Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC falls below $80,000 as bears retain control of ETH and XRP

  • Three consecutive weeks of losses leave Bitcoin trading below $79,900 on Monday as its correction continues.
  • A close beneath the key rising trendline points to weakness in Ethereum, which trades lower at $2,315.
  • A deeper correction becomes a greater risk for XRP as it falls through key horizontal support around $1.30.

Three successive weeks of declines have left Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) under sellers’ control, with losses continuing on Monday. Below $80,000, BTC leads the retreat, while ETH and XRP fall to $2,315 and $1.30, respectively. Price movements across these top three cryptocurrencies point to deteriorating momentum indicators and a greater risk of a deeper correction.

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Bitcoin retreats beneath $80,000

At $79,840 on Monday, Bitcoin remains above its 100-day and 200-day Exponential Moving Averages (EMAs), at $77,677 and $76,300, respectively. These longer-term averages continue to support the broader uptrend, although the 50-day EMA at $80,787 limits the upside. 

Bullish momentum is waning, with the Relative Strength Index (RSI) reading 40. Meanwhile, the Moving Average Convergence Divergence (MACD) remains negative and beneath its signal line, accompanied by a persistently weak histogram. Together, these readings suggest that attempts to advance are losing impetus, despite support from the longer-term averages.

Any recovery would first encounter resistance at the 50-day EMA near $80,787. Beyond that lies the horizontal barrier at $85,000, where selling pressure seen previously is likely to return.

The 100-day EMA around $77,677 provides the first downside support, with a more substantial structural floor below at the 200-day EMA near $76,300. A daily close beneath the latter would considerably undermine the medium-term bullish structure.

Daily BTC/USDT chart

Ethereum falls through its key rising trendline

Trading below its key EMAs at $2,314 on Monday, Ethereum retains a bearish short-term bias. Immediately above the price sits the 200-day EMA at $2,316. The former rising trendline, now resistance at $2,337, and the 100-day EMA at $2,362 add further obstacles to a recovery.

With the RSI near 32, oversold conditions are building. Nevertheless, the MACD remains negative with muted readings, indicating that downward pressure persists despite the proximity to oversold territory.

A rebound would initially face the 200-day EMA at $2,316, then the broken support trendline around $2,337 and the 100-day EMA at $2,362. Further resistance lies at the horizontal barrier near $2,400, ahead of the 50-day EMA at $2,458 and the more distant $2,770 resistance zone.

Should the current decline continue, the next significant support lies at the horizontal level of $1,823. Buyers could seek to stabilise the broader uptrend there.

Daily ETH/USDT chart

XRP finishes below its key support area

Below its 50-day, 100-day and 200-day EMAs, XRP retains a bearish short-term outlook as it trades at 1.291 on Monday. Weakness is also evident in the RSI reading of 38 and the slightly negative MACD. Both suggest that downward pressure continues to prevail, even as momentum eases somewhat.

For a recovery, the first hurdle is the psychological horizontal level at $1.30, ahead of the 100-day EMA at $1.333 and the 50-day EMA at $1.361. Beyond these, a wider supply zone is formed by the 200-day EMA at $1.370 and the previous horizontal ceiling at $1.540, before the major barrier at $1.900. No significant support levels are established nearby, leaving XRP needing to regain at least the $1.300–$1.333 area to temper the prevailing bearish bias.

Daily XRP/USDT chart

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

Key cryptocurrency metrics: FAQs

For each cryptocurrency, its developer or creator determines the total number of tokens available to be minted or issued. The algorithm underpinning the blockchain technology limits how many of these assets can be minted through mining, staking or other mechanisms. Circulating supply can also fall, whether through token burning or assets being mistakenly sent to addresses on other, incompatible blockchains.

Multiplying an asset’s circulating supply by its current market value gives its market capitalisation.

The total number of tokens of a particular asset exchanged between buyers and sellers during a specified trading period, such as 24 hours, constitutes its trading volume. Combining volumes across centralised and decentralised exchanges, this measure helps assess market sentiment. Rising volume often indicates demand for an asset, as more people buy and sell the cryptocurrency.

To encourage traders to take positions and keep perpetual contract prices aligned with spot markets, exchanges use funding rates. Through this mechanism, periodic payments bring futures prices and index prices into regular convergence. A positive funding rate indicates that the perpetual contract price exceeds the mark price, so bullish traders holding long positions pay those holding short positions. Conversely, when the funding rate is negative, perpetual prices sit below the mark price, and traders with short positions pay those with long positions.