The trump coin price prediction livecryptocurrency market showed signs of stabilization over the weekend after experiencing notable corrections last week. Three leading digital assets - Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) - are currently testing important technical levels that could determine their next directional moves.
BTC appears to be consolidating around the $105,000 psychological level after briefly dipping below its 50-day Exponential Moving Average (EMA) at $102,893. The flagship cryptocurrency closed below its daily support at $106,406 last Thursday before finding temporary footing.
Technical indicators present mixed signals for Bitcoin. The Relative Strength Index (RSI) hovering near 50 suggests market indecision, while the Moving Average Convergence Divergence (MACD) shows a bearish crossover that typically precedes downward momentum.
Key levels to watch include resistance at $106,406 and support at $100,000. A sustained break below the 50-day EMA could open the door for further declines, while reclaiming the $106,406 level might signal renewed bullish momentum.
ETH finds itself testing the lower boundary of its recent consolidation range at $2,461 after failing to maintain support near $2,724. The second-largest cryptocurrency by market cap shows similar technical characteristics to Bitcoin, with its RSI near 50 and MACD displaying bearish signals.
The $2,429 level (50-day EMA) represents critical support for Ethereum. A decisive close below this level could trigger extended declines toward $2,000. Conversely, holding above current levels might allow ETH to retest upper resistance at $2,724.
XRP faces technical challenges after closing below its 50-day EMA at $2.24 last week. The digital asset shows weaker momentum compared to its larger counterparts, with RSI readings below 45 indicating stronger bearish pressure.
The immediate technical picture suggests XRP may struggle to reclaim its 50-day EMA. Failure to do so could lead to a test of support at $1.96. Market participants should watch for potential rejection at the $2.24-$2.25 zone as an early indicator of continued weakness.
While technical indicators currently favor bearish scenarios for these major cryptocurrencies, traders should remain aware that market conditions can change rapidly. The current stabilization near support levels could represent either a temporary pause before further declines or the early stages of accumulation before a potential rebound.
As always in cryptocurrency markets, proper risk management remains essential when navigating these volatile conditions. The coming days may provide clearer signals about whether current support levels will hold or give way to deeper corrections.