Cryptonews BITCOIN, BTC, CRYPTOCURRENCY, ETHEREUM, MARKET ANALYSIS, MARKET TRENDS, MIDDLE EAST, RIPPLE, TRADING ACTIVITY Omar El-Sharif June 23, 2025 0 Comments

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – Bears Eye $98K BTC, $2K ETH, and $1.77 XRP

Bitcoin, Ethereum, and Ripple face significant declines amid geopolitical tensions, with critical price levels at risk. Bitcoin is at a crucial support of $100,000; Ethereum has sunk below $2,461, and XRP hovers near $1.96. The bearish indicators raise concerns about potential corrections for all three cryptocurrencies if key support is breached.

The cryptocurrency market is currently in turmoil, particularly for the big three: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). All three coins saw significant declines in value recently – approximately 5% for Bitcoin, 13% for Ethereum, and 7% for XRP. As tensions in the Middle East rise, analysts are closely monitoring key support levels. For Bitcoin, it is particularly critical, sitting just around the $100,000 mark; a close beneath this could mean additional downward movement.

Bitcoin’s current price momentum leans bearish. Over the weekend, it closed at $98,200 after a drop below its 50-day Exponential Moving Average of $102,942. At Monday’s evaluation, Bitcoin floated near the $100,000 support. Analysts are concerned that if it dips below this level, it might revisit the Sunday low. The Relative Strength Index (RSI) indicates bearish pressure, registering at 38 on the daily chart. Adding to this, the Moving Average Convergence Divergence (MACD) also displayed a bearish crossover, suggesting a prolonged downward trend.

Ethereum is not faring well either. The cryptocurrency has slipped under its critical support level of $2,461 after a series of losses and closed around $2,241 by Monday. If Ethereum does not recover, it could see a plunge toward $2,000, which is its next significant support. The RSI indicates strong bearish momentum too, at just 34, nearly in oversold territory, while MACD signals similarly negative projections. If it can rebound, it might bump back up to its 50-day EMA at $2,416.

XRP is also facing challenges, especially as it approaches a vital support level at $1.96. If it breaks below this, the outlook could turn even grimmer, paving the way for a potential decline down to $1.77. Similar to Bitcoin and Ethereum, XRP showcases a bearish tone with an RSI of 36 and a bearish MACD crossover on its daily chart. However, any recovery could push XRP back toward its 50-day EMA at about $2.21, providing some hope for buyers.

As for terms that crypto investors might want to understand, Bitcoin is the largest cryptocurrency and operates without a single central authority. Altcoins include any coins that are not Bitcoin, although Ethereum is often seen as an exception due to its significance in the crypto ecosystem. Meanwhile, stablecoins aim for value stability, typically backed by traditional assets like the US dollar to mitigate the overall volatility seen in cryptocurrencies. The dominance of Bitcoin often reflects investor sentiment before a possible market rally or shift toward altcoins. All in all, the crypto landscape seems cautious, and many investors are watching closely for potential price movements and corrections.

The bearish trend gripping Bitcoin, Ethereum, and Ripple has left investors worried about crucial support levels. Bitcoin teeters at $100,000, while Ethereum and XRP struggle to maintain their own critical thresholds. The metrics like RSI and MACD suggest a persistent bearish sentiment across the board. Recovery for any of the cryptocurrencies appears uncertain, but market participants are waiting for signs of stabilization before committing further. It is essential for investors to exercise caution as the situation evolves.

Original Source: www.fxstreet.com