The 3 main price predictions: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP recover as market sentiment stabilizes.

SourceFxstreet

September 3, 2025 04:36

• The price of Bitcoin extends its recovery on Wednesday, having gained nearly 3% so far this week.
• The price of Ethereum remains above its daily support at $4,232, with an eye on a potential recovery.
• Ripple's XRP rebounds after finding support near $2.72 earlier this week, signaling an improvement in short-term momentum.

The price of Bitcoin (BTC) is extending its recovery, trading above $110,000 at the time of writing this Wednesday, following recent corrections. Ethereum (ETH) and Ripple (XRP) followed the steps of BTC and slightly recovered after testing their key support levels, suggesting a possible continuation of the rally if the momentum is maintained.

Bitcoin closes above the 100-day EMA, aiming for further recovery

The price of Bitcoin started the week on a positive note, recovering slightly on Monday after a correction of almost 5% the previous week. BTC closed above the 100-day Exponential Moving Average (EMA) at $110,720 on Tuesday. At the time of writing on Wednesday, it is around $110,900.

If BTC continues its recovery, it could extend the rally towards its daily resistance at $116,000.

The Relative Strength Index (RSI) on the daily chart is at 45, approaching its neutral level of 50, indicating a decrease in bearish momentum. The MACD lines are also converging with a decrease in the red histogram bars, signaling that the bearish momentum is easing.

However, if BTC faces a correction, it could extend the drop towards its daily support level at $105,573.

Ethereum could recover if the daily support holds

The price of Ethereum tested and found support around the daily level of $4,232 on Saturday, recovering slightly the next day. However, it was rejected from its daily level at $4,488 on Monday and retested the support at $4,232, recovering slightly the next day. As of writing on Wednesday, it is hovering around $4,328.

If the daily level at $4,232 continues to hold as support, ETH could extend its recovery towards the next daily resistance at $4,488. A successful close above this level could extend gains towards its all-time high at $4,956.

The RSI on the daily chart is at 50 and is flattening around its neutral level, indicating indecision among traders.

However, if ETH faces a correction and closes below the daily support at $4,232, it could extend the drop to retest its 50-day EMA at $4,024.

XRP recovers by finding support around $2.72

The price of XRP found support around its daily level at $2.72 on Monday and recovered by 3.74% the following day. As of writing on Wednesday, it is around $2.83.

If the daily level at $2.72 continues to hold, XRP could extend its recovery towards its 61.8% Fibonacci retracement level at $2.99.

Like Bitcoin, the RSI of XRP is at 44, pointing upwards and approaching its neutral level of 50, indicating a decrease in bearish momentum. For the recovery rally to be sustained, the RSI must move above the neutral level.

However, if XRP closes below $2.72, it could extend the drop towards its 200-day EMA at $2.51.

Frequently Asked Questions About Cryptocurrency Metrics

What is circulating supply?

The developer or creator of each cryptocurrency decides the total number of tokens that can be minted or issued. Only a certain number of these assets can be mined, staked, or generated through other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, the circulating supply can also decrease through actions such as token burning or the accidental sending of assets to addresses of other incompatible blockchains.

What is market capitalization?

Market capitalization is the result of multiplying the circulating supply of a given asset by the current market value of the asset.

What is trading volume?

The trading volume refers to the total number of tokens of a specific asset that have been transacted or exchanged between buyers and sellers within a given time period, for example, 24 hours. It is used to measure market sentiment, this metric combines all volumes on centralized and decentralized exchanges. An increase in trading volume often denotes the demand for a particular asset as more people buy and sell the cryptocurrency.

What is the funding rate?

Funding rates are a concept designed to encourage traders to take positions and ensure that the prices of perpetual contracts align with spot markets. It defines a mechanism for exchanges to ensure that future prices and index prices regularly converge with periodic payments. When the funding rate is positive, the price of the perpetual contract is higher than the reference price. This means that bullish traders with long positions pay traders in short positions. On the other hand, a negative funding rate means that perpetual prices are below the reference price, and therefore traders with short positions pay traders who have opened long positions.

Disclaimer: For informational purposes only. Past performance is not indicative of future results.