarily, if the price remains above the 20-week EMA, it will indicate that the sentiment remains positive, and traders continue to buy the dips. This improves the prospects of a retest of the all-time high at $109,588. A break above $109,588 could start the next leg of the uptrend to $138,000.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The BTC/USDT pair rose above the 20-day EMA on March 2, but the bulls could not sustain the higher levels. The $90,000 to $85,000 zone is likely to attract strong buying by the bulls. If the price rebounds off this support zone, it will increase the likelihood of a rally above $100,000.

This positive view will be invalidated if the price continues lower and breaks below the support zone. That will indicate that the bears are in control. The pair may then tumble to $78,258 and then to $73,777.

Ether price analysis

Ether has been trading in a range between $2,111 and $4,094 for the past several weeks, indicating buying activity near the support and selling pressure close to the resistance.

ETH/USDT weekly chart. Source: Cointelegraph/TradingView

Both moving averages have started to turn down, and the RSI is in the negative territory, suggesting that bears have an edge.

If the price continues lower and breaks below $2,111, it will signal the start of a deeper correction to $1,500.

On the contrary, a strong rebound from $2,111 suggests that the bulls are aggressively defending this level. Buyers will have to propel the ETH/USDT pair above the moving averages to signal a comeback. The pair may then ascend to $4,094, which is likely to act as a strong barrier.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The pair bounced off the $2,111 support and reached the 20-day EMA ($2,544) on March 2. The failure to pierce the 20-day EMA suggests that the bears are selling on rallies.

Sellers will again try to sink the pair below $2,111. If they manage to do that, the pair risks a fall to $1,500.

Buyers will have to kick the price above the downtrend line to signal a comeback. The pair may then attempt a rally to $3,400 and subsequently to $3,750.

XRP price analysis

XRP has been struggling to sustain above $3, signaling that the bears are fiercely defending this level.

XRP/USDT weekly chart. Source: Cointelegraph/TradingView

The up sloping 20-week EMA ($2.18) and the RSI in the positive zone suggest that buyers have the edge. The bulls will have to push and