Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, and XRP brace for correction.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, and XRP brace for correction

Cryptos | 07/02/2025 04:11:03 GMT

Bitcoin drops below $106,000 on Wednesday, extending its decline by 2.47% over the past two days.

Ethereum slips below critical support at $2,461, signaling a potential for further downside.

XRP fails to close above its key resistance level at $2.23, increasing the risk of a short-term pullback.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of weakness mid-week as bullish momentum continues to fade. BTC extends its decline to trade below $106,000, while ETH and XRP slip below their key support levels, raising concerns of a deeper correction on the horizon.

Bitcoin could decline further if it closes below its 50-day EMA 

Bitcoin prices rose sharply by 7.32% last week, closing above $108,000. However, it faced a correction on Monday and continued its decline, closing below $106,000 the following day. At the time of writing, it hovers at around $106,100.

If BTC continues to face a pullback and closes below its 50-day Exponential Moving Average (EMA) at $104,245, it could extend the decline toward its psychological level of $100,000.

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