Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC corrects to test key 200-day EMA, ETH and XRP extend deeper losses
- Bitcoin extends its correction, trading near the 200-day EMA at $76,423, a close below could trigger further losses.
- Ethereum corrects below $2,215 after closing below the key EMAs.
- XRP trades below $1.230 on Friday after falling over 5% so far this week.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are pointing to a fourth consecutive week of losses since early October, down over 2.5%, 4% and 5% so far this week. BTC approaches its key 200-day Exponential Moving Average (EMA) support at $76,423, while ETH slips below $2,215 and XRP trades under $1.230 on Friday, with these top three cryptocurrencies facing mounting downside risks.
Bitcoin slides toward $77,000
Bitcoin price trades at $77,477 on Friday, maintaining a bearish near-term tone as it slips back below the 100-day Exponential Moving Average (EMA) at $77,814 while holding just above the 200-day EMA at $76,423.
This setup suggests a corrective phase within a broader uptrend, with the shorter EMAs now acting as overhead supply. The Relative Strength Index (RSI) at 34 leans toward oversold territory, and the Moving Average Convergence Divergence (MACD) remains negative, reinforcing downside pressure despite long-term trend support underneath.
On the topside, initial resistance emerges at the 100-day EMA near $77,814, followed by the 50-day EMA around $80,585, while a more distant horizontal barrier is located at $85,000.
On the downside, the 200-day EMA at $76,423 forms key underlying support; a sustained break below this level would likely open the door to a deeper pullback, whereas a recovery above $77,815 would ease immediate bearish pressure and allow for a broader consolidation within the recent range.
Ethereum extends correction below 200-day EMA
Ethereum price trades at $2,213 on Friday, extending a corrective phase below its major EMAs and keeping the near-term bias bearish. ETH has slipped below the 200-day EMA at $2,313 and the 100-day EMA at $2,357, while remaining beneath the prior upward support trendline now acting as resistance around $2,364, suggesting rallies are likely to be capped by overhead supply.
The RSI at 28 sits in oversold territory, and the MACD indicator holds in negative territory with a bearish profile, reinforcing downside pressure despite the chance of short-lived bounces.
On the topside, initial resistance emerges at the 200-day EMA near $2,313, followed by the 100-day EMA at $2,357 and the broken rising trendline barrier around $2,364, creating a dense cap ahead of the horizontal hurdle at $2,400. Above that, the 50-day EMA at $2,434 is the next bullish objective, with a more distant resistance level at $2,770.
On the downside, the first meaningful support aligns with the horizontal floor at $1,823, where buyers could attempt to stabilize the decline if the current bearish swing extends further.
XRP loses the key support zone
XRP trades at $1.227 on Friday, extending a bearish phase as it holds below the short-, medium- and long-term EMAs, with the 100-day EMA at $1.329 and the 200-day EMA at $1.369 reinforcing a capped backdrop.
Momentum remains heavy, with the RSI hovering near the lower 30s and the MACD indicator slipping deeper into negative territory, suggesting sellers remain in control despite proximity to oversold conditions.
On the topside, initial resistance appears at the horizontal barrier near $1.300, ahead of the 100-day EMA at $1.329 and the 50-day EMA at $1.350, while the 200-day EMA at $1.369 marks a stronger structural hurdle before higher resistance at $1.540 and $1.900.
On the downside, the next notable support level is $1.000, and a sustained break toward this floor would likely expose XRP to deeper near-term weakness. At the same time, any rebound is expected to struggle below the clustered EMAs overhead.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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.
추천 기사
