Crypto

Top 3 Crypto Price Predictions: Bitcoin, Ethereum, and Ripple Set for Deeper Corrections as Bullish Momentum Fades

  • Bitcoin consolidates between $116,000 and $120,000 amid slowing upward momentum.
  • Ethereum struggles below $3,730 after a bounce from $3,500 support.
  • XRP falls below $3.15, down nearly 10% this week, signaling further downside.

Bitcoin (BTC) Price Outlook: Caution as Bullish Steam Wanes

Bitcoin continues to trade sideways, locked in a consolidation range between $116,000 and $120,000 for the past ten days. This period of tight price action follows BTC’s all-time high of $123,218 on June 14.

As of Friday, BTC hovers near the lower boundary of its range. A decisive daily close below $116,000 could open the door for a deeper correction, with the 50-day Exponential Moving Average (EMA) near $111,458 as a key support level.

  • RSI has dropped to 55, turning lower after rejecting overbought territory earlier in the week.
  • MACD also flashed a bearish crossover, reinforcing signals of a cooling rally.

A strong close above $120,000 could invalidate the bearish outlook and pave the way for a retest of the $123,218 high.


Ethereum (ETH) Price Analysis: Holding $3,500 Is Crucial

Ethereum failed to maintain support at $3,730 earlier this week, leading to a 3.15% decline. Although ETH bounced from the $3,500 psychological support zone on Thursday, it faces renewed rejection near $3,730.

At the time of writing, ETH trades lower on the day. A close below $3,500 could trigger a deeper drop toward the $3,000 handle.

  • RSI sits at 72 but is pointing down, reflecting waning buying pressure.
  • MACD shows narrowing momentum with declining green histogram bars — another signal of exhaustion in the uptrend.

Conversely, if ETH finds support at $3,500 and reclaims $3,730 on a daily close, it may resume its rally toward the $4,000 mark.


Ripple (XRP) Price Prediction: Bearish Setup Develops

XRP has been the weakest of the three majors this week, plunging nearly 10%. After reaching an all-time high of $3.66 last Friday, the token has consistently moved lower. On Thursday, XRP retested the 61.8% Fibonacci retracement level at $2.99.

As of Friday, XRP trades at $3.08. A daily close below the $2.99 support could trigger another leg down toward the $2.72 zone.

  • RSI has slipped to 58, reflecting a steep drop from recent overbought levels.
  • MACD confirmed a bearish crossover midweek, signaling building downside momentum.

Unless XRP quickly recovers above $3.40, the technical bias remains tilted to the downside.


Conclusion: Traders Should Brace for More Volatility

Bitcoin’s tight range, combined with bearish signals on Ethereum and Ripple, suggests the broader crypto market may be due for a short-term correction. Momentum indicators across the board show signs of fatigue, so traders should remain cautious until clearer breakouts or support confirmations emerge.

Stay Updated with Daily Forex Pakistan.

Yasher Rizwan

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