Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC holds $80,500, ETH rebounds from key support, XRP weakens
- Bitcoin hovers around $82,000 on Friday after testing key support around $80,500 the previous day.
- Ethereum steadies around $2,435 after rebounding from support around the 200-day EMA at $2,309.
- XRP hovers below the key EMA cluster, signaling weakening bulls and increasing downside risks.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) show mixed price action on Friday, with BTC and ETH holding above key support levels while XRP struggles below key resistance. Meanwhile, sticky inflation figures have dampened risk appetite, and momentum indicators for these top three cryptocurrencies have also weakened, signaling a risk of a deeper correction if key support fails to hold.
Bitcoin rebounds from key 50-day EMA
Bitcoin price trades at $82,106 on Friday, holding above the key Exponential Moving Averages (EMAs), which keeps the near-term bias constructive. BTC is comfortably above the 50-day EMA at $80,443, the 100-day EMA at $76,824 and the 200-day EMA at $75,751, suggesting the broader uptrend remains intact despite the recent pullback from the highs.
The Relative Strength Index (RSI) near 48 signals weakening momentum, while the Moving Average Convergence Divergence (MACD) remains below zero, hinting that bullish pressure is moderate rather than aggressive at this stage.
On the topside, initial resistance emerges at the horizontal barrier around $85,000, where previous supply has capped advances.
On the downside, immediate support is the 50-day EMA at $80,443, with deeper demand zones at the 100-day EMA at $76,824 and the 200-day EMA at $75,751.
As long as BTC holds above the $80,000 area, the technical structure favors another attempt toward $85,000, while a daily close below the 50-day EMA would open the door for a broader corrective phase toward the mid-$70,000s.
Ethereum shows weakening momentum indicators
Ethereum price trades at $2,435 on Friday, holding above the major EMAs and the reclaimed uptrend support, which keeps the broader bias moderately bullish despite the recent pullback.
ETH stands over the 100-day and 200-day EMAs at $2,356 and $2,309, respectively, while the 50-day EMA at $2,493 now caps the topside as immediate resistance.
The RSI at 39 signals weakening momentum, and the MACD remains below zero, hinting at waning upside momentum within an overall supported structure.
On the downside, initial support appears at the $2,400 horizontal level, ahead of the 100-day EMA near $2,356 and the 200-day EMA at $2,309, with the prior trendline break area around $2,269 reinforcing the broader floor before the deeper horizontal base at $1,823.
On the topside, ETH needs to reclaim the 50-day EMA at $2,493 to revive bullish momentum toward the next key barrier at the horizontal resistance zone around $2,770.
XRP closes below key EMAs
XRP trades at $1.330 on Friday, maintaining a bearish near-term tone as it holds below the 100-day, 200-day, and 50-day EMAs at $1.339, $1.377, and $1.388, respectively. The clustering of these EMAs above spot suggests rallies are likely to be capped for now, while a subdued RSI around 38 reinforces weakening momentum. The MACD remains negative with a shallow bearish profile, suggesting downside pressure persists despite the recent attempt to stabilize.
On the topside, initial resistance aligns with the 100-day EMA at $1.339, ahead of the 200-day EMA at $1.377 and the 50-day EMA at $1.388, which collectively define a dense supply zone.
A sustained break above these moving averages would expose higher resistance at $1.540 and then the horizontal barrier at $1.900.
On the downside, the first notable support is the horizontal level at $1.300; a daily close below this floor would likely open the path to a deeper correction in the coming sessions.
(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.
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