The most popular cryptocurrencies are predicted to fall in September

Cryptocurrencies Bitcoin, Ethereum, and Ripple may continue to declinein the near future, according to market analysts. BTC is at risk of falling below $ 54,000, ETH is facing resistance at $ 2,300, and XRP is struggling with resistance at $ 0.544.

Bitcoin (BTC) is on the verge of an important support level at $ 54,000. If the price closes below this level, a further 7% drop to the next support level at $ 49,917 is possible. Earlier, BTC was rejected at $ 59,560, which resulted in an 8.7% decline in four days. Market strength indicators such as RSI and Awesome Oscillator are pointing to market weakness and further declines.

The Ethereum (ETH) price is facing resistance at $ 2,327. If ETH fails to overcome this barrier, it could fall by 9% to $ 2,118. The indicators on the chart also show market weakness, indicating that the decline is likely to continue.

Ripple (XRP) is approaching the resistance level of $ 0.544. If this level is rejected, the price could fall by 9.6% to $ 0.492. Similar to other cryptocurrencies, market force indicators are showing negative dynamics. If Bitcoin, Ethereum, or Ripple overcome their key resistance levels, it could lead to short-term growth, but currently, the main forecasts point to the risks of further decline.

As a reminder, 10x Research analysts suggest that the price of bitcoin could fall to $ 45,000. In a recent report by the company, Біллі Маркус" href="https://noworries.news/biography/billi-markus/" data-bio-id="3704">Marcus Thielen, head of research and founder of 10x Research, listed several factors that support this forecast.