Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC and ETH hold gains while XRP lags

Source Fxstreet
  • Bitcoin holds gains on Wednesday after surging to a two-month high of $76,038 the previous day.
  • Ethereum is near the key resistance at $2,380, a firm close above suggests further rally.
  • XRP remains subdued, with momentum indicators reflecting indecision among traders.

Bitcoin (BTC) and Ethereum (ETH) extend their recent gains, while Ripple (XRP) lags. BTC is holding near multi-week highs, while ETH is testing a key Fibonacci resistance level, but XRP’s muted price action indicates ongoing indecision among traders. 

Bitcoin could extend gains if it closes above key resistance

Bitcoin is trading above $74,500 on Wednesday, after hitting a two-month high of $76,038 the previous day. BTC has broken above the upper boundary of an ascending triangle pattern (drawn by connecting highs and lows with two trendlines since early February) and holds above the 50-day Exponential Moving Average (EMA) at $71,144 at the start of this week. 

Bitcoin price has just reclaimed the 38.2% Fibonacci retracement at roughly $74,487, turning it into a nearby pivot layer, while the 100-day EMA around $75,268 and the horizontal barrier at $75,680, reinforced by the channel top near $75,764, define a dense resistance band overhead.

The Relative Strength Index (RSI) on the daily chart hovers in the low 60s, and the Moving Average Convergence Divergence (MACD) remains positive with an expanding histogram, which together suggest firm bullish momentum as long as the spot holds above the reclaimed Fibonacci pivot.

On the downside, initial support is seen at the 50-day EMA at $71,145, a deeper pullback would expose the 23.6% Fibonacci retracement at $68,950, the rising trendline support (triangle pattern) near $67,412, and ultimately the more distant horizontal floor around $62,950.

On the topside, a sustained break above the 100-day EMA at $75,268 and the nearby $75,680–$75,764 resistance cluster would open the door toward the 50% retracement at $78,962 and the psychological $80,000 mark.

Ethereum nears the key resistance zone

Ethereum price is trading above $2,300 on Wednesday, maintaining a constructive near-term bias as it holds above the 50-day EMA at $2,182 and outside the top of the prior horizontal channel near $2,148.

ETH is still capped on the topside by the 100-day EMA at $2,355, with additional resistance from the 38.2% Fibonacci retracement of the $1,747–$3,402 leg at $2,380, while the 200-day EMA, higher up at $2,660, marks a broader trend hurdle.

Momentum conditions remain supportive, with the RSI on the daily chart around 61 and the MACD holding in positive territory, suggesting buyers retain control despite nearby overhead supply.

On the downside, initial protection sits around the current area, with the 50-day EMA at $2,182 reinforcing the former channel ceiling at $2,148 as a key demand band, ahead of deeper Fibonacci support at the 23.6% retracement level of $2,138. A daily close back inside the channel would expose the structural floor near $1,747.

On the topside, a clear break above the 100-day EMA at $2,355 would open the way toward the $2,380 Fibonacci barrier, while sustained strength above that zone could invite a broader recovery toward the 200-day EMA around $2,660.

XRP remains muted

XRP is trading at $1.35 on Wednesday, holding within a broader downward parallel channel and below a stack of key EMAs, which keeps the near‑term bias bearish. XRP price sits below the 50-day EMA at $1.40, the 100-day EMA at $1.55, and the distant 200-day EMA at $1.80, suggesting rallies remain capped by overhead trend resistance.

The RSI on the daily chart is roughly 49, neutral, while the MACD indicator is slightly positive but shallow, hinting at only modest upside momentum within an overall pressured structure.

On the topside, initial resistance is located at the 50-day EMA around $1.40, with further barriers at the 100-day EMA near $1.55 and the upper boundary of the descending channel around $1.70. Beyond that, the 200-day EMA at $1.80 and the horizontal resistance near $1.90 form a broader supply zone that would need to be cleared to shift the medium-term picture materially. 

On the downside, immediate support emerges at the horizontal level around $1.30, ahead of the lower band of the parallel channel near $0.88, where buyers would be expected to show more robust interest if the decline extends.

(The technical analysis of this story was written with the help of an AI tool.)

Cryptocurrency metrics FAQs

The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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