Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC faces $64K hurdle, ETH signals caution, XRP defends key support
- Bitcoin price faces rejection around $64,000 after a mild recovery in the previous week.
- Ethereum price closes above the 50-day EMA at $1,800, but a break back below this level could signal a renewed correction.
- XRP trades just above the downward-trending parallel channel support at $1.06, suggesting consolidation.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure at the start of the week on Monday, after BTC and ETH recovered slightly, while XRP corrected by over 6% in the previous week. BTC has struggled to break above the $64,000 resistance level, while ETH is attempting to hold above the key support at $1,800, a level that could determine the next directional move. Meanwhile, XRP is consolidating just above the lower boundary of its descending parallel channel around $1.06.
Bitcoin faces rejection from the $64,000 mark
Bitcoin price trades at $63,398 on Monday, following a mild recovery in the previous week. BTC maintains a bearish near-term tone, remaining below the key exponential moving averages. Price remains below the 50-day Exponential Moving Average (EMA) at $65,214, the 100-day EMA at $68,689 and the 200-day EMA at $74,623, suggesting that a well-defined overhead supply zone still constrains rallies.
The Relative Strength Index (RSI) hovers around the neutral 50 mark. At the same time, the Moving Average Convergence Divergence (MACD) remains in positive territory, hinting at improving, though not yet decisive, bullish momentum against this dominant structural cap.
On the topside, initial resistance emerges at the horizontal barrier near $64,004, where recent price action is already struggling to gain traction. Beyond that, the 50-day EMA at $65,214 is the next hurdle, followed by the 100-day EMA at $68,689 and the 200-day EMA at $74,623, before a more distant horizontal resistance stands around $84,410.
On the downside, the lack of clearly defined nearby support levels in this setup leaves the pair vulnerable to renewed selling should momentum fade, with traders likely to look to the $60,000 key psychological level on the chart for potential demand zones.
Ethereum could extend losses if 50-day EMA fails to hold
Ethereum price trades at $1,809 on Monday, holding just above the 50-day EMA at $1,800 while still trading well below the 100-day EMA at $1,947 and the 200-day EMA at $2,204. This configuration suggests a cautious, neutral-to-bullish bias, with price attempting to base above short-term trend support yet capped by the broader downtrend.
The RSI near 58 leans bullish without signaling overbought conditions, and the MACD remains in positive territory, suggesting upside momentum is building but not yet strong enough to challenge the dominant overhead levels.
On the topside, initial resistance is seen at the 100-day EMA around $1,947, ahead of the psychological and chart barrier at $2,000, with the 200-day EMA near $2,204 acting as a more distant cap if the recovery extends.
On the downside, the 50-day EMA at about $1,800 is the first line of support; a daily close back below this level would expose the next meaningful floor at the previously charted horizontal support near $1,385, where buyers last built a more durable base.
XRP hovers around the downward parallel-channel support at $1.06
XRP price trades at $1.08 on Monday after losing over 6% in the previous week. XRP maintains a bearish near-term tone as it holds below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1.16 and $1.47.
XRP trades just above the downward parallel channel support at $1.06, suggesting price is consolidating near the lower band, while the RSI at around 42 hints at subdued buying pressure. The MACD remains marginally positive, implying only modest recovery attempts within a broader capped structure.
On the topside, initial resistance appears at the 50-day EMA near $1.16, followed by the 100-day EMA near $1.26 and the horizontal barrier near $1.30, with the 200-day EMA near $1.46 and the prior horizontal cap near $1.90 reinforcing a higher-term supply band.
On the downside, the immediate level to watch is the channel support at $1.06, as a clear break below this floor would open the way for a deeper pullback. At the same time, a sustained bounce above it would be needed to ease the current bearish pressure and allow the pair to challenge the overhead EMAs.
(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.
