Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – Major support levels contain recent sell-off as BTC, ETH and XRP recover

  • Support near the 50-day EMA at $80,878 has helped Bitcoin recover modestly, with the price above $81,800 on Friday.
  • The 100-day EMA at $2,365 provides support for Ethereum as it steadies following the recent selling pressure.
  • Horizontal support at $1.30 remains intact as XRP moves towards it, with the price around $1.32 on Friday.

The 50-day Exponential Moving Average (EMA) is holding for Bitcoin (BTC), while Ethereum (ETH) has found support near its 100-day EMA and Ripple (XRP) remains above the horizontal floor around $1.300. All three are posting modest rebounds on Friday, having corrected and tested their key support zone the day before. Price movements across these top three cryptocurrencies point to a recovery if this critical support zone remains intact. A decisive close beneath these levels, however, would signal a deeper correction.

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Bitcoin steadies near its 50-day EMA

At $81,856 on Friday, Bitcoin remains above its short- and medium-term Exponential Moving Averages (EMAs), leaving the near-term outlook mildly bullish despite the recent consolidation. Below the current price, the 50-day EMA stands at $80,878, the 100-day EMA at $77,528 and the 200-day EMA at $76,186. Their positioning points to a constructive underlying trend, although the Relative Strength Index (RSI), at around 47, is broadly neutral. With the Moving Average Convergence Divergence (MACD) still slightly negative, upward momentum has yet to become fully convincing.

The horizontal barrier around $85,000 offers the nearest resistance, with previous supply in that area potentially limiting further gains.

The first downside support lies at the 50-day EMA of $80,878. Further below, structural demand is concentrated around the 100-day EMA at $77,528 and the 200-day EMA at $76,186. Those levels would be expected to draw buyers during any wider pullback within the prevailing uptrend.

Daily chart for BTC/USDT

Ethereum steadies near $2,400

At $2,409 on Friday, Ethereum retains a constructive near-term outlook, supported by its position above the 100-day and 200-day EMAs that underpin the broader uptrend. Following a retreat from its late-February highs, ETH is now finding its footing just above nearby horizontal support around $2,400. 

An RSI reading near 41 and a still-negative MACD indicate muted momentum. As the market absorbs earlier gains, attempts to move higher may therefore remain gradual.

The 50-day EMA, around $2,475, marks the nearest upside resistance. A decisive daily close above it would clear the way towards the next major obstacle, the horizontal level near $2,770.

Demand initially comes in around $2,400. Below that, the reclaimed trendline region and the 100-day and 200-day EMAs form a more significant support cluster between roughly $2,365 and $2,316. A break below this zone would undermine the bullish structure, leaving the price vulnerable to further losses towards the horizontal floor at $1,823.

Daily chart for ETH/USDT

XRP maintains support near $1.300

At $1.320 on Friday, XRP remains below the cluster of 100-day, 50-day and 200-day EMAs spanning roughly $1.336 to $1.373, leaving its near-term outlook bearish.

With the averages positioned this way, the broader downtrend continues to constrain rallies. An RSI of 42 places momentum in mildly negative territory, while the MACD remains just below zero. Together, these readings suggest downward pressure persists, although the recent selling has eased.

The first upside obstacle is the 100-day EMA around $1.336. Beyond it, the 50-day EMA at $1.371 and the 200-day EMA at $1.373 form a tight resistance cluster. Stronger resistance lies higher at the horizontal level of $1.540, followed by $1.900.

The horizontal floor near $1.300 provides the nearest downside support. A daily close beneath it would probably pave the way for a deeper retreat. Conversely, easing the current bearish tone would require a sustained recovery above the EMA cluster.

Daily chart for XRP/USDT

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

Frequently asked questions about cryptocurrency prices

Demand and adoption among market participants are influenced by token launches. When an asset is listed on crypto exchanges, its liquidity improves and new participants join its network. These developments are generally positive for a digital asset’s price.

During a hack, an attacker uses exploits, bugs or other methods to seize a large quantity of an asset from a DeFi bridge or the hot wallet of an exchange or another crypto platform. The stolen tokens are then moved off exchange platforms, ultimately to be sold or exchanged for other cryptocurrencies or stablecoins. Such incidents often spark widespread panic and a sell-off in the affected assets.

The direct effect on the US Dollar is the main channel through which macroeconomic events, such as the US Federal Reserve’s interest rate decision, influence crypto assets. Higher interest rates usually weigh on Bitcoin and altcoin prices, while 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, which in turn pushes cryptocurrency prices higher.

By cutting miners’ block rewards in half, halvings restrict the asset’s supply and are therefore generally regarded as bullish events. When demand remains constant, a reduction in supply lifts the asset’s price.