Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – Next support lies at BTC $70,000, ETH around $2,000 and XRP near $1 as bears retain control

• After closing beneath key EMAs, Bitcoin changes hands near $75,530 on Monday, with $70,000 providing the next support.
• Following last week’s correction of over 6.5%, Ethereum trades near $2,155 as sellers look towards the psychological $2,000 threshold.
• Last week’s decline of over 10% leaves XRP trading near $1.11 on Monday, with the next important zone around $1.

Last week’s corrections of over 4%, 6% and 10% in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), respectively, extended the top three cryptocurrencies’ losing runs to five consecutive weeks, leaving sellers in control. Having closed beneath key Exponential Moving Averages (EMAs), BTC changes hands near $75,530 on Monday, with $70,000 now the next major support. ETH, meanwhile, is near $2,155 and XRP around $1.11. The two altcoins remain exposed to further declines towards $2,000 and $1, respectively.

Bitcoin Ends Below Key Support Levels

At $75,530 on Monday, Bitcoin remains beneath key Exponential Moving Averages (EMAs), leaving its near-term outlook bearish. The first ceiling is the 200-day EMA at $76,463, with the 100-day EMA at $77,635 and the 50-day EMA near $79,327 further above. Together, these levels point to persistent selling interest on rallies.

With the Relative Strength Index (RSI) in the high-30s and the Moving Average Convergence Divergence (MACD) remaining below zero, momentum is still subdued. These readings suggest that selling pressure continues to exceed demand from buyers seeking to capitalise on dips.

Any advance would first encounter the 200-day EMA around $76,463, followed by the 100-day EMA near $77,635. A more substantial recovery would then face the 50-day EMA close to $79,327. Above these averages, horizontal resistance at $85,000 represents a more significant test of bullish conviction: buyers would need to regain this level to challenge the broader bearish outlook.

With no nearby support identified, a fresh break below current levels would suggest a move towards the psychological support zone around $70,000 before BTC stabilises.

Ethereum Sellers Target the $2,000 Level

At $2,155 on Monday, Ethereum remains some way below its 200-day EMA at $2,311, 100-day EMA at $2,337 and 50-day EMA at $2,372, keeping the near-term outlook bearish. The breach of the former rising support trendline around $2,432 adds to the corrective picture. An RSI near 35 and a negative MACD point to continued downward momentum rather than outright capitulation.

A recovery would initially face the 200-day EMA near $2,311, before reaching the 100-day EMA at $2,337 and the 50-day EMA at $2,372. Beyond those levels, a more significant horizontal barrier at $2,400 and the former rising trendline’s break zone around $2,432 would limit a stronger rebound.

Further weakness would bring the key $2,000 level into focus as the next significant support, followed by the previous horizontal base around $1,823. Should the decline continue, buyers would be expected to show firmer interest at that lower level.

XRP Sellers Set Sights on the Next Major Support

With its 50-day, 100-day and 200-day EMAs grouped between roughly $1.303 and $1.368, XRP remains well beneath all three averages at $1.119 on Monday, sustaining its bearish near-term outlook. 

An RSI reading of 28 places the Relative Strength Index (RSI) in oversold territory, while the Moving Average Convergence Divergence (MACD) indicator is still negative. Taken together, these signals suggest continued downward pressure, although the depressed market could see a brief pause or a modest rebound.

A rebound would meet initial resistance at $1.160, followed by a firmer ceiling near $1.300 and the adjacent EMA cluster, spanning the 50-day EMA at $1.303 to the 100-day EMA at $1.308. Higher hurdles are defined by the 200-day EMA at $1.368 and horizontal resistance at $1.540 and $1.900.

The psychological $1.000 mark provides the closest significant support. A breach would probably leave the pair vulnerable to a deeper decline over the coming sessions.

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