Predictions for the top 3 cryptocurrencies: BTC, ETH, and XRP face difficulties as selling pressure increases.

Bitcoin (BTC) is still struggling to regain its upward momentum, fluctuating around the 107,800 USD mark on Monday after recording a 5.49% decrease last week. Meanwhile, Ethereum (ETH) has dropped below the important psychological threshold of 4,000 USD, raising concerns about the possibility of a continued downtrend. Ripple (XRP) is also not faring better, continuing to face selling pressure as market momentum weakens significantly.

Bitcoin may correct to 102,000 USD if it closes below the important support area

The price of Bitcoin (BTC) faced strong resistance at the (EMA) 50-day exponential moving average around 113,950 USD on Tuesday, leading to a decline of 7.36% by the end of the week. However, the bulls quickly stepped in when the price hit the 61.8% Fibonacci retracement level at 106,453 USD on Saturday, helping BTC recover slightly by 2.22% the following day. As of the time of writing on Monday afternoon, Bitcoin is fluctuating steadily around 109,000 USD.

If BTC cannot maintain the important support zone of 106,453 USD and closes below this level, selling pressure may increase, pulling the price back to the bottom of 10/10 at 102,000 USD.

BTC/USDT daily chart | Source: TradingViewOn the daily chart, the RSI indicator is currently at 40, below the neutral threshold of 50 – indicating that the bears are still in control. At the same time, the MACD indicator has shown a (bearish cross) since October 11 and continues to maintain a negative signal, reinforcing the outlook for a deeper correction.

However, in the recovery scenario, BTC may extend its upward trend back to the previously broken trend line around 110,000 USD, where new selling pressure is likely to emerge.

Ethereum shows weak signals in momentum

The price of Ethereum has fallen more than 4% in the past week after being rejected at the resistance level of 4,232 USD. Entering this week on (Monday), ETH is fluctuating around the mark of 3,953 USD, reflecting the cautious sentiment of the market.

If the adjustment trend continues, the price may retreat to the 61.8% Fibonacci retracement level at 3,593 USD — coinciding with the 200-day EMA line, which is considered a key technical support level.

ETH/USDT daily chart | Source: TradingViewSimilar to Bitcoin, the RSI and MACD indicators of Ethereum are both reinforcing weak signals, indicating that the downside risk remains present.

On the contrary, in a recovery scenario, ETH could extend its gains to once again test the strong resistance area of 4,232 USD.

Bears dominate the XRP market

The price of XRP has fallen more than 5% in the past week after being rejected at the lower trend line of the descending wedge pattern. As of the time of writing on Monday, XRP is hovering around the 2.38 USD mark.

XRP/USDT Daily Chart | Source: TradingViewIf selling pressure continues to persist, this coin may slide deeper towards the next support zone around 1.96 USD. Technical indicators such as RSI and MACD are also currently leaning towards a bearish scenario, similar to the movements on Bitcoin and Ethereum.

Conversely, in the case of a resurgence in buying pressure, XRP could recover and test the important resistance area at the 200-day EMA, around the level of 2.61 USD.

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