Bitcoin and XRP both saw sharp pullbacks today, but analysts say the broader trend remains bullish.

Bitcoin closed at $117,763 after failing to break above $121,000 resistance, down 1.87%. XRP dropped 8.37% to $3.25 after hitting a new all-time high near $3.60 earlier this week. Technical indicators suggest the decline is likely a short-term correction rather than a trend reversal.

The Fear & Greed Index still reads 70, signaling market optimism. Analysts point to continued strength in Bitcoin’s trend with an ADX score of 29 (above the 25 trend-confirmation level), while BTC remains well above its 50-day and 200-day moving averages—at $110,976 and $88,217 respectively.

XRP also continues to trade roughly 25% above its 50-day EMA. Its RSI currently sits at 66, cooling off from overbought levels while remaining bullish.

Meanwhile, the GENIUS Act has introduced legal clarity for crypto in the U.S., and institutions like JP Morgan continue validating BTC and XRP as collateral assets.

This is not a collapse. It’s consolidation.

For those preparing to build wealth in this cycle, 19Keys has dropped the full crypto and tokenomics course bundle for $44 (formerly $444).

Comment BUNDLE to get access.