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Top 3 cryptocurrency price prediction: BTC and XRP hold important support, ETH pauses after new ATH.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) kicked off the new trading week in a cautious state, as investors watch for key price levels. BTC and XRP remain solid at key support zones, while ETH fluctuates just below its record high, creating a tense atmosphere and hinting at the possibility that the market is about to enter a decisive turning point.
Bitcoin faces resistance from the downtrend line
Bitcoin has found an important support level at the (EMA) 100-day exponential moving average at 110,865 USD on Friday, helping the price rebound by 3.94%. However, the rapid recovery was quickly halted when BTC hit the previously broken downward trend line, causing the price to reverse and drop by 3.42% over the last two days of the weekend. By Monday afternoon, Bitcoin was fluctuating just below the 112,852 USD level.
If the daily candle closes below the 100-day EMA at 110,865 USD, a bearish scenario may be triggered, pulling BTC back to the next support zone around 103,701 USD – coinciding with the 200-day EMA.
Nevertheless, the optimistic scenario has not been ruled out. If Bitcoin holds above the 100-day EMA at 110,865 USD and bounces back, this cryptocurrency has a chance to extend its recovery momentum, targeting the important resistance zone of 116,000 USD.
Ethereum moves sideways after hitting a historical peak of 4,956 USD
Ethereum found an important support point around the 4,232 USD mark on Thursday, before making an impressive jump of 14.36% just the next day. The prolonged excitement helped ETH establish a new all-time high at 4,956 USD on Sunday, before slightly retreating and fluctuating around 4,747 USD on Monday afternoon.
If the upward trend continues, ETH has the potential to break the 5,000 USD mark and set a new record.
Conversely, in the event of a correction, ETH may return to test the short-term support zone around 4,488 USD before seeking the next direction.
XRP approaches an important support zone
XRP surged strongly by 7.80% on Friday after finding support at the 50% Fibonacci retracement level at 2.78 USD, while also closing above the important 61.8% Fib retracement threshold at 2.99 USD. In the following two days, this coin recorded a slight correction but remained firmly above the 2.99 USD mark. As of Monday, the price of XRP continued to fluctuate around this support zone.
If the 2.99 USD level is maintained and creates a bounce, the recovery momentum could extend to the next resistance zone at 3.40 USD.
![btc-eth-xrp])https://img-cdn.gateio.im/webp-social/moments-716dad45c4e7ec3252ee06ed3a7be169.webp(XRP/USDT daily chart | Source: TradingViewThe RSI indicator on the daily frame is currently around the neutral threshold of 50, reflecting the indecisive sentiment of traders. At the same time, the MACD line and the signal line of the MACD indicator are converging, indicating that the market has not yet formed a clear trend.
Conversely, a close below 2.99 USD could trigger a deeper decline, bringing the price back to the support zone of 2.78 USD.
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