Top three price predictions: Bitcoin, Ethereum, and Ripple will face significant declines in early December

As December kicks off, the cryptocurrency market is looking a bit "wilted"—Bitcoin, Ethereum, and Ripple (XRP) have collectively dropped over 4%, and may face a new wave of sell-offs, with target prices looking towards $80,000, $2,100, and $1.9 respectively.

This drop is related to the comments from Bank of Japan Governor Kazuo Ueda: he mentioned that if the economy performs as expected, they may consider raising interest rates, which would increase borrowing costs, impact arbitrage trading, and directly pressure cryptocurrencies.

First, looking at Bitcoin: it has now fallen below $87,000, with the daily chart showing a bearish "hanging man" candlestick pattern, and the RSI (Relative Strength Index) has dropped to 33 (entering the oversold zone), while the MACD indicator may also break below the red line triggering a sell signal. Bears are looking to test the support level at $80,600, and without new upward catalysts, it could even drop to a low of $74,500. However, if the Federal Reserve cuts interest rates, it could rebound back to $90,000.

Next, looking at Ethereum: the price has already dropped by 5%, potentially falling below the $2,800 supply zone; if it closes below $2,623, it could drop all the way to $2,111. Its RSI is at 34, and the MACD is close to breaking the signal line, currently at a critical juncture; in the long term, if it rebounds, it may first hit the resistance line at $3,000.

Finally, looking at Ripple: it has fallen for two consecutive days (a total drop of over 6%), now approaching the psychological threshold of $2, with bears eyeing the support level at $1.9. Its RSI is at 40, and the MACD is about to cross, with sell pressure increasing; if bulls can hold $2, it may rebound to $2.2. #比特币减半完成 #btc #ETH #加密市场反弹