Ethereum Poised to Test Above $350 While XRP/USD Faces Risk of Dropping Toward $0.20
Bitcoin has surged past $10,000 and appears set to challenge resistance near $10,500. A sustained move above that level would strengthen the bullish case and could drive the leading cryptocurrency toward $11,000–$12,000.
Over the past 24 hours, the BTC/USD pair has gained more than 13% for the week, reversing a period of consolidation as DeFi helped spark a broader rally in altcoins.
Ethereum has also rallied, rising more than 5% today and over 37% in the last seven days to trade above $330. By contrast, XRP has been unable to hold gains above $0.22 and may slide lower if selling pressure intensifies.
The overall market picture is mixed, particularly for smaller altcoins and DeFi tokens. While some altcoins could follow Bitcoin’s lead with strong upside, Monday’s session looks lackluster for many tokens.
ETH/USD price outlook
ETH/USD could push toward $400 if bulls sustain momentum above $320 in the coming sessions.
Ethereum has built steady upside momentum over several weeks, supported by both fundamental and technical factors. Its breakout to highs around $336 underscores the relative strength of ETH compared with many other altcoins that remain under bearish pressure.
Technical indicators on the daily chart, including the RSI and an Elliott Wave structure, support further near-term upside for ETH. Although the RSI has entered overbought territory, bulls could extend their advance before encountering meaningful resistance.
XRP/USD price update
Ripple has slipped from above $0.22 after falling more than 3% in the last 24 hours. That decline erased XRP’s brief move back into the top three by market capitalization, which briefly placed it ahead of Tether.
XRP/USD sits at the neckline of a head-and-shoulders formation, suggesting a higher probability of a near-term decline. A short-term bearish move could push the pair toward $0.205 and $0.201.
Escalating selling pressure could target the 100-day moving average around $0.197.
On the upside, sellers are likely to defend the psychological $0.22 level, with the 24-hour high near $0.224 acting as a nearby resistance barrier.