Bitcoin, Ethereum, Ripple: BTC consolidates after record high

Bitcoin consolidates between $87,000 and $93,000.

A closing below $3,000 would force Ethereum's price to fall further.

Ripple price is approaching $1.13 barrier; a close above would prolong its rise.

Bitcoin (BTC) is consolidating after hitting a record $93,265 last week. Ripple's (XRP) price is optimistic as it tests and maybe smashes critical barrier, while Ethereum's (ETH) price is reaching its support level and might fall further.

Price of bitcoin consolidates between $87,000 and $93,000

Bitcoin hit a fresh ATH of $93,265 on Wednesday. Since then, it has consolidated with $87,000 in early backing. On Monday, it trades marginally higher at $90,500.

BTC might fall to $85,000 if it breaks $87,000. A successful closure below this level might ignite a $78,800 sell-off.

If BTC breaks and closes over $92,625, the surge might reach $100,000, a psychological threshold.

Ethereum will fall if it closes below $3,000.
After Tuesday's rejection around $3,454, Ethereum fell 8.8% till Sunday. It trades marginally higher on Monday, near $3,100, approaching the psychologically critical $3,000.

If ETH falls below $3,000, it may retest its 200-day Exponential Moving Average of $2,799.

ETH will climb to retest its psychologically crucial $4,000 barrier if it breaks and closes above weekly resistance at $3,454.

The ripple price may rise above crucial resistance.

On Thursday, Ripple price smashed $0.718 daily barrier and soared 62.5% till Saturday. It fell 5.9% on Sunday after failing to break the $1.13 50% price retracement. It rises 8.8% on Monday, breaking $1.13.

If XRP closes over $1.13, it might climb 21% to $1.372, its next daily barrier.

If XRP fails to finish above $1.13, it may fall under $1.00, a psychologically crucial milestone.

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