Bitcoin began the week at $63,800 after closing the previous week on a positive note. Analysts suggest Bitcoin is at a critical point, with its current price behavior resembling past cycles. The price may continue to fluctuate within its current range, potentially testing lower levels around $61,000 before making a decisive move.

XRP is facing resistance between $0.59 and $0.62 and has struggled to break above this level, suggesting a potential correction. The price movement since early August has shown a three-wave pattern, lacking a clear trend direction. For a bullish outlook, XRP needs to hold above the August low of around $0.43 and break through resistance at $0.63 and $0.66. If the price drops, support levels around $0.54, $0.52, and $0.49 could be tested.

A possible correction scenario for XRP involves an ABC structure, with the "C" wave potentially forming a diagonal pattern. The rally from August 5th to August 7th may be part of this structure, indicating a potential wave 1 of a diagonal pattern. A pullback could represent wave 2, forming a higher low above the August low of $0.43. For the bullish scenario to gain momentum, XRP needs to break above the recent high of $0.63 and the July high of $0.66, confirming the continuation of the uptrend.