
Bitcoin (BTC) has lost over 2.5% so far this week. Ethereum (ETH) and Ripple (XRP) are down over 4% and 5%, respectively, leaving all three on course for a fourth straight weekly decline since early October. Downside risks are building for these top three cryptocurrencies on Friday: BTC is nearing critical support at its 200-day Exponential Moving Average (EMA) of $76,423, ETH has dropped below $2,215 and XRP remains beneath $1.230.

$77,477 is Bitcoin’s Friday trading price. The near-term outlook remains bearish after a renewed drop below the 100-day Exponential Moving Average (EMA) at $77,814, although the price still sits just above the 200-day EMA at $76,423.
With shorter EMAs now providing overhead supply, the technical picture points to a correction within a broader uptrend. Long-term trend support remains below the market, but momentum continues to favour the downside: the Relative Strength Index (RSI) reads 34, approaching oversold territory, while the Moving Average Convergence Divergence (MACD) stays negative.
A recovery would first encounter resistance near $77,814 at the 100-day EMA. Beyond that lie the 50-day EMA around $80,585 and a more distant horizontal ceiling at $85,000.
The pivotal downside support is the 200-day EMA at $76,423. A sustained breach would likely pave the way for a deeper correction. Conversely, reclaiming $77,815 would relieve immediate selling pressure and permit broader consolidation within the recent trading range.

At $2,213 on Friday, Ethereum remains in a corrective phase below its major EMAs, maintaining a bearish near-term outlook. Rallies are likely to meet overhead supply: ETH has fallen through the 200-day EMA at $2,313 and the 100-day EMA at $2,357. It also remains below its former rising support trendline, which now provides resistance around $2,364.
Although brief rebounds remain possible, momentum indicators underline continued downside pressure. The RSI is oversold at 28, while the MACD retains a bearish configuration in negative territory.
Any rebound faces its first hurdle near $2,313 at the 200-day EMA, then the 100-day EMA at $2,357 and the breached rising trendline around $2,364. Together, these form a tight resistance cluster before the horizontal barrier at $2,400. A move beyond that would bring the 50-day EMA at $2,434 into view as the next upside target, ahead of more distant resistance at $2,770.
Should the current downswing continue, the first significant support is the horizontal base at $1,823. Buyers could seek to stabilise the decline there.

Trading at $1.227 on Friday, XRP continues its bearish phase beneath the short-, medium- and long-term EMAs. The 100-day EMA at $1.329 and the 200-day EMA at $1.369 add to the overhead constraints.
Sellers appear to retain control even as oversold conditions approach. The RSI is hovering in the lower 30s, while the MACD is moving further into negative territory, signalling persistently weak momentum.
A rebound would initially meet the 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 obstacle, ahead of higher resistance at $1.540 and $1.900.
The next significant support sits at $1.000. A sustained break towards that floor would likely leave XRP vulnerable to further near-term weakness. Meanwhile, any recovery is expected to face difficulty beneath the overhead EMA cluster.

(The technical analysis of this story was written with the help of an AI tool. Know more.)
Each cryptocurrency’s developer or creator sets the total number of tokens available for minting or issuance. The underlying blockchain’s algorithm limits how many of these assets can be minted through mining, staking or other mechanisms. Circulating supply can also shrink when tokens are burned or assets are mistakenly transferred to addresses on incompatible blockchains.
Multiplying an asset’s circulating supply by its current market value gives its market capitalisation.
Over a defined trading period, such as 24 hours, trading volume measures the total number of tokens of a particular asset exchanged between buyers and sellers. This gauge of market sentiment aggregates volumes across centralised and decentralised exchanges. Higher volume often signals demand for an asset, as more participants buy and sell the cryptocurrency.
To encourage traders to take positions and keep perpetual contract prices aligned with spot markets, exchanges use funding rates. Under this mechanism, periodic payments help futures prices and index prices converge regularly. A positive funding rate indicates that the perpetual contract price is above 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 holding long positions.