Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC extends winning streak, ETH clears key hurdle, XRP steadies
- Bitcoin trades above the 50-day EMA at $65,089 on Monday, printing four consecutive weeks of gains.
- Ethereum closes above the 100-day EMA at $1,934, signaling a bullish move ahead.
- XRP steadies at $1.10, with momentum indicating mild bullish signs.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain. ETH has strengthened its bullish outlook by closing above its 100-day Exponential Moving Average (EMA), while XRP stabilizes around $1.10, with momentum indicators suggesting a mild upside bias.
Bitcoin could extend gains as it closes above the 50-day EMA
Bitcoin price trades at $65,199 on Monday, holding a neutral-to-bullish bias as price sits above the 50-day EMA at $65,089 but remains capped by the 100-day EMA at $67,787 and the distant 200-day EMA near $73,848. The reclaim of the short-term EMA hints at an attempt to stabilize after recent volatility, while the Relative Strength Index (RSI) around 54 signals moderate, rather than aggressive, buying pressure as the Moving Average Convergence Divergence (MACD) cools with a still-positive but fading reading, suggesting upside attempts may face headwinds into overhead averages.
On the topside, initial resistance emerges at the 100-day EMA near $67,787, with a subsequent barrier at the 200-day EMA around $73,848 and a major horizontal cap up at $84,410.
On the downside, immediate support is provided by the 50-day EMA at $65,088, ahead of a more important horizontal floor at $64,004; a sustained break back below this band would weaken the current constructive tone and expose a deeper corrective phase.
Ethereum closes above 100-day EMA
Ethereum price trades at $1,945 on Monday after surging over 4% in the previous week. ETH is keeping a bullish near‑term bias as price holds above the 50‑day and 100‑day EMAs at roughly $1,841 and $1,934, respectively. This configuration suggests the recent advance is supported by the medium‑term trend, while the RSI near 62 points to firm but not extreme upside momentum. The MACD indicator remains in positive territory, reinforcing the constructive tone as long as the pair stays above its reclaimed short‑ and medium‑term EMAs.
On the topside, initial resistance emerges at the psychological $2,000 mark, with the 200‑day EMA higher up near $2,158 forming a more significant barrier that would need to be cleared to unlock a stronger bullish extension.
On the downside, immediate support is provided by the 100‑day EMA around $1,934, followed by the 50‑day EMA near $1,841; a break below the latter would suggest a deeper corrective phase toward the broader horizontal floor at $1,385.
XRP steadies below key EMAs
XRP price trades at $1.10 on Monday, maintaining a bearish near-term bias as price holds below the 50-day, 100-day and 200-day EMAs clustered overhead from roughly $1.14 to $1.43.
The structure suggests rallies are being capped by these descending EMAs, even as the RSI hovers near the neutral 50 line at 49 and the MACD remains marginally positive, hinting at only modest recovery attempts within a broader corrective phase.
On the topside, initial resistance is aligned at the 50-day EMA near $1.13, followed by the 100-day EMA at $1.22 and the horizontal barrier at $1.30; above these, the 200-day EMA at $1.43 and the prior horizontal cap at the $1.90 mark are stronger medium-term supply zones.
On the downside, the first notable support sits at the psychological and chart level of $1.00, where buyers may attempt to defend the latest pullback if selling pressure resumes.
(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.
