Top 3 Price Forecasts: Bitcoin, Ethereum, Ripple – Selling Pressure Keeps BTC, ETH and XRP on the Decline

• With losses approaching 6% so far this week, Bitcoin falls through the $70,000  psychological threshold on Friday as its decline continues.
• Mounting selling pressure pushes Ethereum beneath $2,000.
• Sellers retain the upper hand in XRP, driving the correction towards the next significant area near $1.

The $70,000 psychological threshold gives way for Bitcoin (BTC) on Friday, while Ethereum (ETH) breaches support at $2,000, increasing the risk of additional declines. Selling in BTC, ETH and Ripple (XRP) continues as bearish momentum strengthens. With sellers still dominant, XRP also retreats, leaving it vulnerable to a deeper correction towards $1.00.

Bitcoin faces further downside as bears retain control

At $69,195 on Friday, Bitcoin is extending its retreat considerably below the main Exponential Moving Averages (EMAs). Overhead resistance comes from the 200-day EMA at $76,291, the 100-day EMA at $77,205 and the 50-day EMA at $78,245. As BTC moves further away from its previous consolidation range, these levels reinforce the bearish short-term outlook.

A reading of 25 puts the Relative Strength Index (RSI) in oversold territory. The Moving Average Convergence Divergence (MACD), meanwhile, is still deeply negative. This points to strong downward momentum, although stretched conditions could prompt short-term rebounds.

Any recovery would first encounter the 200-day EMA near $76,291, with the 100-day EMA at $77,205 and the 50-day EMA at $78,245 providing the next resistance levels. Together, they form a concentrated supply area likely to restrain rebound attempts. Should the pair stage a stronger recovery, sellers could regain control at the higher horizontal resistance of $85,000.

The current dataset offers no significant nearby support, so traders may turn to intraday price movements and earlier swing lows to identify possible stabilisation points. Nevertheless, the wider technical outlook remains skewed downwards while BTC stays below these major EMAs.

Ethereum falls through support at $2,000

Trading at $1,987 on Friday, Ethereum remains in a bearish phase, well below the 50-day, 100-day and 200-day EMAs grouped between roughly $2,299 and $2,320. This cluster of overhead averages continues to constrain the outlook following the pair’s break beneath its former rising support line. The trendline break area near $2,459 now represents a more distant obstacle.

Oversold conditions are reflected in an RSI of about 26, while the MACD remains negative and below zero. These readings indicate continued downward pressure, despite signs that short-term selling is stretched.

The nearest structural demand lies at horizontal support around $1,823. If that level is tested, buyers could try to stem the decline. 

A rebound would initially face the 200-day EMA around $2,299, then the 100-day EMA at $2,313 and the 50-day EMA at $2,320. This tight resistance cluster stands ahead of the psychological $2,400 threshold. Further up, the broken rising trendline area around $2,459 and horizontal resistance near $2,770 would both need to be regained to restore a more positive medium-term outlook.

XRP approaches the psychological $1 threshold

At $1.015 on Friday, XRP retains a bearish short-term outlook, trading firmly beneath its 50-day, 100-day and 200-day EMAs at $1.263, $1.287 and $1.350 respectively. An RSI around 21 remains in oversold territory, alongside a MACD reading below zero. Despite the stretched sell-off, these indicators point to sustained downward pressure.

A recovery would meet initial resistance at $1.160 before reaching the more significant $1.300 barrier. Longer-term EMAs grouped around $1.287–$1.350 add to this broader supply area, with further resistance above at $1.540 and $1.900.

Horizontal support at $1.000 provides the immediate floor. Losing it decisively would open the way to fresh lows; holding above it, however, could permit a corrective rebound towards the resistance levels outlined above.

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