Top 3 Price Predictions: Can Bitcoin hold its key 200-day EMA amid a BTC correction and deeper losses for Ethereum (ETH) and Ripple (XRP)?

Further losses could follow a close below $76,423 as Bitcoin's ongoing correction brings it near the 200-day EMA.
After closing beneath its key EMAs, Ethereum's correction takes it below $2,215.
Weekly losses of over 5% leave XRP trading beneath $1.230 on Friday.

Downside risks are intensifying for Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), with all three heading for a fourth straight weekly decline since early October. Their losses so far this week exceed 2.5%, 4% and 5%, respectively. On Friday, BTC is nearing crucial support at its 200-day Exponential Moving Average (EMA) of $76,423, while ETH has fallen below $2,215 and XRP is trading beneath $1.230.

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Can Bitcoin Find Support as It Nears $77,000?

Near-term sentiment towards Bitcoin remains bearish on Friday, with the price at $77,477. Having dropped back beneath the 100-day Exponential Moving Average (EMA) of $77,814, it is holding only marginally above the 200-day EMA at $76,423.

Although the broader trend remains upward, the current configuration points to a correction, with shorter-period EMAs now presenting overhead selling pressure. A Relative Strength Index (RSI) reading of 34 is approaching oversold territory. Meanwhile, the Moving Average Convergence Divergence (MACD) stays negative, underscoring downward pressure even as longer-term trend support lies below.

Any advance would first encounter resistance near $77,814 at the 100-day EMA, followed by the 50-day EMA around $80,585. Further up, $85,000 represents a horizontal resistance level.

The crucial support on the downside is the 200-day EMA at $76,423. A lasting breach would likely pave the way for a sharper correction. Conversely, reclaiming $77,815 would reduce immediate selling pressure and make room for wider consolidation within the recent trading range.

Can Ethereum Arrest Its Correction Below the 200-Day EMA?

A bearish near-term outlook persists for Ethereum as its correction continues beneath the major EMAs, with the price at $2,213 on Friday. ETH has fallen through both the 200-day EMA of $2,313 and the 100-day EMA of $2,357. It also remains below the former rising support trendline, which now offers resistance around $2,364, indicating that overhead selling pressure is likely to constrain rallies.

Despite the possibility of brief rebounds, momentum indicators continue to signal downside pressure. The RSI stands at 28, within oversold territory, while the MACD remains below zero with a bearish configuration.

A recovery would initially face the 200-day EMA near $2,313. Beyond it, the 100-day EMA at $2,357 and the breached rising trendline around $2,364 form a tight resistance cluster before the horizontal barrier at $2,400. If that is cleared, the next upside objective would be the 50-day EMA at $2,434, followed by more distant resistance at $2,770.

Should the current decline extend, the first significant support would be the horizontal base at $1,823. Buyers could attempt to stabilise prices at that level.

What Lies Ahead After XRP Loses Key Support?

Bearish conditions continue for XRP, which is priced at $1.227 on Friday and remains beneath its short-, medium- and long-term EMAs. The 100-day EMA at $1.329 and the 200-day EMA at $1.369 further constrain the upside.

Sellers appear to retain control despite momentum nearing oversold levels. The RSI is hovering around the lower 30s, while the MACD is moving further into negative territory, leaving momentum weak.

For any recovery, the first hurdle is horizontal resistance near $1.300, followed by the 100-day EMA at $1.329 and the 50-day EMA at $1.350. The 200-day EMA at $1.369 presents a more substantial structural barrier, ahead of higher resistance levels at $1.540 and $1.900.

Looking lower, $1.000 is the next significant support. A sustained move down towards this floor would likely leave XRP vulnerable to further near-term weakness. Any recovery, meanwhile, is expected to face difficulty beneath the overhead cluster of EMAs.

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

Understanding cryptocurrency metrics: FAQs

How is circulating supply determined?

For every cryptocurrency, its developer or creator sets the total number of tokens that may be minted or issued. The algorithm underpinning the blockchain determines how many of these assets can be minted through mining, staking or other mechanisms. Circulating supply can also shrink, whether through token burning or the accidental transfer of assets to addresses on incompatible blockchains.

How is market capitalisation calculated?

Multiplying an asset's circulating supply by its prevailing market value gives its market capitalisation.

What does trading volume measure?

To assess market sentiment, trading volume measures the total number of tokens of a particular asset exchanged between buyers and sellers over a specified trading period, such as 24 hours. The measure aggregates volumes across centralised and decentralised exchanges. A rise in trading volume often signals demand for an asset, as more participants buy and sell the cryptocurrency.

How does the funding rate work?

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