Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1
- Bitcoin remains under pressure on Friday after facing rejection near the 50-day EMA at $64,637.
- Ethereum has been trading sideways between the 50-day and 100-day EMAs for the last 22 days, indicating indecision.
- XRP extends its losses on Friday, gravitating toward the key $1 support zone.
Bitcoin (BTC) and Ethereum (ETH) remain under pressure on Friday after mild gains, while Ripple (XRP) slides over 5% so far this week. BTC faces rejection near a key resistance barrier, and ETH has been trading sideways for the last 22 days. Meanwhile, XRP is gravitating its correction toward the key $1 support zone.
Bitcoin faces rejection near 50-day EMA
Bitcoin price trades at $64,318 on Friday, maintaining a mildly bearish near-term bias as price holds beneath the 50-day Exponential Moving Average (EMA) at $64,637, as well as the 100-day EMA at $67,021 and the 200-day EMA at $73,149.
The Relative Strength Index (RSI) at 51 sits near neutral, while the Moving Average Convergence Divergence (MACD) hovers just below the zero line with a slightly negative reading, hinting at subdued bullish momentum and a market that remains capped by overhead trend filters.
On the topside, initial resistance is defined by the 50-day EMA at $64,637, with further hurdles at the 100-day EMA near $67,021 and the longer-term 200-day EMA at $73,149, before a higher horizontal barrier emerges at $84,410.
On the downside, immediate support is seen at the horizontal level around $64,004, where a daily close below this floor would likely open the way to a deeper corrective phase, while holding above it keeps BTC in a consolidative posture beneath the clustered moving-average resistance.
Ethereum remains directionless
Ethereum price trades at $1,901 on Friday and has been trading sideways for the last 22 days between the 50-day EMA at $1,857 and the 100-day EMA at $1,925, keeping the near-term tone neutral.
Meanwhile, the 200-day EMA at $2,132 sits well overhead and reinforces the broader corrective backdrop, while the RSI around 55 hints at moderate, rather than impulsive, bullish momentum. The MACD indicator stays below zero, suggesting upside attempts could continue to face supply against the cluster of medium- and long-term averages.
On the topside, immediate resistance is located at the 100-day EMA near $1,925, with a stronger barrier at the psychological and chart level of $2,000 before the 200-day EMA at $2,132 comes into focus.
On the downside, initial support is provided by the 50-day EMA at $1,857, with a deeper technical floor seen at the horizontal level around $1,385 if selling pressure accelerates. As long as ETH trades between the $1,857–$1,925 band, price action is likely to remain directionless, awaiting a clear break to define the next trending phase.
XRP remains under pressure
XRP price trades at $1.03 on Friday, extending a bearish near-term bias as price remains decisively below the 50-day, 100-day and 200-day EMAs at $1.11, $1.19 and $1.38 respectively. The RSI at 36 hovers just above oversold territory, while the MACD indicator holds below zero with a negative line, suggesting waning momentum but not yet signaling a clear reversal.
On the topside, initial resistance is aligned with the 50-day EMA at $1.11, followed by the 100-day EMA at $1.19 and the horizontal barrier at $1.30, while the 200-day EMA at $1.38 and a higher horizontal level at $1.90 mark stronger caps for any recovery attempts.
On the downside, immediate support is seen at the psychological and structural floor around $1.00, and a decisive break beneath this level would likely open the door to further bearish extension in the coming sessions.
(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.
