Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP continue to sell off

Mitrade
Trending Articles
coverImg
Source: DepositPhotos

Bitcoin price continues declining on Friday after falling more than 15% this week.


Ethereum price closed below its daily support level of $2,359, continuing its downward trend. 


XRP is approaching its daily support at $1.96; a firm close below would continue its downward momentum.


Bitcoin (BTC) price continues declining on Friday after falling more than 15% this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by nearly 24% and 21%, respectively.


Bitcoin bears aiming for the $73,000 mark


Bitcoin price broke out of its prolonged consolidation phase, slipping below the $94,000 support level and closing at $91,552 after a 4.89% decline on Monday. BTC continued its correction by 8.2% in the next three days and closed below its $85,000 support level on Wednesday. At the time of writing on Friday, it continues its sell-off, trading at around $81,000.


If BTC continues its correction, it could extend the decline to test its next support level at $73,000.


The daily chart’s Relative Strength Index (RSI) indicator reads 21, below its oversold conditions and points downwards, indicating significant selling pressure but technically may be due for a potential reversal or bounce. However, traders should be cautious as the RSI may remain below oversold levels and continue correcting.


BTC/USDT daily chart

BTC/USDT daily chart


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


Ethereum is poised for further downside if it closes below $2,125


Ethereum price declined almost 11% on Monday. It continued its downtrend for the next three days, declined 8.4% and closed below its daily support level at $2,359. At the time of writing on Friday, it continues its downleg, retesting its February 3 low of $2,125.


If ETH continues its downtrend and closes below $2,125, it could extend the decline to retest its weekly support level of $1,905.


Like Bitcoin, Ethereum’s RSI on the daily chart reads 27, below its oversold conditions and points downwards, indicating significant selling pressure but technically may be due for a potential reversal or bounce. However, traders should be cautious as the RSI may remain below oversold levels and continue correcting.


ETH/USDT daily chart

ETH/USDT daily chart


On the other hand, if ETH recovers, it could extend the recovery to test its resistance level at $2,359.


Ripple bears could target the $1.77 level 


Ripple price declined nearly 12% on Monday and reached a daily low of $2.06 the next day. XRP continued its decline by 5.33% until Thursday. At the time of writing on Friday, it trades down by 7.6%, at around $2.03.


If XRP closes below the $1.96 daily support level, it will extend the decline to test its February 3 low of $1.77.


The RSI on the daily chart reads 29, below its oversold conditions and points downwards, indicating significant selling pressure but technically may be due for a potential reversal or bounce. However, traders should be cautious as the RSI may remain below oversold levels and continue to correct.


XRP/USDT daily chart

XRP/USDT daily chart


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

Read more

  • BNB Price Rebounds as Traders React to CZ’s Pardon — But One Roadblock Remains
  • US CPI headline inflation set to rise 3.1% YoY in September
  • US CPI headline inflation set to rise 3.1% YoY in September
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    4 US Economic Events with Crypto Implications This WeekThis week will be action-packed, with multiple US economic events scheduled that are poised to influence traders’ and investors’ portfolios.
    Author  Beincrypto
    46 mins ago
    This week will be action-packed, with multiple US economic events scheduled that are poised to influence traders’ and investors’ portfolios.
    placeholder
    Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP extend gains, gear up for another bullish weekBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) extend gains on Monday after rallying more than 5%, 4%, and 10%, respectively, in the previous week amid improving market sentiment.
    Author  FXStreet
    3 hours ago
    Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) extend gains on Monday after rallying more than 5%, 4%, and 10%, respectively, in the previous week amid improving market sentiment.
    placeholder
    BNB Price Rebounds as Traders React to CZ’s Pardon — But One Roadblock RemainsBNB is up 4.4% in the past 24 hours, standing out as the only top-10 coin to post positive 30-day gains (+11%). The move follows Trump’s pardon of former Binance CEO Changpeng “CZ” Zhao.
    Author  Beincrypto
    Oct 24, Fri
    BNB is up 4.4% in the past 24 hours, standing out as the only top-10 coin to post positive 30-day gains (+11%). The move follows Trump’s pardon of former Binance CEO Changpeng “CZ” Zhao.
    placeholder
    Bitcoin could see a sharp drop below $100,000 by weekend: Standard CharteredBitcoin (BTC) declined toward $107,000 on Wednesday, as Standard Chartered's Geoffrey Kendrick predicted an "inevitable" drop below $100,000.
    Author  FXStreet
    Oct 23, Thu
    Bitcoin (BTC) declined toward $107,000 on Wednesday, as Standard Chartered's Geoffrey Kendrick predicted an "inevitable" drop below $100,000.
    placeholder
    Analysts compare Bitcoin to the Soybean crash, predict sharp moves aheadAnalyst notes that the BTC price movement mirrors the Soybean price ahead of its 1977 crash, when it declined 50% in value.
    Author  FXStreet
    Oct 22, Wed
    Analyst notes that the BTC price movement mirrors the Soybean price ahead of its 1977 crash, when it declined 50% in value.
    Live Quotes
    Name / SymbolChart% Change / Price
    BTCUSD
    BTCUSD
    0.00%0.00
    ETHUSD
    ETHUSD
    0.00%0.00
    XRPUSD
    XRPUSD
    0.00%0.00

    cryptocurrency Related Articles

    • Trading Chart Patterns:Ultimate Guide to Price Action
    • How to Day Trade Crypto? Simplest Day Trading Strategy Ever
    • Places that Provide Cheapest Ways to Buy Bitcoin In 2025
    • 10 Best Crypto With Most Potential to Buy and invest in 2025 - Top Picks from Expert Traders
    • What is Starknet (STRK)? Value of Starknet Coin and Project Development
    • How To Buy Bitcoin In Malaysia? Top 7 Best Crypto Exchanges & Trading Apps

    Click to view more