Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets slide lower in search of reaccumulation zones


  • Bitcoin price eyes a retest of the daily FVG extending from $23,951 to $22,184.
  • Ethereum price could slide 10% to $1,703, but if bearish momentum persists, ETH could even lower to $1,564.
  • Ripple price looks for accumulation opportunities before exploding to $0.633.

Bitcoin (BTC) price shows exhaustion just below a crucial psychological level. Additionally, the development of a bearish signal adds downward pressure to BTC, Ethereum (ETH), Ripple (XRP) and other altcoins. 

Read more: This is what Tron founder Justin Sun said about his alleged deal with Binance CEO Changpeng Zhao

Bitcoin price ready to make its move

Bitcoin price has been in a tight directionless consolidation since March 18 and has stayed inside between the $26,500 and $29,300 range. Looking at the last three significant higher highs for BTC formed on February 2, February 21 and March 30 shows nothing amiss with the big crypto.

However, the Relative Strength Index (RSI) and Awesome Oscillator (AO) have formed lower highs for the said time periods. This non-conformity is termed as bearish divergence and forecasts a correction.

The most recent upswing pushed Bitcoin price from $19,521 to $29,233, the midpoint to this level is $24,377. At the very least, a retracement to the mean will knock BTC down to retest the aforementioned level. Resting below the midpoint is the daily Fair Value Gap (FVG), extending from $23,951 to $22,184. 

A dip into this area could provide some relief as it could attract sidelined buyers. 

BTC/USD 1-day chart

BTC/USD 1-day chart

While the details explained above for Bitcoin price is a short-term outlook, a bounce off the daily FVG, extending from $23,951 to $22,184, is a good place for accumulation. However, if BTC flips the $30,000 psychological level into a support floor before correcting lower, it could put a lot of investors’ short stop-losses in jeopardy and could potentially invalidate the bullish thesis. In such a case, BTC could eye a retest of the next significant hurdle at $34,000.

Ethereum price looks extended

Ethereum price followed Bitcoin’s lead and consolidated for the most part, but broke free on April 4 and set up a higher high at $1,944. Similar to BTC, ETH has developed a bearish divergence. 

So a retracement to stable support levels at $1,817 or $1,703 seems likely. A further spike in selling pressure could see Ethereum price tag the FVG, extending from $1,564 to $1,478. This area is a good place for accumulation since the overall outlook for the crypto markets remain bullish. 

ETH/USD 1-day chart

ETH/USD 1-day chart

On the other hand, if sellers fail to push Ethereum price lower, it will be a failure on the bears’ part. If buyers take control at this point and flip the $2,000 psychological level into a support floor, it would invalidate the bullish thesis and attract sidelined buyers to panic buy. Such a move could further propel ETH to tag the $2,200 hurdle. 

Ripple price looks to rest before its next journey

Ripple price has been trading inside the $0.336 and $0.537 range since it was first formed in early May 2022. The recent push above the range high was met with high sell-side pressure, which led to a retracement. 

So far, XRP has shed 14% and it could continue until it finds a stable support level. The most significant contenders for Ripple bulls to form a base include $0.445 and the range’s midpoint at $0.436.

These levels are accumulation zones before Ripple price kick-starts its next run that is likely to tag the $0.633 hurdle. 

XRP/USD 1-day chart

XRP/USD 1-day chart

Invalidation of this outlook will occur if Ripple price flips the range’s midpoint at $0.436 into a resistance level. In such a case, XRP price will retest the range low at $0.336.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto fraud soars as high-risk addresses on Ethereum, TRON networks receive $278 billion

Crypto fraud soars as high-risk addresses on Ethereum, TRON networks receive $278 billion

The cryptocurrency industry is growing across multiple facets, including tokenized real-world assets, futures and spot ETFs, stablecoins, Artificial Intelligence (AI), and its convergence with blockchain technology, as well as the dynamic decentralized finance (DeFi) sector. 

Bitcoin eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows

Bitcoin eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows

Bitcoin price is stabilizing around $95,000 at the time of writing on Tuesday, and a breakout suggests a rally toward $100,000. The institutional and corporate demand supports a bullish thesis, as US spot ETFs recorded an inflow of $591.29 million on Monday, continuing the trend since April 17.

Meme coins to watch as Bitcoin price steadies

Meme coins to watch as Bitcoin price steadies

Bitcoin price hovers around $95,000, supported by continued spot BTC ETFs’ inflows. Trump Official is a key meme coin to watch ahead of a stakeholder dinner to be attended by President Donald Trump. Dogwifhat price is up 47% in April and looks set to post its first positive monthly returns this year.

Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities

Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities

Cardano co-founder Charles Hoskinson announced Monday that Bitcoin is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality. 

Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge 

Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge 

Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP