Bitcoin Struggles at $85,000 Resistance, Ethereum Faces $1,700 Hurdle, XRP Tests $2.23

The crypto market is currently exhibiting mixed signals, particularly for Bitcoin, Ethereum, and XRP. Bitcoin is grappling with key resistance levels, while Ethereum and Ripple are both under downward pressure. Bitcoin is trading around $83,500, struggling to surpass the crucial $85,000 resistance. Despite several attempts to break through, Bitcoin has faced setbacks each time. The 200-day Exponential Moving Average (EMA) level of $85,000 is a pivotal point that will likely determine the short-term forecast for Bitcoin. The Relative Strength Index (RSI) is around 50, indicating neutral momentum. If Bitcoin can sustain daily closings above $85,000, it may rally towards $90,000. Conversely, if it fails to break this resistance, it could drop to $78,258.

Ethereum is trading near $1,590, having found support around $1,449 last week. However, it has encountered strong resistance at the $1,700 level and has struggled to maintain an upward trend. If Ethereum cannot hold above $1,700, it may continue to decline, potentially retesting support at $1,449 or even falling to $1,300. The RSI is at 40, signaling weak momentum and suggesting that bearish pressure remains. If Ethereum can break through the $1,700 resistance, it could target levels at $1,861 and possibly $2,000.

XRP is facing challenges in maintaining bullish momentum after being rejected at the $2.23 resistance level. It is currently testing a critical support level near the 200-day EMA. XRP's future direction depends on whether it can break through the $2.23 resistance zone. If it fails, the price could drop further to the next support at $1.77. If XRP manages to break through $2.23 and hold above it, there is potential for further upside, with the next resistance levels at $2.50 and $2.72. The RSI is at 47, signaling bullish momentum. However, the crypto price forecast for XRP remains uncertain as the market tests key support levels. A breakout above $2.23 could signal a bullish trend for Ripple.

The outlook for the top three coins reveals mixed short-term predictions. Bitcoin is at a critical juncture, with its ability to break the $85,000 resistance level determining its future rally. Ethereum is struggling to overcome the $1,700 resistance, and XRP's next momentum will be decided by whether it can break the $2.23 level. Market momentum could shift depending on whether these coins can break through their respective resistance levels.