Yeliz Akmaca 
The crypto market gained upward momentum ahead of the second round of trade talks between the US and China. Bitcoin (BTC) reached its highest level since May 29, currently trading at $106,599. BTC is showing positive technical signals, staying above both the 50 and 100-period EMAs.
Especially with the RSI climbing to 62, the upward movement is expected to continue. However, caution is advised due to the approach of the overbought region. The $110,000 level is watched as a critical resistance, while a potential correction could bring BTC back to around $100,000.
Ethereum (ETH) has also risen above the $2,500 level, establishing new support. Currently trading at $2,510, ETH is preparing to test resistance levels at $2,600 and $2,700. The RSI approaching the 50 line supports the buy signal. Interest in Ethereum spot ETFs continues to grow following the Pectra update.
Optimism Continues in XRP and Altcoins
XRP started an upward movement after finding support at $2.22. Now trading at $2.25, the cryptocurrency maintains its position above the 50 and 100 EMAs and continues its upward potential. The MACD indicator has been giving positive signals since Saturday.
If a daily close above the 200-period EMA occurs, XRP targets could be $2.40, $2.50, and $2.65. The continued upward move of RSI will be an important indicator for sustained gains.
This market recovery is fundamentally supported by the second round of trade negotiations between US President Donald Trump and Chinese President Xi Jinping last week. A UK government spokesperson said,
“The next round of US-China trade talks will be held in the UK on Monday. We are a country that supports free trade and has always clearly stated that a trade war benefits no one. That’s why we welcome these talks.”
The talks also involve delegations led by US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng.
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