Bitcoin Holds Steady Above $80K After Tariffs Come into Effect, XRP Also Demonstrates Resilience

Bitcoin, which has been exhibiting signs of stabilization after weeks of hesitancy and erratic trading, is currently holding steady at $84,000. The long-awaited tariffs have finally been formally introduced

Bitcoin price is stabilizing at $84,000 as the U.S. formally introduces tariffs on Chinese goods, eliminating a key uncertainty that had kept markets cautious.

Bitcoin (BTC) is holding firm in a familiar price range as the dust settles on the U.S. and China trade saga with the introduction of tariffs.

As of Monday morning, Bitcoin is trading at $84,000 and showing signs of stabilization after several weeks of hesitancy and erratic trading. This is a crucial step for Bitcoin, which had seen a massive risk appetite unwind with the cryptocurrency’s price struggling to sustain gains and maintain levels above its 200-day moving average.

The optimism in the market had also been slowing down with the fear of unanticipated regulatory shocks, and the market's mood could be shifting again as this risk event has passed and market players seem to be returning.

In terms of technical analysis, Bitcoin has successfully recovered from the black 200 EMA, which acted as a dynamic support. The relative strength index (RSI) is still neutral, leaving room for further upside potential.

Moreover, Bitcoin is approaching a crucial resistance zone between $87,000 and $89,000, which is formed by the convergence of short- and mid-term moving averages. A breakout here could quickly open the door for six-figure prices.

The recent green daily bars suggest accumulation rather than distribution, but the volume is still low compared to the exuberant November rally.

If bullish momentum persists and the cryptocurrency manages to overcome resistance in the coming days, it may take just a few weeks, not months, for Bitcoin to retest its all-time highs of $100,000.

XRP stays afloat with

Meanwhile, XRP is once again demonstrating its resilience as it solidly maintains the important $2 price level and finally stabilizes around 200 EMA.

According to the price's recent behavior, the $2 mark is acting as a technical and psychological anchor and may be setting the stage for a midterm recovery.

Since the asset's explosive rise in the latter part of last year, the 200 EMA has served as a reliable level of support, and XRP successfully defended it on the daily chart at about $1.94.

Historically, each bounce from this level has been followed by brief bullish impulses, and this time is no exception.

On the upside, one of the next levels to watch is the $2.27 area, which corresponds to the 50-day EMA and has acted as resistance in recent weeks.

If XRP breaches this level, it may move toward the descending resistance line, which has been limiting the asset's growth since January and is located around $2.60. A successful breakout above that trendline could indicate that the current consolidation phase is coming to an end and there might be potential for reacceleration toward the $3 mark.

Volume analysis shows moderate but steady recovery, with green daily candles gradually gaining ground. This type of low-volatility accumulation usually signals a breakout, especially when the price holds a critical level as persistently as XRP has done with $2.

On a broader scale, XRP's price structure is currently forming a falling wedge, which is a historical bullish pattern that usually leads to upward breakouts.

While the overall market direction and macro uncertainty are still key factors, XRP's local strength around $2 is a sign of the bulls' confidence.

If XRP continues to stabilize above this level and shows strength as it moves toward the $2.27-$2.60 zone, it seems that a new bullish phase might be approaching.

No Ethereum momentum as price struggles at $2,000

In a continuation of its recent struggles, Ethereum is once again showing signs of weakness with its price failing to maintain any upward momentum in the vicinity of the $2,000 mark.

Despite small intraday gains, the overall technical setup suggests that ETH is still far from making a significant comeback, let alone reaching its previous highs of around $3,000.

As seen on the daily chart, Ethereum has been trending downwards since early March with lower highs and lower lows forming a descending channel. The asset is trading below its 50-day EMA at $1,821 and battling the crucial 26-day EMA (blue line), which is still converging with regional price peaks. This convergence suggests a higher likelihood of rejection at these resistance points, further escalating the bearish momentum.

For bulls to gain traction, it seems that ETH needs to overcome this dynamic resistance and regain higher ground, such as the $2,200 level. Volume analysis highlights a lack of buyer interest with most trading sessions being dominated by red candles.

The Relative Strength Index (RSI