Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP consolidate as traders eye key macro data :

Bitcoin price extends its recovery on Friday, having gained nearly 3% so far this week.
Ethereum price has consolidated between the $4,232 and $4,488 levels for over a week, signaling indecisiveness among traders.
Ripple’s XRP finds support around its 100-day EMA at $2.77, eyeing a recovery ahead.
Bitcoin (BTC) price trades in green above $111,000 at the time of writing on Friday, having recovered nearly 3% so far this week. Ethereum (ETH) price consolidates between key levels, while Ripple (XRP) finds support around its critical level. The top three cryptocurrencies are consolidating as traders adopt a cautious stance ahead of key US macroeconomic data, due to be released on Friday, which could influence the Federal Reserve’s (Fed) monetary policy outlook, keeping crypto markets on edge.

Bitcoin flashes early strength as momentum indicators improve
Bitcoin price started the week on a positive note on Monday and recovered 3.20% until Wednesday, closing above its 100-day Exponential Moving Average (EMA) at $110,748. However, on Thursday, BTC faced a correction but found support around its 100-day EMA. At the time of writing on Friday, it extends its recovery trading above $111,000.

If BTC extends its recovery, it could further the rally toward its daily resistance level at $116,000.

The Relative Strength Index (RSI) on the daily chart reads 46 and points upward toward its neutral level of 50, indicating that bearish momentum is fading. Moreover, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover on Friday, indicating improving momentum and supporting the bullish view.

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

Ethereum consolidates, signaling indecisiveness among traders
Ethereum price has been consolidating between $4,232 and $4,488 since last Friday. As of this week, it has hovered between these levels, indicating indecisiveness among traders. At the time of writing on Friday, it hovers near the lower consolidation level at $4,232.

If ETH finds support around the lower consolidation boundary at $4,232 and closes above $4,488 on a daily basis, it could extend the rally toward its record high at $4,956.

The RSI on the daily chart is hovering around its neutral level of 50, indicating indecisiveness among traders.

However, if ETH faces a correction and closes below the lower consolidation level at $4,232, it could extend the decline to retest its 50-day EMA at $4,050.

XRP technicals show fading bearish momentum
XRP price found support around its daily level at $2.72 on Monday and recovered 3.74% the next day. However, it faced rejection on Wednesday and declined slightly the next day, retesting its 100-day EMA at $2.77. At the time of writing on Friday, it recovers slightly, trading around $2.80.

If the 100-day EMA at $2.77 continues to hold, XRP could extend its recovery toward its 61.8% Fibonacci retracement level at $2.99.

Like Bitcoin, XRP’s RSI reads 43, pointing upward and nearing its neutral level of 50, indicating fading bearish momentum. For the recovery rally to be sustained, the RSI must move above the neutral level.

However, if XRP closes below $2.77, it could extend the decline toward its daily support at $2.72.
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