Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP sellers take charge as momentum fades

• Bitcoin slips below the midpoint of the channel at $69,000, nearly erasing its gains so far this week.
• Ethereum faces rejection from the 50-day EMA near $2190, hinting at potential downside risk.
• XRP momentum indicators are signaling weakening upside strength.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing early signs of weakness, with momentum indicators suggesting the bears are in control. BTC slips below $69,000, ETH faces rejection from a key level, while XRP erases its gains so far this week. These top three cryptocurrencies by market capitalization are pointing to a deeper correction in the upcoming days as sellers take charge.

Bitcoin slips below the midpoint support

Bitcoin is trading at $68,900 on Friday, down more than 3% from the previous day. The near-term bias is cautiously bearish as price holds within a parallel channel, trading below the channel midpoint at $69,000. BTC remains well below the 50-day and 100-day Exponential Moving Averages clustered between $72,000 and $78,000, respectively, which continue to cap the broader upside and frame the current advance as a corrective bounce within a broader pullback.

Momentum leans slightly bearish: the Relative Strength Index (RSI) on the daily chart hovers in the mid-40s, reflecting limited buying pressure, while the Moving Average Convergence Divergence (MACD) indicator stays below the zero line with a modestly negative reading, suggesting early signs of downside momentum.

Initial resistance emerges at the channel top around $72,500, reinforced by the descending 50-day EMA near $72,000; a daily close above this area would be needed to weaken the bearish structure and open the way toward the 100-day EMA near $77,500. 

On the downside, immediate support lies at the recent swing area around $68,000, followed by the channel base and the prior low near $65,900, where buyers previously stepped in. A break below $65,900 would confirm a fresh leg lower toward $60,000, its key psychological level.

Ethereum corrects after facing rejection from the 50-day EMA

Ethereum is trading at $2,070 as of writing on Friday, after being rejected by the 50-day EMA near $2,190 earlier this week.

The near-term bias remains mildly bearish within the established channel, as price holds below both the 50-day and 100-day EMAs, which continue to slope lower and cap the upside. 

The RSI on the daily chart at 47 leans slightly below the neutral midline, suggesting fading bullish momentum after the recent bounce from channel lows. The MACD line has slipped below its signal line and turned negative, reinforcing building downside pressure while the broader structure remains corrective rather than impulsively higher.

Immediate resistance aligns near $2,138 at the 23.6% Fibonacci retracement of the slide from $3,402 to $1,747, sitting just under the channel top around $2,148, where sellers have tended to re-emerge. A daily close above this belt would open the way toward the 38.2% retracement at $2,380, where the declining 50-day EMA comes into play as additional headwind. 

On the downside, initial support appears at Monday’s low around $2,030, followed by the psychological $2,000 handle. A break below $2,000 would expose the channel floor near $1,750, where the prior Fibonacci origin overlaps with structural support and would be expected to attract dip-buying interest if tested.

XRP momentum indicators show bearish bias

XRP price is trading at $1.37 as of Friday, after being rejected from the midpoint of the descending channel earlier this week. XRP holds in the lower half of a descending channel that caps prices below roughly $1.84, keeping the near-term bias weakly bearish within a broader corrective phase. Daily closes remain well beneath the 50-day and 100-day EMAs near $1.48 and $1.65, respectively, which continue to track lower and act as a dynamic ceiling on rebounds.

Momentum has faded, with the daily RSI slipping back toward the mid-40s after failing to sustain above 50, while the MACD line now sits below its signal and edges under the zero line, suggesting sellers retain the initiative as the recent bounce stalls.

Initial support is seen at the horizontal level around $1.30, close to the lower half of the channel, and a decisive break below this area would expose the channel floor near $1.02. 

On the upside, minor resistance aligns first with the descending 50-day EMA around $1.48, followed by the 100-day EMA near $1.65, where the upper band of the recent range converges. A daily close above $1.65 would be needed to ease downside pressure and open a move toward the upper boundary of the channel near $1.84, while failure to reclaim the moving averages would keep the focus on a grind lower toward $1.30.

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