Bitcoin, Ethereum, and Ripple Price Predictions: Key Levels to Watch

Bitcoin (BTC) recently achieved a remarkable all-time high of $93,265 on Wednesday, but has since experienced a slight decline. As of Friday, BTC is trading around $88,200, reflecting a 3.3% drop from its peak. The Relative Strength Index (RSI) currently sits at 75, indicating that the asset is in overbought territory. Traders are advised to be cautious, as a pullback could occur if the RSI moves out of this zone. Should BTC correct, it may test the support level at $78,807, representing a potential decline of 10.6%. Conversely, if bullish momentum prevails, Bitcoin could rally towards the 241.40% Fibonacci extension level at $99,887.

Ethereum (ETH) is also facing critical price levels, having encountered resistance around $3,454 earlier in the week. Following a 9.2% decline, ETH is trading at approximately $3,084, approaching the psychologically significant $3,000 mark. A close below this level could lead to a further decline towards the 200-day Exponential Moving Average at around $2,789. The RSI for Ethereum is currently at 61, having exited the overbought zone. If the RSI continues to decline and falls below 50, it could signal further downward movement for ETH. However, if Ethereum breaks above the weekly resistance at $3,454, it may aim for the $4,000 target.

Ripple (XRP) has recently broken above the daily resistance level of $0.714, achieving a 12% rally on Thursday. As of Friday, XRP is trading at about $0.801, nearing its resistance level at $0.854. A rejection at this level could see XRP decline back to retest the $0.714 support level. The RSI for Ripple is alarmingly high at 86, indicating significant overbought conditions. Traders should be cautious, as a retreat from this level could signal a pullback. On the upside, if XRP manages to close above $0.854, it could extend its rally towards the next target at $0.930.