Bitcoin Defends $60,000 Support as XRP Slides Toward $1 Threshold

Bitcoin closed the week just above the $60,000 psychological level and held the 200‑week moving average near $61,880, keeping a key technical support intact. The cryptocurrency’s RSI fell to about 15.5, the lowest since the March 2020 crash, indicating extreme overselling. Analysts note that while geopolitical optimism – including recent statements by U.S. President Donald Trump about a possible Iran deal – can boost market risk appetite, a sustained rally will require stronger technical fundamentals.

Meanwhile, XRP lost roughly 9% this week and is testing the $1 support zone that many traders view as a critical hinge. The price break follows a longer consolidation phase and is accompanied by bearish signals such as a 3‑day MACD cross. With limited buying interest in the order book, further downside pressure could accelerate if the $1 level is breached.