Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP recover as bearish momentum
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP recover as bearish momentum fades
Bitcoin price trades above $110,400 on Friday after rebounding from key support earlier in the week.
Ethereum approaches a crucial resistance level, with a potential breakout signaling further upside ahead.
XRP trades above $2.39 as momentum indicators signal weakening bearish pressure.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices show signs of stabilization on Friday as market momentum steadies after recent volatility. BTC, ETH, and XRP are holding above key levels, with momentum indicators suggesting fading bearish pressure and potential signs of recovery for these top three cryptocurrencies in the coming days.
Bitcoin shows early signs of recovery
Bitcoin price faced rejection from the 50-day Exponential Moving Average (EMA) at $113,329 on Tuesday and declined by 2.81% the next day. However, BTC price retested the 61.8% Fibonacci retracement level (drawn from the April low of $74,508 to the record high of $126,199) at $106,453 and recovered 2.33% on Thursday. At the time of writing on Friday, BTC is trading above $110,400, nearing the previously broken ascending trendline.If BTC breaks and closes above the trendline, it could extend the rally toward the 50-day EMA at $113,329. A successful move above this level could extend the gains toward the 78.6% Fibonacci retracement level at $115,137.$ETH
