- Bitcoin risks falling below $80,000 as sellers defend resistance and momentum remains bearish.
- Ethereum tests $2,316.77 support as oversold conditions fail to confirm a potential reversal.
- XRP risks dropping toward $1.25 if $1.2847 support breaks despite oversold momentum readings.
Bitcoin, Ethereum, and XRP face renewed selling pressure as bearish momentum dominates their four-hour charts. All three cryptocurrencies trade below major exponential moving averages (EMAs), signaling persistent weakness across the broader market. Besides, deeply oversold momentum readings suggest traders could see temporary rebounds without a confirmed trend reversal.
Bitcoin now tests support near $80,180, while Ethereum approaches $2,316.77. Meanwhile, XRP struggles to hold above $1.2847 as sellers threaten another breakdown. Consequently, these critical price levels could determine whether the market stabilizes or extends its recent losses.
Bitcoin Price Prediction: BTC Risks Falling Below $80,000
Bitcoin trades near $80,678 after losing several important technical levels during its recent decline. The cryptocurrency has slipped below its four major EMAs, reinforcing the bearish outlook. These averages range from $81,841 to $83,149, creating several potential obstacles for recovery attempts.
Additionally, BTC trades below the 0.236 Fibonacci retracement at $81,150. This breakdown leaves the recent swing low near $80,180 as the immediate support to watch. A decisive move below that level could expose the psychological $80,000 threshold. Further weakness could push Bitcoin toward $79,500.
However, Bitcoin’s Stochastic RSI readings of 3.16 and 7.10 indicate deeply oversold conditions. These readings could encourage short-term buying if sellers begin taking profits. Nevertheless, traders need stronger price action before treating a rebound as a trend reversal.
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On the upside, Bitcoin must reclaim $81,150 and the 200 EMA near $81,841. A move above the 20 EMA at $82,445 could strengthen recovery prospects. Moreover, resistance between $83,026 and $83,412 could limit further gains.
Ethereum Price Prediction: ETH Approaches Critical Support
Ethereum trades around $2,351.69 after breaking below its major moving averages and the $2,413.60 Fibonacci level. The decline signals weakening demand as sellers maintain control of the four-hour trend.
Significantly, ETH now approaches support at $2,316.77. A confirmed break below this level could expose $2,300, followed by the next downside target near $2,250. These levels could attract buyers seeking discounted prices, although continued selling might overwhelm demand.
Ethereum’s Stochastic RSI readings of 4.78 and 11.28 also indicate oversold conditions. However, oversold readings alone cannot establish that selling pressure has peaked. Buyers must reclaim $2,413.60 to improve the short-term outlook.
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Additionally, resistance between $2,467 and $2,473 could challenge an initial recovery. A stronger advance could bring the $2,521.92 Fibonacci level into focus.
XRP Price Prediction: $1.2847 Support Faces Pressure
XRP trades near $1.3001 as its four-hour chart maintains a bearish structure. The token continues to form lower highs and lower lows while remaining below its major moving averages.
The immediate support sits at $1.2847. Consequently, a decisive break could expose $1.27 and potentially $1.25. This makes the current support zone particularly important for traders monitoring further downside risks.
Meanwhile, XRP’s Stochastic RSI readings of 11.14 and 18.05 indicate oversold momentum. A rebound remains possible, but buyers need to reclaim $1.3416 before the chart shows meaningful improvement.
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Moreover, resistance at $1.3555 and $1.3768 could restrict recovery attempts. A stronger move toward $1.4052 would signal additional progress for bullish traders.
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