CandleFocus

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections

Bitcoin, Ethereum, and Ripple all faced resistance at crucial levels ahead of the US Elections, leading to a price decline. Bitcoin's price declined from its all-time high and is now trading around $69,150. If it continues to decline, it could retest the key level of $66,000. The MACD indicator supports Bitcoin's decline, signaling a bearish crossover. On the other hand, if Bitcoin breaks above $69,500, it could rise to retest its ATH level.

Ethereum's price is hovering around its crucial support level of $2,419. If it breaks below this level, it could extend the decline by 11% to retest its September low. The MACD indicator also supports Ethereum's decline. However, if the ascending trendline holds as support, Ethereum could rally and retest its October high.

Ripple faced resistance around $0.544 and declined until Sunday. It is currently trading around $0.507. If it closes below $0.488, it could extend the decline to retest its August low. The RSI indicator suggests that bearish momentum is gaining traction. Conversely, if Ripple breaks above the 200-day EMA at $0.548, it could extend the rally and retest its next resistance level.

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