Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Source Fxstreet
  • Bitcoin trades around $79,800 on Monday, after gaining over 3.4% last week.
  • Ethereum maintains a constructive bullish bias as price holds above key EMAs.
  • XRP trades above the 200-day EMA at $1.353, defending a key long-term support level.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) maintain a constructive outlook on Monday after gaining more than 3.4%, 4% and 4.8%, respectively, last week. BTC holds steady near $80,000 while ETH and XRP show resilience and defend key support zones. The price action of these top three cryptocurrencies suggests consolidation or a mild pullback before an upside move.

Bitcoin consolidates near recent highs

Bitcoin price trades at $79,806 on Monday after gaining over 3.4% in the previous week. BTC maintains a bullish near-term bias as price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $70,000 and $72,700. 

BTC’s price above this EMA stack suggests a sustained uptrend, while the Relative Strength Index (RSI) near 65 points to firm but not yet extreme buying pressure, even as the Moving Average Convergence Divergence (MACD) turns negative, hinting at waning momentum within an overall positive structure.

On the downside, initial support is seen around the 200-day EMA at $72,749, reinforced by the 50-day EMA just below $72,100 and the 100-day EMA near $70,274, which together form a broad demand band before deeper horizontal support at $66,500 and $62,300.

On the topside, the next significant barrier aligns with the horizontal resistance at $85,000, and a daily close above this level would reopen the path toward fresh highs. In contrast, a break back through the EMA cluster would signal a deeper corrective phase within the broader uptrend.

BTC/USDT daily chart

Ethereum faces resistance near $2,550 mark

Ethereum trades at $2,502 on Monday, maintaining a constructive bullish bias as price holds above the 50-day, 100-day, and 200-day EMAs clustered between roughly $2,090 and $2,190. The RSI near 65 suggests upside momentum remains in play, though the negative Moving Average Convergence Divergence (MACD) reading hints that the latest advance is losing some traction and could slip into consolidation before attempting fresh highs.

On the downside, initial support aligns with the nearby horizontal level at $2,500, ahead of the 50-day EMA around $2,192 and the 200-day EMA close to $2,183, which together form a key demand zone if a deeper pullback unfolds.

On the topside, the next notable resistance is the key $2,550 mark, ahead of the psychological $3,000 barrier, where a clear break would reopen the path toward broader continuation of the medium-term uptrend.

ETH/USDT daily chart

XRP defends key 200-day EMA

XRP price trades at $1.407 on Monday. XRP holds a constructive bias as price extends above the 50-day, 100-day, and 200-day EMAs, with the long-term 200-day EMA rising near $1.353 and reinforcing an underlying uptrend structure. 

The RSI eases from prior overbought extremes to hover just below 60, suggesting bullish momentum is moderating but not broken. At the same time, the MACD slips marginally negative, hinting at consolidation rather than a completed top as long as price stays over the main moving average belt.

On the downside, immediate support is seen around the recent opening region and the 200-day EMA cluster near $1.353, ahead of a horizontal floor at $1.300. Meanwhile, deeper pullbacks would bring the 50-day and 100-day EMA zone around the mid-$1.200s into focus before a more distant base at $1.000.

On the topside, bulls face the next key hurdle at the horizontal resistance around $1.900, and a sustained break above this level would reopen the path toward higher highs within the prevailing daily uptrend.

XRP/USDT daily chart

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

Cryptocurrency prices FAQs

Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.

A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.

Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.

Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.

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