3 Top Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Fall Further as Inflation Accelerates

• $73,500 gives way as Bitcoin deepens its decline on Wednesday following hot inflation data.
• Nearly 4% lower so far this week, Ethereum changes hands below $2,050.
• With bears retaining control, XRP's correction continues towards the next key area around $1.

$73,500 has given way for Bitcoin (BTC) on Wednesday. Ethereum (ETH) and Ripple (XRP) are also extending losses as US Consumer Price Index (CPI) data above expectations dampen risk appetite. ETH trades below $2,050, while XRP's correction continues as sellers target psychological support at $1.00. All three leading cryptocurrencies retain bearish price structures, and any relief rally is likely to draw fresh selling.

$70,000 in focus for Bitcoin bears

At $73,367 on Wednesday, Bitcoin remains below its key Exponential Moving Averages (EMAs), maintaining a bearish near-term outlook. Resistance is stacked above the market: the 200-day EMA stands at $76,404, the 100-day EMA at $77,473 and the 50-day EMA at $78,879. Together, these trend barriers suggest upside remains capped.

Selling pressure also remains evident in momentum indicators. The Relative Strength Index (RSI) is edging towards the oversold threshold near 33, while Moving Average Convergence Divergence (MACD) stays negative. These readings point to continued selling rather than a bullish reversal in the immediate term.

For buyers to reduce the prevailing downside bias, Bitcoin would need to regain a closely packed series of resistance levels. The first is the 200-day EMA around $76,404, ahead of the 100-day EMA at $77,473 and the 50-day EMA at $78,879. Beyond these averages, horizontal resistance near $85,000 presents a more strategic obstacle, where earlier supply could return.

With no nearby support mapped out, a further break below current levels would point BTC towards the psychological support area around $70,000 before stabilisation.

Ethereum momentum remains bearish

At $2,047 on Wednesday, Ethereum remains firmly below its 50-day, 100-day and 200-day EMAs, grouped between roughly $2,305 and $2,346, keeping its bearish phase intact. A break beneath the former rising trendline, now resistance near $2,445, adds to the corrective bias. An RSI around 29 indicates oversold conditions that could temper the decline, but does not yet signal a reversal. Meanwhile, the negative MACD suggests sellers still control momentum.

Any recovery would first encounter the 200-day EMA near $2,305, then the 100-day EMA at $2,326 and the 50-day EMA at $2,346. Further up, a stronger horizontal barrier lies at $2,400, followed by the broken rising trendline around $2,445 and the more distant ceiling at $2,770. 

If the decline continues, the closest significant support lies at the horizontal level of $1,823.64. Buyers could seek to establish a more lasting floor there.

$1 approaches as XRP's decline continues

At $1.047 on Wednesday, XRP retains a bearish near-term outlook, trading well beneath its 50-day, 100-day and 200-day EMAs at $1.283, $1.297 and $1.362 respectively. This overhead concentration of averages continues to restrict the upside. The RSI stands at 23 in oversold territory, indicating stretched downside pressure without a reversal so far. Despite that oversold reading, the MACD remains negative, suggesting momentum continues to favour sellers.

A rebound would initially face resistance at $1.160. Beyond that, the $1.300 horizontal barrier and the 50-day and 100-day EMAs at $1.283 and $1.297 form a concentrated supply area ahead of the longer-term 200-day EMA at $1.362. More distant resistance lies at $1.540 and $1.900.

The psychological $1.000 level provides immediate support. A decisive breach would leave scope for further losses; holding above it, however, 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.)