3 Top Price Predictions: Bitcoin, Ethereum, Ripple – Bears dominate as next support lies at BTC $70,000, ETH around $2,000 and XRP near $1

$75,530 is Bitcoin’s approximate trading level on Monday. After a close below key EMAs, the next support stands at $70,000.
A correction of over 6.5% last week leaves Ethereum near $2,155, with sellers looking towards the psychological $2,000 threshold.
Following last week’s correction of over 10%, XRP changes hands near $1.11 on Monday; the next key area lies around $1.

$75,530 is Bitcoin’s approximate price on Monday. Sellers retain control of Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), after the top three cryptocurrencies recorded their fifth consecutive weeks of losses. Last week’s respective corrections exceeded 4%, 6% and 10%. Having closed beneath key Exponential Moving Averages (EMAs), BTC faces its next major support at $70,000. ETH is near $2,155 and XRP around $1.11, leaving the two altcoins exposed to declines towards $2,000 and $1, respectively.

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$70,000 support in focus after Bitcoin loses key levels

At $75,530 on Monday, Bitcoin remains below key Exponential Moving Averages (EMAs), keeping the short-term outlook bearish. Overhead selling pressure starts at the 200-day EMA of $76,463. The 100-day EMA at $77,635 and the 50-day EMA near $79,327 form further barriers, reinforcing persistent supply at higher prices.

Weak momentum also favours sellers. The Relative Strength Index (RSI) sits in the high-30s, while the Moving Average Convergence Divergence (MACD) remains below zero, suggesting selling pressure continues to exceed buying interest on dips.

Any recovery first faces the 200-day EMA around $76,463, with the 100-day EMA near $77,635 providing the next resistance. A more substantial rebound would encounter the 50-day EMA close to $79,327. Above these averages, buyers would need to retake horizontal resistance at $85,000 to provide stronger bullish confirmation and challenge the wider bearish outlook.

With no nearby support identified on the chart, a break below current levels would point BTC towards the psychological support area around $70,000 before it stabilises.

$2,000 becomes Ethereum bears’ target

At $2,155 on Monday, Ethereum retains a bearish short-term outlook. Its price is well beneath the 200-day EMA at $2,311, the 100-day EMA at $2,337 and the 50-day EMA at $2,372. The earlier rising support trendline has also broken around $2,432, adding to the corrective bias. With the RSI near 35 and the MACD below zero, the indicators point to continued downward momentum rather than outright capitulation.

A rebound would meet its first resistance at the 200-day EMA near $2,311, then 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 area around $2,432 would constrain a stronger recovery.

Below current prices, the key $2,000 threshold provides the next significant support. The previous horizontal base around $1,823 follows, where stronger buying interest would be expected should the decline continue.

$1.000 support draws XRP sellers’ attention

At $1.119 on Monday, XRP remains well beneath its 50-day, 100-day and 200-day EMAs, which are grouped roughly between $1.303 and $1.368. That positioning sustains the short-term bearish tone.

An RSI reading of 28 places the Relative Strength Index in oversold territory, while the Moving Average Convergence Divergence (MACD) stays below zero. Together, the indicators suggest continued downward pressure, although depressed prices leave scope for a brief pause or a modest rebound.

A recovery would initially encounter resistance at $1.160, followed by a firmer barrier near $1.300. Close by, the EMA cluster runs from the 50-day EMA at $1.303 to the 100-day EMA at $1.308. Higher resistance comes from the 200-day EMA at $1.368 and horizontal levels at $1.540 and $1.900.

The psychological $1.000 level offers the closest significant support. A breach would likely 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.)

Cryptocurrency prices: key questions

What impact do new token launches and exchange listings have on cryptocurrency prices?

Demand and adoption among market participants are influenced by token launches. When an asset gains a listing on a crypto exchange, its liquidity deepens and new participants join its network. These developments are generally bullish for the digital asset.

What happens to cryptocurrency prices following a hack?

During a hack, an attacker uses exploits, bugs or other methods to seize a large quantity of an asset from a DeFi bridge, an exchange’s hot wallet or another crypto platform. The stolen tokens are then moved off exchange platforms, ultimately to be sold or exchanged for other cryptocurrencies or stablecoins. Widespread panic often follows, triggering a sell-off in the affected assets.

Through which channels do macroeconomic data and events influence cryptocurrency prices?

The direct effect on the US Dollar is the main channel through which macroeconomic events, such as the US Federal Reserve’s interest rate decisions, influence crypto assets. Higher interest rates usually weigh on Bitcoin and altcoin prices, while lower rates tend to have the opposite effect. A fall in the US Dollar index makes risk assets and the associated trading leverage cheaper, in turn lifting cryptocurrency prices.

What do major crypto upgrades, including halvings and hard forks, mean for cryptocurrency prices?

By cutting miners’ block rewards in half, halvings restrict an asset’s supply and are therefore generally viewed as bullish events. When demand is unchanged, a reduction in supply pushes the asset’s price higher.