3 Top Price Predictions: Bitcoin, Ethereum, Ripple – BTC probes critical support, ETH remains under pressure below resistance, XRP losses deepen

$76,466 is Bitcoin’s key 200-day EMA level. The price drops towards it on Wednesday, with a decisive close below signalling scope for further losses.
Near $2,255, Ethereum continues to face selling pressure after failing to close above a crucial resistance zone.
Below $1.25, XRP encounters resistance at the upper trendline of its falling channel pattern.

$76,466 is the key support level approaching for Bitcoin (BTC). A decisive close beneath it could trigger a deeper decline. Bearish momentum keeps BTC, Ethereum (ETH) and Ripple (XRP) under pressure on Wednesday. With ETH unable to clear key resistance and XRP being rejected at the upper boundary of a falling channel pattern, all three point to the risk of further losses.

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200-day EMA: Bitcoin risks deeper correction on a close below

$76,664 is Bitcoin’s Wednesday trading price. The near-term outlook remains bearish: BTC sits just above its 200-day Exponential Moving Average (EMA) at $76,466, while the 100-day EMA at $77,770 limits the upside.

Adding to overhead resistance is the 50-day EMA near $79,997. Around 35, the Relative Strength Index (RSI) points to easing downside pressure but offers no clear recovery signal. Despite tentative stabilisation above the 200-day EMA, the Moving Average Convergence Divergence (MACD) remains negative and below zero, indicating that bearish momentum retains control.

Any rebound would first encounter the 100-day EMA at $77,770, then the 50-day EMA around $79,997. Beyond these, the horizontal barrier near $85,000 presents a more substantial hurdle.

Immediate downside support sits at the 200-day EMA at $76,466. A decisive breach of this area would likely leave BTC vulnerable to a deeper correction over the coming sessions.

Ethereum remains below key resistance on a closing basis

At $2,255 on Wednesday, Ethereum retains a bearish near-term outlook below its 200-day and 100-day EMAs, at $2,315 and $2,349 respectively. The price has also fallen beneath the previously broken rising trendline, which now provides resistance near $2,399. An RSI reading of 34 places ETH close to oversold territory. Although bearish momentum has slowed, the negative MACD indicates that downside pressure persists.

A recovery would initially meet the 200-day EMA at $2,315, followed by the 100-day EMA at $2,349. Further resistance lies at the former trendline around $2,399 and a nearby horizontal barrier at $2,400. A stronger rebound would then encounter the 50-day EMA at $2,404, ahead of the higher ceiling at $2,770.

Should the decline continue, the horizontal support zone around $1,824 forms the key structural floor. Buyers would be expected to show greater interest there.

XRP retains a bearish bias

At $1.254 on Wednesday, XRP remains below its key EMAs, leaving the near-term bias bearish. Overhead resistance is layered across the 50-day EMA at $1.334, the 100-day EMA at $1.323 and the 200-day EMA at $1.377. These barriers reinforce the negative outlook as the price stays beneath the previous downward trendline break at $1.275.

With the RSI around 39 and the MACD slightly below zero, momentum remains weak. Selling pressure continues to dominate, although the immediate follow-through to the downside is not aggressive.

A rebound would first face the former trendline break around $1.275, then horizontal resistance at $1.300. The EMA cluster at $1.323 and $1.334 and the higher ceiling at $1.377 add further barriers, reinforcing the broader corrective structure. A more substantial recovery would likely encounter additional supply near $1.540 and $1.900.

Initial support lies at $1.160, ahead of a deeper floor at $1.000. A sustained move beneath these levels would create scope for a more pronounced bearish extension over the coming sessions.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Cryptocurrency prices: frequently asked questions

What impact do new token launches and listings have on cryptocurrency prices?

Demand and adoption among market participants are influenced by token launches. An exchange listing increases an asset’s liquidity and brings additional participants into its network. For a digital asset, this is generally bullish.

What happens to cryptocurrency prices following a hack?

During a hack, an attacker uses exploits, bugs or other methods to seize a large quantity of an asset from a DeFi bridge, an exchange’s hot wallet or another crypto platform. The attacker subsequently moves the tokens off exchange platforms, ultimately selling them or swapping them for other cryptocurrencies or stablecoins. Widespread panic often follows, prompting a sell-off in the affected assets.

How do cryptocurrency prices respond to macroeconomic data and events?

The direct effect on the US Dollar is the main channel through which macroeconomic events, such as interest-rate decisions by the US Federal Reserve, influence crypto assets. Higher interest rates generally weigh on Bitcoin and altcoin prices; lower rates tend to have the opposite effect. A fall in the US Dollar index makes risk assets and the leverage used to trade them cheaper, in turn lifting cryptocurrency prices.

What impact do major crypto upgrades, including halvings and hard forks, have on prices?

By cutting miners’ block rewards in half, halvings restrict the supply of an asset and are therefore generally viewed as bullish events. When demand stays constant, a reduction in supply pushes the asset’s price higher.