Price predictions for the top 3 cryptocurrencies: BTC holds steady, ETH stagnates, XRP reveals breakout signals.

Bitcoin (BTC) is currently holding steady around the 111,000 USD mark on Wednesday morning, despite a slight adjustment in the previous session. In contrast, Ethereum (ETH) continues to move sideways for over a week, indicating investor hesitation. Meanwhile, Ripple (XRP) stands out with a technical pattern showing bullish tendencies, promising a breakout that could lead to a rise to the sky in the near future.

Bitcoin could explode if it closes above the 50-day EMA

The price of Bitcoin has continued its recovery trend in the first trading session of the week, approaching the 50-day exponential moving average at 112,830 USD but was quickly halted in this area. As of Wednesday noon, BTC is still fluctuating around the 111,000 USD mark.

If it can close above the 50-day EMA, Bitcoin is likely to extend its bullish wave, targeting the significant resistance area at 116,000 USD.

BTC/USDT daily chart | Source: TradingViewTechnical indicators are giving mixed signals. The RSI is currently at 43, after failing to break the neutral level of 50 on Tuesday, indicating that momentum is weakening. Conversely, the MACD had a bullish crossover last weekend, signaling a buy, while the green histogram continues to expand above the 0 level – reflecting increasing demand and short-term upward prospects.

In a negative scenario, if BTC cannot break through the 50-day EMA at 112,830 USD, the price may face adjustment pressure and retreat to the key support area around 107,245 USD.

Ethereum moves sideways, indicating traders' hesitation.

Over the past 12 days, since August 29, the price of Ethereum (ETH) has only fluctuated within a narrow range of 4,232 – 4,488 USD, indicating that the market is quite hesitant. As of Wednesday, ETH is trading around 4,319 USD.

ETH/USDT daily chart | Source: TradingViewIf it breaks through the important resistance level at 4,488 USD, ETH may extend its rise, aiming to challenge the historical peak of 4,956 USD. Conversely, closing below the support zone of 4,232 USD could trigger a correction towards the 50-day EMA at 4,096 USD.

On the daily chart, the RSI index has remained around the neutral zone of 50 since September 4, reflecting a cautious sentiment and evident hesitation in the trading behavior of investors.

Ripple signals a rise to the sky

The price of Ripple (XRP) is currently moving within a descending wedge pattern, formed since mid-July with peaks and troughs connected by two trend lines. As of Wednesday, XRP has approached the upper edge of the pattern, and a successful breakout could tilt the balance firmly in favor of the bulls.

If the daily candle closing price is above the resistance level around 2.99 USD, the upward momentum is likely to be reinforced, opening up opportunities to advance toward the 3.40 USD range.

XRP/USDT daily chart | Source: TradingViewOn the daily frame, the RSI indicator has risen to 52, slightly surpassing the neutral threshold of 50, reflecting early signs of demand. At the same time, the MACD has just recorded a bullish crossover on Monday, sending a buy signal and further reinforcing the optimistic outlook for the recovery trend.

On the contrary, if XRP continues to fail at this resistance level, selling pressure may bring the price back to the support area near 2.72 USD.

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