Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Selling pressure on ETH and XRP eases while BTC strengthens

• A modest recovery keeps Bitcoin near $83,000 on Wednesday, following the previous day’s bounce from its 50-day EMA at $80,796.
• Despite weakening bearish momentum, Ethereum continues to face a ceiling at the 50-day EMA of $2,480.
• Selling pressure appears to be easing for Ripple, which is steady at $1.33 after advancing over 2% the previous day.

Easing bearish pressure is supporting stability across the top three cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), on Wednesday. Following a bullish close in the previous session, their modest recovery points to the possibility of a further rally.

Is Bitcoin poised for a bullish reversal?

A positive near-term bias persists for Bitcoin on Wednesday, with the price at $82,930 after the previous day’s modest rebound. A supportive technical backdrop remains in place as the leading cryptocurrency trades above the 50-day Exponential Moving Average (EMA) at $80,769 and the 200-day EMA at $76,090.

On the daily chart, the Moving Average Convergence Divergence (MACD) is close to moving above its signal line, indicating that bearish momentum is weakening. Meanwhile, a Relative Strength Index (RSI) reading of around 52 points to neutral conditions.

Should BTC’s recovery continue, the first resistance could come at $89,337, the 78.6% Fibonacci retracement level. Beyond that lies the cycle-high region at the 100% retracement of $97,924; the lower anchor is $57,800.

The 50-day EMA near $80,769 provides the nearest downside support. Further demand zones correspond to the 200-day EMA at $76,090 and the 50% Fibonacci retracement level at $77,862.

Can Ethereum break above its 50-day EMA?

Upside progress remains constrained for Ethereum at $2,449, with the price below the 50-day EMA of $2,480 but above the 200-day EMA of $2,326.56. These contrasting trend signals suggest consolidation within a wider bullish structure, although the near-term bias remains tilted towards the downside.

With the RSI near 43 and the MACD line slightly below its signal line in negative territory, both indicators point to weakening downside momentum. Together, they support the view that Ethereum is undergoing a corrective phase.

A sustained close above $2,480, where the 50-day EMA marks immediate resistance, would reduce the current bearish bias. Such a move could also clear the way towards higher levels, including the August 21 high around $2,546 and the September 21 high around $2,807.

On the downside, buyers are likely to defend the broader uptrend around the 200-day EMA near $2,326, which provides support for the major altcoin. A clear breach of that level would point to a deeper correction towards $2,157, the May 21 high.

Can Ripple sustain its bullish footing?

After recovering more than 2% in the previous session, Ripple is holding at $1.333. However, the broader uptrend appears to be weakening, as XRP continues to trade below the 50-day EMA at $1.3748 and the 200-day EMA at $1.3954. Its break beneath the rising support trendline at $1.3594 also constrains upside potential.

The June 15 high of $1.2941 defines a horizontal level where near-term bullish support is holding. For an uptrend to resume, XRP needs to recover above the 50- and 200-day EMAs near $1.3748 and $1.3954, respectively. Reclaiming these levels could relieve the prevailing downward pressure.

Momentum indicators remain consistent with this limited upside: the RSI stands at 42 in the lower half of its range, while the MACD approaches its signal line as the negative histogram diminishes. These readings suggest that selling pressure is easing.

If XRP sustains a break below $1.2941, further losses could take it towards $1.1866, the June 8 high.

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