Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC and ETH stall below key EMAs, XRP holds crucial support
- Bitcoin extends its correction on Friday after being rejected by the 50-day EMA at $65,043.
- Ethereum steadies at $1,852 after failing to close above the 100-day EMA at $1,943.
- XRP is finding support at a key zone at $1.09, keeping the recovery outlook intact.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) came under renewed selling pressure during the second half of the week after staging a modest recovery earlier in the week. BTC trades below $63,600 on Friday, while ETH slips below $1,860 after facing rejection at key resistance levels. Meanwhile, XRP continues to hold above a crucial support zone, keeping its recovery outlook intact.
Bitcoin extends correction after facing rejection from 50-day EMA
Bitcoin price trades at $63,557 on Friday, retaining a bearish near-term bias as it holds beneath the key exponential moving averages (EMAs). BTC is capped first by a nearby horizontal resistance at $64,004, followed by the 50-day EMA at $65,039, while the 100-day and 200-day EMAs at $68,339 and $74,359 sit higher overhead, reinforcing the downside skew.
The Relative Strength Index (RSI) around 50 hints at neutral momentum, and the Moving Average Convergence Divergence (MACD) remains positive but fading, suggesting that bullish attempts are losing traction under these structural ceilings.
On the topside, immediate resistance is seen at the horizontal level of $64,004, ahead of the 50-day EMA at $65,039, which forms the next cap for any recovery attempt. Above there, the 100-day EMA at $68,339 and the 200-day EMA at $74,359 define a broader resistance band, with a more distant horizontal barrier at $84,410 marking a medium-term upside objective only if the pair can reclaim and hold above the clustered moving averages. With no nearby technical supports defined in this dataset, any pullback from current levels would leave price reliant on emerging demand rather than established chart floors.
Ethereum fails to close above the 100-day EMA
Ethereum price trades at $1,852 on Friday, holding above the 50-day EMA at $1,811 while still capped below the 100-day EMA at $1,943. This alignment hints at a neutral-to-bullish near-term bias, with price trying to build a base but facing a broader corrective structure under the higher EMAs at $1,943 and $2,188. The RSI at 58 stays in positive territory without being overbought, while the MACD remains above zero but is easing, suggesting that upside momentum is constructive yet not aggressive.
On the topside, immediate resistance emerges at the 100-day EMA near $1,943, followed by the horizontal barrier at $2,000, before the longer-term 200-day EMA at $2,188 reinforces a broader supply zone.
On the downside, initial support is seen at the 50-day EMA at $1,811, with a deeper structural floor only coming in at the horizontal level around $1,385. As long as ETH holds above the 50-day EMA, dips are likely to attract buying interest, but a sustained break above $1,943 would be needed to unlock a more decisive bullish phase toward the $2,000 region.
XRP support holds strong
XRP trades at $1.09 on Friday, keeping a bearish near-term bias as price remains decisively below the 50-day, 100-day and 200-day EMAs at $1.15, $1.24 and $1.45, respectively. XRP remains within a broader downward channel, with spot trading above the channel top near $1.03. The RSI at 45 sits in neutral territory, while the MACD is marginally positive, hinting at modest stabilization rather than a sustained bullish reversal, with these key EMAs capping the topside.
On the downside, immediate support is clustered around the channel top at $1.03, a key level that could prevent a deeper slide in the prevailing downtrend.
On the topside, initial resistance emerges at the 50-day EMA at $1.15, followed by the 100-day EMA at $1.24 and the horizontal barrier at $1.30; above there, the 200-day EMA at $1.45 and the distant horizontal line at $1.90 define a broader supply zone that would only come into play if XRP can decisively break out of its current bearish structure.
(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.
Artigos Recomendados
