Top 3 Price Forecasts: Hotter Inflation Deepens Losses in Bitcoin, Ethereum and Ripple – BTC, ETH and XRP Slide Further

• Hot inflation data leave Bitcoin trading below $73,500 on Wednesday as losses deepen.
• A decline of nearly 4% so far this week leaves Ethereum below $2,050.
• With sellers retaining control, XRP’s correction continues towards the next important area around $1.

Higher-than-expected US Consumer Price Index (CPI) figures dampen risk appetite on Wednesday, pushing Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) further into losses. With BTC below $73,500 and ETH under $2,050, sellers in XRP are targeting psychological support at $1.00 as its correction continues. Across these top three cryptocurrencies, price action retains a bearish bias, and any relief rally is likely to encounter renewed selling.

Bitcoin sellers target the $70,000 level

At $73,367 on Wednesday, Bitcoin remains beneath its key Exponential Moving Averages (EMAs), maintaining a bearish short-term outlook. Resistance from these trend indicators is layered above the market: the 200-day EMA stands at $76,404, the 100-day at $77,473 and the 50-day at $78,879.

The momentum indicators also point lower. As the Relative Strength Index (RSI) drops towards the oversold threshold near 33, Moving Average Convergence Divergence (MACD) stays negative, suggesting sustained selling pressure rather than a bullish reversal in the immediate future.

Any recovery first faces the 200-day EMA around $76,404, ahead of the 100-day EMA at $77,473 and the 50-day EMA at $78,879. Buyers would have to regain this concentrated band of technical resistance to temper the prevailing downside bias. Beyond it lies a more significant obstacle at the horizontal resistance area near $85,000, where earlier selling interest could resurface.

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

Ethereum momentum remains in sellers’ hands

Trading at $2,047 on Wednesday, Ethereum remains firmly below the 50-day, 100-day and 200-day EMAs, grouped between roughly $2,305 and $2,346, sustaining its bearish phase. A break beneath the former rising trendline, which now acts as resistance near $2,445, adds to the corrective bias. At around 29, the RSI indicates oversold conditions that could moderate the downward pressure without yet reversing it. Meanwhile, a negative MACD reading suggests sellers still control momentum.

A recovery would initially encounter the 200-day EMA near $2,305, then the 100-day EMA at $2,326 and the 50-day EMA at $2,346. The more substantial horizontal obstacle at $2,400 comes next, ahead of the breached uptrend line around $2,445 and the more distant ceiling at $2,770. 

Should the decline continue, the closest significant support lies at the horizontal level of $1,823.64, where buyers may try to establish a more lasting floor.

XRP falls further towards the $1 level

At $1.047 on Wednesday, XRP maintains a bearish short-term bias, trading well beneath its 50-day, 100-day and 200-day EMAs at $1.283, $1.297 and $1.362 respectively. This overhead grouping of moving averages continues to constrain the price. An RSI of 23 indicates oversold conditions, suggesting downward pressure is stretched but has not yet reversed. Despite that oversold backdrop, the MACD remains negative, signalling that momentum still favours sellers.

For any rebound, the first resistance level is $1.160, followed by the horizontal barrier at $1.300. The 50-day and 100-day EMAs at $1.283 and $1.297 strengthen this concentrated supply area ahead of the longer-term 200-day EMA at $1.362. Further resistance lies higher at $1.540 and $1.900.

The psychological $1.000 level provides immediate support. A clear break beneath it would leave scope for further losses, whereas remaining above it could permit a corrective rebound towards the resistance cluster outlined above.

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