Top 3 Crypto Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin Finds Strong Support Around $60,000

Bitcoin is finding support near the $60,000 mark, which aligns with its 200-day Exponential Moving Average (EMA). If it closes below this level, it could signal a potential decline. Meanwhile, Ethereum is approaching a key resistance level at $2,461, and a failure to break through may lead to a price drop. 

Ripple is consolidating between $0.506 and $0.544, indicating uncertainty among traders.

Bitcoin's Potential Drop Below $60,000

Bitcoin recently fell below the $62,059 mark, dropping over 3% by Thursday. It is now testing support around $60,024, the 200-day EMA. If Bitcoin closes below this level, it could drop another 4%, possibly testing the low of $57,493 from September 16, which aligns with an upward trendline formed since early August.

The Relative Strength Index (RSI) is below 50, indicating weak momentum that could further push Bitcoin's price down. However, if Bitcoin closes above $62,059, it might invalidate the bearish outlook and climb back to test the $66,000 level.

ETH(Ethereum) Faces Critical Resistance at $2,461: Will It Break Through or Decline?

Ethereum's price is nearing a critical resistance level. On Monday, it faced rejection at $2,461 and dropped by 2.85% over the next two days. This resistance level aligns with both the 50% retracement point at $2,487 and the 50-day Exponential Moving Average (EMA) at $2,532, creating a significant barrier. By Friday, Ethereum was trading just above $2,413 and approaching this key resistance again.

The Relative Strength Index (RSI) on the daily chart sits at 45, below the neutral level, signaling weakness and a continuing downward trend.

If Ethereum fails to break through the $2,461 resistance, it could drop by 10% from its current price, potentially revisiting the September 6 low of $2,155.

However, if Ethereum manages to break above $2,461 and close above the 50-day EMA at $2,532, it could gain momentum and rise further, possibly reaching its August 25 high of $2,820.

Ripple in Holding Pattern: Ripple Price Stabilizes Between $0.506 and $0.544

Ripple's price recently fell below its rising trendline, its 200-day Exponential Moving Average (EMA) around $0.553, and its support level of $0.544 on October 2. 

Since then, XRP has been moving in a range between $0.506 and $0.544 for over a week. By Friday, it was trading at approximately $0.535, getting close to the upper limit of its range at $0.544.

If XRP breaks below $0.506 and closes lower, it could continue to drop by 15%, potentially testing the August 5 low of $0.431.

The Relative Strength Index (RSI) on the daily chart is below 50, showing weak momentum and suggesting a continued downward trend.

However, if XRP manages to break above $0.544 and close higher than the 200-day EMA at $0.553, it could rise by 13%, with the next target being the resistance level at $0.626.