Recovery Mode: Bitcoin, Ethereum & XRP Hold Ground Amid Market Optimism

Bitcoin steadied at $110,900 on Monday after recovering about 3% in the previous week.
Ethereum price has held between $4,232 and $4,488 for nine days, indicating trader indecision.
XRP finds support around $2.77, its 100-day EMA, predicting a rebound.
After last week's Fed rate drop predictions rose, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are exhibiting indications of stability as market risk sentiment improves. After a minor weekly comeback, BTC hovers at $110,900, while ETH remains rangebound in a tight consolidation zone. While XRP finds technical support, these top cryptocurrencies by market capitalization may rebound.
Positive momentum revives Bitcoin.
After three weeks of declines from its all-time high of $124,474, bitcoin price rose roughly 3% last week. On Mondays, it holds roughly $110,900.
If BTC keeps rallying, it might reach $116,000, its daily barrier level.
Ethereum consolidates, indicating trader indecision.
Ethereum price has been stabilizing between $4,232 and $4,488 for nine days. It traded around $4,300 on Monday after recovering from its lower consolidation barrier at $4,323.
If the lower consolidation barrier at $4,232 holds as support and ETH closes over $4,488 daily, it might climb to its record high of $4,956.
ETH might continue its slide below its 50-day EMA at $4,077 if it corrects and closes below the lower consolidation mark at $4,232.
Initial strength for XRP as momentum indications strengthen
XRP gained 3.65% last week after finding support around $2.72 on September 1. On Monday, it trades about $2.88.
If XRP keeps recovering, it might reach its 61.8% Fibonacci retracement mark at $2.99.
If XRP closes below $2.77, its 100-day EMA, it might fall to $2.72, its daily support.
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