Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC probes crucial support as ETH falters below resistance and XRP losses deepen

• The key 200-day EMA around $76,466 comes into focus as Bitcoin falls on Wednesday; a decisive close below would point to further losses.
• Near $2,255, Ethereum continues to face selling pressure after failing to close above a crucial resistance zone.
• Rejection at the upper boundary of a falling channel leaves XRP trading below $1.25.

Key support around $76,466 is approaching for Bitcoin (BTC) on Wednesday, with a decisive close beneath it potentially paving the way for further declines. Bearish momentum continues to weigh on BTC, Ethereum (ETH) and Ripple (XRP). ETH remains below important resistance, while XRP is being rejected at the upper boundary of a falling channel, leaving all three exposed to further losses. 

Bitcoin risks a deeper correction on a close below the 200-day EMA

At $76,466, the 200-day Exponential Moving Average (EMA) provides nearby support for Bitcoin, which trades at $76,664 on Wednesday. The near-term outlook remains bearish: although BTC is holding just above that average, the 100-day EMA at $77,770 continues to limit its advance. 

Further overhead resistance comes from the 50-day EMA near $79,997. A Relative Strength Index (RSI) reading around 35 indicates that selling pressure may be easing, though it offers no clear sign of recovery. Despite tentative stabilisation above the 200-day EMA, the Moving Average Convergence Divergence (MACD) remains below zero, indicating that bearish momentum retains the upper hand.

Any rebound would first encounter the 100-day EMA at $77,770, before reaching the 50-day EMA around $79,997. Beyond these averages, the horizontal resistance near $85,000 presents a more substantial obstacle.

Immediate downside support lies at the 200-day EMA at $76,466. A decisive breach of this area would likely leave BTC vulnerable to a deeper correction over the coming sessions.

Ethereum remains below key resistance after an unsuccessful close

The 200-day and 100-day EMAs, at $2,315 and $2,349 respectively, remain above Ethereum as it trades at $2,255 on Wednesday, keeping the near-term outlook bearish. ETH has also fallen beneath its former rising trendline, which now offers resistance near $2,399. With the RSI at 34, close to oversold territory, and the MACD still negative, downward pressure persists even as bearish momentum slows.

A recovery would initially meet the 200-day EMA at $2,315, then the 100-day EMA at $2,349. The former trendline around $2,399 and nearby horizontal resistance at $2,400 present the next obstacles. A stronger advance would then encounter the 50-day EMA at $2,404, ahead of the higher barrier at $2,770.

Should the decline continue, buyers would be expected to take greater interest around $1,824, where the horizontal support zone forms the key structural floor.

XRP remains under bearish pressure

Below its key EMAs, XRP retains a bearish near-term outlook as it trades at $1.254 on Wednesday. Successive layers of overhead resistance come from the 50-day EMA at $1.334, the 100-day EMA at $1.323 and the 200-day EMA at $1.377. These barriers reinforce the downward bias, with the price also remaining below the previous downward trendline break at $1.275.

An RSI around 39 and a marginally negative MACD indicate subdued momentum. Selling pressure therefore remains dominant, although the immediate continuation lower lacks force.

A rebound would first face the former trendline break around $1.275, ahead of horizontal resistance at $1.300. Beyond that lie the grouped EMAs at $1.323 and $1.334, followed by the higher barrier at $1.377, reinforcing the broader corrective structure. Any more substantial recovery would likely meet additional supply near $1.540 and $1.900.

The first downside support lies at $1.160, followed by a lower floor at $1.000. A sustained move beneath these levels would leave scope for a more pronounced bearish extension over the coming sessions.

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