- Bitcoin price rejection at the $42,867-to-$43,755 bearish breaker suggests a continuation of the downtrend.
- Ethereum price could start its retracement as the MRI shows a sell signal on the daily chart.
- Ripple price looks ready for a minor retracement as it retests the first hurdle at $0.85.
Bitcoin price is facing blockades, pausing its uptrend and even reversing it. This sudden lack of momentum has allowed bears to take control. As a result, Ethereum, Ripple and other altcoins are also undergoing minor retracement.
Bitcoin price needs a breather
Bitcoin price has been on a slow and steady uptrend since March 13, rallying roughly 15%. This move tagged the four-hour breaker, extending from $42,867 to $43,755, and is already getting rejected.
Investors can expect a continuation of this downswing at least until $40,417, Monday‘s low. In some cases, BTC might even retest the daily demand zone, ranging from $36,562 to $38,859.
BTC/USD 4-hour chart
While things are looking up for Bitcoin price, a four-hour candlestick close above $43,755 will invalidate the bearish breaker and open the path for further gains.
Ethereum price looks toppy
Ethereum price pierced the weekly supply zone, extending from $2,927 to $3,413, and failed to move higher. This lack of buying pressure combined with the Momentum Reversal Indicator (MRI)’s red ‘one’ sell signal indicates that an uptrend is unlikely.
This technical formation forecasts a one-to-four candlestick downtrend for ETH. Therefore, investors can expect ETH to revisit the weekly support level at $2,541 soon.
ETH/USD 1-day chart
Regardless of the optimism surrounding the upcoming Merge for Ethereum price, a weekly close below $2,541 will invalidate the bullish thesis and trigger a correction to $2,000 or lower.
Ripple price remains bullish
Ripple price enjoyed gains for the better part of last week when most altcoins were struggling to move higher or experiencing losses. However, after a 16% ascent and retesting the first target at $0.85, XRP price is experiencing a slowdown.
While the bullish thesis is intact, investors can expect the remittance token to slide lower and retest the $0.80 or $0.76 barrier before triggering another leg-up to $0.91 and $1.00.
XRP/USD 1-day chart
As optimistic as Ripple price might seem, the bullish thesis will face invalidation if the four-hour demand zone, extending from $0.68 to $0.70, is breached. While this move would put an end to the short-term uptrend, it doesn’t invalidate the long-term bullish thesis for Ripple.
XRP bulls have another opportunity at the nine-hour demand zone, ranging from $0.546 to $0.633, to give the uptrend another go and recover the losses.
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
Editors’ Picks

AI tokens to watch for: TAO, NEAR, ICP surge amid Google, Meta investment pledges
Artificial Intelligence (AI) tokens such as Bittensor (TAO), Near Protocol (NEAR), and Internet Computer (ICP) surged on Tuesday with Trump’s energy and AI innovation push. The investment pledges were made by American tech giants, including Google and Meta.

Trump strikes deal to unblock crypto bills in House, GENIUS Act set for vote
Donald Trump announced on Wednesday that 11 of the 12 House representatives have agreed to support the GENIUS Act, which outlines a regulatory framework for stablecoins. The bill could face a full vote as early as Wednesday.

Top Crypto Gainers: ENS, CRV, SEI – Bulls eye further gains amid breakout runs, golden crossovers
The broader cryptocurrency market maintains bullish momentum, with altcoins such as Ethereum Name Service (ENS), Curve DAO (CRV), and Sei (SEI) extending gains amid Bitcoin (BTC) slipping below $118,000.

Crypto Week in jeopardy as House lawmakers fail to pass procedural motion
Lawmakers denied a procedural move that aimed to initiate formal deliberations on three cryptocurrency-related bills, including the GENIUS stablecoin, the CLARITY, and Anti-CBDC bills, which form the basis for the House Crypto Week.

Bitcoin: BTC hits new all-time high and enters price discovery mode
Bitcoin price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates. The surge in BTC was supported by rising corporate and institutional demand, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.

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.