Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens
- Bitcoin trades at $76,900 on Friday after falling more than 4% so far this week.
- Ethereum corrects 2.5% after facing rejection near the key $2,500 resistance level.
- XRP loses over 5% and closes below the key 200-day EMA at $1.354.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday as the broader cryptocurrency market extends its losses over 4%, 2.5% and 5%, respectively, this week. BTC trades below $77,000, while ETH faces rejection near a key resistance level and XRP breaks below its 200-day Exponential Moving Average (EMA), signaling a weakening near-term technical outlook for these top three cryptocurrencies.
Bitcoin faces a pullback
Bitcoin price trades at $76,924 on Friday after falling over 4% so far this week. Despite this pullback, BTC holds a constructive bullish bias as it consolidates well above its key Exponential Moving Averages (EMAs). The Crypto King remains supported by a tight cluster of the 50-day EMA near $72,869 and the 200-day EMA around $72,935, with the 100-day EMA lower at $70,820, suggesting the broader uptrend is still intact despite the recent pullback.
The Relative Strength Index (RSI) has eased to about 54, indicating normalized but still positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) remains deeply negative, suggesting upside attempts may proceed in a more corrective, grinding fashion rather than an aggressive breakout.
On the topside, the next significant resistance aligns with the horizontal barrier at $85,000, where buyers could face profit-taking if the rally extends.
On the downside, initial support is reinforced by the 50-day and 200-day EMAs, which cluster between roughly $72,800 and $72,900, followed by the 100-day EMA at $70,820; a decisive break beneath these levels would expose the more distant horizontal supports at $66,500 and then $62,300, where stronger dip-buying interest might be expected.
Ethereum corrects as it fails to close above $2,500
Ethereum price trades at $2,449 on Friday, after a slight correction so far this week. ETH holds a constructive bullish bias, remaining comfortably above the 50-day, 100-day, and 200-day EMAs clustered between roughly $2,120 and $2,230.
The RSI at 58 leans bullish without being overbought, suggesting buyers still have room to extend the advance even as the MACD remains in negative territory, indicating upside momentum is positive in price structure but still recovering after a prior loss of steam.
On the topside, immediate resistance emerges at the nearby horizontal barrier around $2,500, with a break there exposing the higher resistance level marked at $3,000.
On the downside, initial support is reinforced by the 50-day EMA at $2,231, followed by the 200-day EMA at $2,193 and the 100-day EMA at $2,122. Meanwhile, a deeper pullback would target the psychological and horizontal floor at $2,000 before reaching more distant structural support near $1,385.
XRP closes below key 200-day EMA
XRP trades at $1.344 on Friday, down over 5%, and closed below the 200-day EMA at $1.354 earlier this week. XRP is holding in a neutral near-term stance as it oscillates between underlying moving-average support and emerging overhead supply.
XRP price remains above the 50-day and 100-day EMAs at $1.270 and $1.245, which together suggest an underlying constructive bias, but it still trades beneath the 200-day EMA at $1.354, which caps the topside for now.
The RSI around 51 signals balanced momentum after the prior overbought extremes. At the same time, the MACD indicator holds in negative territory with the line below its signal and a slightly contracting negative histogram, hinting at waning bullish follow-through after the recent spike higher.
On the downside, immediate support sits just under spot near the $1.300 horizontal level, ahead of the 50-day EMA at $1.270 and the deeper 100-day EMA support at $1.245; a daily close below this EMA cluster would likely expose the next structural floor near $1.000.
On the topside, initial resistance is defined by the 200-day EMA at $1.354, and a decisive break above this barrier on expanding volume would open the way toward the more distant horizontal resistance zone around $1.900.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs
The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
Author
Manish Chhetri
FXStreet
Manish Chhetri is a crypto specialist with over four years of experience in the cryptocurrency industry.
