Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC eyes breakout, ETH defends key support, XRP recovery stays on track
- Bitcoin nears the 50-day EMA at $65,028 on Monday, where a break above suggests a bullish move.
- Ethereum stabilizes near $1,876 after holding firm above the $1,800 support zone the previous week.
- XRP remains above the critical $1.09 support, keeping its recovery outlook intact as it trades above $1.10.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are starting the week on a mild constructive note as the broader crypto market attempts to recover. BTC is approaching a key technical hurdle at $65,028, and ETH is holding above the important $1,800 support zone. Meanwhile, XRP continues to defend the $1.09 level, keeping its near-term recovery outlook intact. The price action of these top three cryptocurrencies shows that the resilience of these support zones suggests that buyers are still active despite recent market volatility.
Bitcoin could extend gains if it closes above 50-day EMA
Bitcoin trades at $64,927 on Monday, recovering 1.45% over the previous week. Despite the mild rebound, BTC maintains a bearish bias, with price remaining below a dense band of Exponential Moving Averages (EMAs). BTC is capped by the 50-day EMA at $65,028, with the 100-day EMA at $68,141 and the 200-day EMA at $74,112 stacked higher, which collectively suggest that rallies are still occurring within a broader corrective phase.
The Relative Strength Index (RSI) around 54 hints at mildly positive momentum, while the Moving Average Convergence Divergence (MACD) remains in positive territory but has been losing altitude, reinforcing the idea of a constrained bounce rather than a sustained bullish reversal as long as these overhead EMAs are not reclaimed.
On the downside, immediate support is seen near $64,004, where buyers previously emerged, and a break below this floor would expose further weakness toward the key psychological level at $60,000.
On the topside, initial resistance is provided by the 50-day EMA at $65,028, followed by the 100-day EMA at $68,141, then the 200-day EMA at $74,112, before a more distant barrier near $84,410 comes into focus. Only a decisive daily close above the 50-day EMA would start to ease the immediate bearish pressure. At the same time, a sustained move through the 100-day and 200-day EMAs would be needed to restore a more constructive medium-term outlook.
Ethereum remains strong as it holds the 50-day EMA
Ethereum price trades at $1,882 on Monday after rebounding 3.62% in the previous week. ETH holds above the 50-day EMA at $1,818, hinting at a cautiously constructive bias, but it remains well below the 100-day and 200-day EMAs at $1,938 and $2,180, respectively, which continue to cap the broader recovery.
The RSI hovers near 60, while the MACD remains in positive territory, both suggesting bullish momentum is improving but still has to contend with overhead trend barriers.
On the topside, initial resistance emerges at the 100-day EMA around $1,938, ahead of the psychological horizontal barrier at $2,000 and the longer-term 200-day EMA near $2,180.
On the downside, immediate support is seen at the 50-day EMA around $1,818, with a deeper floor only appearing at the prior horizontal support zone near $1,385, where buyers would be expected to defend the broader medium-term base.
XRP support remains strong
XRP trades at $1.10 on Monday, with a mild recovery in the previous week. XRP holds well below the 50-day, 100-day and 200-day EMAs at $1.14, $1.23 and $1.44 respectively, which keeps the broader tone bearish despite the recent stabilization off the lows.
The RSI sits just below the 50 line. At the same time, the MACD is marginally positive, hinting at waning downside momentum rather than a decisive bullish shift, with price remaining capped beneath these EMAs.
On the topside, immediate resistance is seen at the 50-day EMA near $1.14, followed by the 100-day EMA at $1.23 and the horizontal barrier at $1.30; beyond that, the 200-day EMA at $1.44 and the higher horizontal level at $1.90 define a more distant supply zone.
On the downside, initial support aligns with the upper boundary of the prevailing downward channel at around $1.00, where a break would expose further weakness and reinforce the broader 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.
Author
Manish Chhetri
FXStreet
Manish Chhetri is a crypto specialist with over four years of experience in the cryptocurrency industry.
