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Top 3 Crypto Price Predictions: BTC, ETH, and XRP Fall as Israel-Iran Conflict Escalates
The price of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all plummeted amid increasing geopolitical tensions between Israel and Iran, causing a "risk-off" sentiment to envelop the entire crypto market.
The top three cryptocurrencies by market capitalization continue to extend their downward trend as they enter the weekend. The current price movements indicate that the pressure for adjustment is still present, signaling the likelihood of a deeper decline for BTC, ETH, and XRP.
Bitcoin bear market dominates
After a strong breakout at the beginning of the week, Bitcoin (BTC) was unable to maintain its upward momentum and returned to test the historical peak of $111,980. From the middle of the week, selling pressure began to increase, leading to a more pronounced correction on Thursday when BTC closed below the important support level at $106,406. As of Friday afternoon, the largest cryptocurrency in the market is still weakening, currently fluctuating just above the 50-day exponential moving average (EMA) at $102,447.
If BTC continues to decline and closes below the 50-day EMA, the important psychological support level at $100,000 is likely to be tested in the short term.
However, if a strong enough demand appears to help the price bounce back, BTC may return to test the daily resistance zone at $106,406 – a key level that needs to be conquered to regain upward momentum.
Ethereum shows weakening signals from momentum indicators
Ethereum is experiencing strong selling pressure as it failed to hold the support area around $2,724 — the upper boundary of the accumulation range — on Thursday, causing the price to drop by 4.65%. By Friday afternoon, the downward momentum had not stopped as ETH continued to lose an additional 6%, now trading close to the bottom of the accumulation range at $2,461.
If the correction continues and ETH closes below the 50-day exponential moving average )EMA( at $2,410, it is highly likely that the price will continue to plummet to test the next important support area at $2,000.
![])https://img.gateio.im/social/moments-018d3206ad51d3f54214f09349fbe3d1(ETH/USDT daily chart | Source: TradingViewTechnical indicators are supporting a negative trend: the daily RSI is currently at 47 — below the neutral threshold of 50 — indicating that selling pressure remains dominant. At the same time, the MACD has just formed a bearish crossover on Thursday, signaling a clear sell and reinforcing the risk of deeper declines.
However, if ETH can hold the support level of $2,461, the market still has a chance to bounce back, with the first target being to retest the $2,724 mark.
XRP faces the risk of plummeting below the 50-day EMA
XRP continues to face downward pressure as it closed on Thursday below the 50-day )EMA( moving average at $2.25, marking a 3.55% decline for the day. The downtrend did not stop there — by Friday afternoon, the coin lost an additional 3.5% in value, currently trading around $2.11.
![])https://img.gateio.im/social/moments-610549cef1bb0079fe9266092df9f7b7(Daily XRP/USDT Chart | Source: TradingViewIf the current negative trend is not halted soon, XRP may continue to slide deeply toward the next important support area at $1.96. The RSI indicator on the daily timeframe is currently at 40 and continues its downward trend, clearly reflecting the prevailing bearish momentum. Meanwhile, the MACD – another momentum indicator – shows that the two signal lines are hesitating to cross, indicating the indecisive sentiment of investors. If the MACD officially creates a bearish crossover, it will be a clear sell signal, further reinforcing the adjustment scenario.
On the contrary, if XRP can bounce back, the $2.25 area – corresponding to the 50-day EMA – will be the first resistance level that needs to be conquered to establish sustainable recovery momentum.
SN_Nour