TOP 3 Cryptocurrencies Price Prediction: BTC Struggles to Break Out While ETH and XRP Extend Declines

! Bitcoin price (BTC) held steady around $83,500 during Wednesday's session, after repeated rejections at the 200-day EMA at $85,000 — a key resistance level that could usher in an uptrend if successfully conquered. Meanwhile, Ethereum (ETH) and Ripple (XRP) continue to be under selling pressure after hitting key resistance zones, extending the short-term correction.

Bitcoin struggles to break above $85,000

Since Sunday, Bitcoin has been steadily rejecting the 200-day (EMA) exponential moving average, which currently sits around the $85,000 threshold. On Tuesday, BTC attempted to break through this resistance but again failed, recording a decline of 1.12%. As of Wednesday, the world's largest cryptocurrency is hovering around the $83,500 mark.

! btc-eth-xrpBTC/USDT daily chart | Source: Tradingview If Bitcoin can close the daily candlestick steady above $85,000, the rally is likely to be extended to the key psychological resistance zone at $90,000. Successfully conquering this mark could pave the way for BTC to retest the latest peak set on March 2 at $95,000.

Meanwhile, the relative strength index (RSI) on the daily timeframe is hovering around the neutral level of 50, reflecting hesitation in investor sentiment. To consolidate the uptrend, the RSI needs to go above this level.

Conversely, if selling pressure continues to prevail, BTC could turn bearish to retest the nearest support zone at $78.258 on the daily chart.

Ethereum weakens on rejection around $1,700

Last week, Ethereum (ETH) found support around the $1,449 region and recorded a slight recovery. However, the rally quickly hit a stiff resistance zone at $1,700. By Monday, ETH continued to fail in its attempt to break through this threshold and turned down 2.15% in the next day's trading. As of Wednesday morning, the coin is hovering around the $1,590 mark.

! btc-eth-xrpDaily ETH/USDT chart | Source: Tradingview In a negative scenario, if correction pressure continues, ETH is likely to return to retest the critical support zone at $1,449. A close below this level could open up further downside risk, with the target approaching the psychological support zone around $1,300.

The RSI on the daily frame is currently at 40 — lower than the neutral mark of 50 — reflecting the downtrend that still prevails in the market.

Conversely, if ETH regains momentum and closes above $1,700, the short-term outlook could reverse positively, with the target heading to the next resistance zone at $1,861.

XRP extends its decline as it returns to test the $2.23 resistance level

The XRP price surpassed the 200-day EMA at $1.95 last week and recorded an 11% gain as of Saturday. However, on the next day, the coin met resistance at the $2.23 region and is down 3.49% through Tuesday. By Wednesday, XRP was hovering around $2.08.

! Daily XRP/USDT Chart | Source: Tradingview If XRP continues to fall and closes below the 200-day EMA, the downtrend may extend, with the target of retesting the next support at $1.77.

The RSI on the daily chart has fallen below the neutral level of 50, reflecting an increase in selling momentum.

Conversely, if XRP breaks out and closes above the $2.23 mark, the price could resume its upward momentum and head towards a retest of the March 24 peak at $2.50.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

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