- *Bitcoin price trades near $105,000 on Monday, after falling 3% in the previous week.*
- *Ethereum finds support near its 200-day EMA; a decisive close below could accelerate the downside correction.*
- *XRP faces resistance around the $2.23 daily level, suggesting a potential near-term pullback.*
Bitcoin remains strong at $105,000 after a small dip, but is the king set to be knocked off? Ethereum is now on the edge of the cliff, one wrong move and it goes plummeting down. Meanwhile, XRP is testing the major resistance; expect anything worthy of fireworks while the smart money bets on a downside retracement. Bull run fatigue?
* Bitcoin is heading toward $100,000 as bulls lose momentum *
Last week saw Bitcoin wobble and fall back below the $106,406 support level on Thursday before dropping 1.50% on Friday. Recovery whispers during the weekend offered some consolation. Now on Monday, there is a glitter of hope as prices hover near $105,000, leaving traders wondering whether this is just a glimmer or the beginning of a brighter path.
Should Bitcoin confront resistance at $106,406, a potential slide can be foreseen. The momentum gathered could drag BTC to the pivotal $100,000 level, which is a road much more psychological than price-oriented.
The bullish fever is breaking. The daily RSI, now 53 and going down, hints at a retreat towards the equilibrium of 50. This is confirmed by the MACD throwing a bearish cross on the chart with a dethroning crimson histogram a warning flare signaling a price correction on its way.
BTC/USDT daily chart
However, if BTC recovers and closes above $106,406, it could extend the rally toward its all-time high of $111,980.
* Ethereum could decline if it closes below its 200-day EMA *
LiquidEther darted on Thursday around the price ground of $2,724 before finally sliding downward on Friday by 5.7%. The fall was arrested by a crucial safety net the 200-EMA line at $2,456 over the weekend. Now, as Monday dawns, Ethereum is once again testing the safety net, trading with uncertainty near the important moving average.
So, ETH bulls, finally brace yourselves. The 200-day EMA at $2,456 is that last line of defense. If that falls, expect ETH swooping down pretty fast and revisiting its 50-day EMA at $2,302. Is this temporary dip or the big one?
The departure of the overbought kiss at 70 on the last week’s daily RSI chart sent the indicator tumbling into the abyss. It is at 54 and is pointing south toward a neutral zone, definitely sucking all the bull steam. Adding fuel to the fire, the MACD just flashed a bearish crossover, nearly giving a black picture of fading momentum with a potentialigger for a slide.
ETH/USDT daily chart
Now, if ETH manages to break out above and sustain above $2,724 for a few days, get set for a strong price move. The bulls might take over and see the price rage into the massive $3,000 level ingrained deep into traders’ and investors’ minds.
* XRP faces a downleg as it closes below its $2.23 support level *
Friday on XRP felt like a rug pull, as the price broke down from the support of $2.23 and shed almost 4.65% in value. The weekend brought relief, a tense standoff just below that support level. On Monday morning, XRP is sitting at $2.15, just a breath away from more losses. Is this a quick dip, or the start of a fall from a greater height?
XRP stands on a precarious edge. Bulls need to be wary: $2.23 is the line in the sand. Failure to overcome that resistance could send XRP plunging back toward a support zone of $1.96, much like a wounded warrior retreating to safety on familiar ground.
The daily RSI dips to 39, an icy slide downward of the neutral zone, showing how firmly in control the bears are. Bolt down that storm with a death cross from the MACD: momentum is dwindling, and the downtrend seems to have agility.
XRP/USDT daily chart
On the other hand, if XRP recovers, it could extend the recovery to retest its 50-day EMA at $2.27.
Thanks for reading Top 3 Price Prediction: Bitcoin Ethereum Ripple – BTC ETH and XRP consolidate as bulls struggle to reclaim momentum
