Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators reflect weakness

Bitcoin price hovers around $82,000 on Monday after falling nearly 15% last week.

Ethereum price closes below the $2,125 support level, hinting at a further correction.

XRP trades around $2.17 on Monday after crashing 27.25% last week.

Bitcoin (BTC) hovers around $82,000 on Monday after falling nearly 15% last week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and crashed by nearly 20% and 28%, respectively, while their momentum indicators continue to show weakness, hinting at further correction.

Bitcoin price is poised for a downleg following close below 200-day EMA 

Bitcoin price broke and closed below its 200-day Exponential Moving Average (EMA) level at $85,754 on Sunday, declining 6.37%. At the time of writing on Monday, it hovers at around $81,800.

If BTC continues its downward trend, it could extend the decline to test its February 28 low of $78,258. A successful close below this level would extend an additional decline to retest its next support level at $73,072.

The Relative Strength Index (RSI) on the daily chart reads 36, rejecting from its neutral level of 50 last week and indicating a bearish momentum. Moreover, the Moving Average Convergence Divergence (MACD) also shows a bearish crossover on Sunday, giving sell signals and suggesting a downward trend.

BTC/USDT daily chart

However, if BTC recovers, it could extend the recovery to $85,000.

Ethereum price momentum indicator display weakness

Ethereum price closed below the $2,125 support level on Sunday after declining nearly 20% last week. At the start of this week, on Monday, it trades at around $2,051.

If ETH continues its downward momentum, it could extend the decline to retest its weekly support level at $1,905.

The RSI on the daily chart reads 35 after rejecting around its neutral level of 50 last week, indicating bearish momentum. At the same time, its MACD also showed a bearish crossover last week, suggesting a continuation of a downward trend.

ETH/USDT daily chart

On the other hand, if the ETH recovers and closes above the $2,125 level, it could extend the recovery to retest its next resistance level at $2,359.

Ripple bears flaunt strength

Ripple price was rejected around its key psychological level of $3 on March 3 and declined 27% until Sunday. At the time of writing on Monday, it trades at around $2.17.

If XRP continues its correction, it could extend the decline to retest its daily support level at $1.96. A successful close below this level would extend an additional decline to test its February 3 low of $1.77.

The RSI reads 42, below its neutral level of 50, indicating a bearish momentum. The MACD also shows a bearish crossover on Sunday, giving sell signals and suggesting a downward trend.

XRP/USDT daily chart

However, if XRP recovers, it could extend the recovery to test its next resistance level at $2.72.