3 Major Crypto Assets Price Predictions: BTC, ETH, XRP Show Early Signs of Weakness, Bearish Sentiment May Further Decline

Bitcoin (BTC) prices continue to trade within a narrow range, currently reported at around $115,400 during the Asian session today (25th), suggesting a weakening bullish momentum. Meanwhile, Ethereum (ETH) and Ripple (XRP) have fallen nearly 3% and 10% respectively so far this week. Traders should remain cautious as the Momentum Index for these crypto assets shows signs of weakening bullish momentum.

Bitcoin consolidating between 116,000-120,000 USD

After reaching an all-time high of $123,218 on June 14, the price of Bitcoin has been consolidating in the range of $116,000 to $120,000 over the past 10 days. As of the writing of this article on Friday, its trading price has slightly dropped, nearing the lower limit of the consolidation at $116,000.

If BTC falls below 116,000 USD daily, it may continue the downtrend and retest the 50-day exponential moving average (EMA) at 111,458 USD.

On the daily chart, the Relative Strength Index (RSI) is at 55, continuing to decline after breaking through the overbought condition on Tuesday, indicating that bullish momentum is weakening. Additionally, the Moving Average Convergence Divergence (MACD) also showed a bearish crossover on Wednesday, issuing a sell signal and indicating bearish momentum.

On the contrary, if BTC closes above the upper limit of the consolidation range at 120,000 USD daily, it may continue its bullish momentum and set a new historical high of 123,218 USD.

(Source: Trading View)

Ethereum shows early signs of weakness

On Wednesday, the price of Ethereum failed to find support near the daily level of $3,730, falling by 3.15%. However, the next day, the price of Ethereum rebounded from the psychological barrier of $3,500, recovering most of the losses. As of Friday when this article was written, the price of Ethereum had fallen and was facing a pullback at the daily level of $3,730.

If ETH's daily closing price is below $3,500, it may continue its fall and retest the key psychological level of $3,000.

The RSI indicator on the daily chart shows 72, indicating a move down from an extremely overbought state, suggesting that the bullish momentum is weakening. Additionally, the MACD indicator is converging, and the green histogram is also declining, further indicating that the bullish momentum is diminishing.

However, if the level of $3,500 holds as support daily and ETH closes above $3,730 daily, it may continue its pump until the next key level of $4,000.

(Source: Trading View)

XRP shows a bearish condition on the MACD indicator

The price of XRP reached an all-time high of $3.66 last Friday, then slightly fell, finding support near the daily support level of $3.40, and rebounded on Tuesday. However, on Wednesday, the price of XRP dropped significantly by 10.33%, closing below the daily support level of $3.40, and retested its 61.8% Fibonacci level of $2.99 the next day. As of Friday when this article was written, the price of XRP is still down around $3.08.

If XRP closes below the support level of $2.99, it may continue to pump until the next daily support level of $2.72.

On the daily chart, the RSI indicator has significantly retreated from an overbought state this week, currently at 58, indicating that bullish momentum is weakening. Additionally, the MACD indicator showed a bearish crossover on Wednesday, issuing a sell signal and suggesting that bearish momentum continues.

On the contrary, if XRP recovers, it may continue its recovery momentum to its daily resistance level of $3.40.

(Source: Trading View)