Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP all crash hard

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) closed below their key support level and, at the time of writing on Monday, crashed by 4.3%, 13% and 12.6%, respectively. The technical outlook for all coins shows signs of weakness and suggests a continuation of the downtrend.

Cryptos | 02/03/2025 03:44:19 GMT

Bitcoin price closes below its 50-day EMA at $98,611, poised for a further correction.

Ethereum price fell below $2,500 on Monday, hinting at a downleg ahead.

Ripple price closes below its ascending trendline, changing the market structure from bullish to bearish.

Bitcoin bears take the lead

Bitcoin price broke below the $100K support level and closed below its 50-day Exponential Moving Average (EMA) level at $98,611 on Sunday. At the time of writing on Monday, it continues to trade down by 4.3%, around $93,800.

If BTC continues its correction, it could retest its next key support at $90,000. A successful close below this level would extend an additional decline to test its $85,000 level.

The Relative Strength Index (RSI) on the daily chart reads 36, below its neutral level of 50, and points downwards, indicating a strong bearish momentum. Moreover, the Moving Average Convergence Divergence (MACD) also shows a bearish crossover on Friday, hinting at furth