Bitcoin, Ethereum, and Ripple Struggle as Key Resistance Levels Hold Strong – What’s Next for BTC, ETH, and XRP?

Bitcoin Faces Rejection at $116,000

Bitcoin price is trading in the red below $114,000 after failing to break through the $116,000 resistance level. The 50-day Exponential Moving Average (EMA) at $113,058 is now a critical support level. A break below this could see BTC testing the psychological $110,000 support.

• RSI at 44 indicates bearish momentum.
• MACD shows a bearish crossover, reinforcing the downtrend.

BTC/USDT daily chart

Ethereum Tests $3,730 Resistance

Ethereum price recovered 10.25% from its 78.6% Fibonacci retracement level at $3,392 but faced rejection at $3,730. Currently trading around $3,588, ETH risks falling back to $3,392 if the correction continues.

• RSI at 56 suggests bullish momentum but remains contested.
• MACD maintains a bearish crossover.

ETH/USDT daily chart

Ripple’s XRP Shows Weakness

XRP rebounded from the 50-day EMA at $2.80 but failed to sustain momentum, now trading below $2.92. A further drop could see it retesting $2.80.

• RSI slipping below 50 signals fading bullish strength.
• MACD aligns with the bearish outlook.

XRP/USDT daily chart