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TOP 3 Price Analysis: BTC, ETH, XRP — Is Ongoing Growth Last One Before Sharp Drop?

Thu, 06/18/2020 - 14:13
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Denys Serhiichuk
Where will the growth of Bitcoin (BTC), Ethereum (ETH), and XRP stop?
TOP 3 Price Analysis: BTC, ETH, XRP — Is Ongoing Growth Last One Before Sharp Drop?
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Cryptocurrencies are continuing to consolidate: the leading asset is squeezed in a 'Triangle' pattern, and only a breakout through $10,565 would indicate a continued rise to $13,865. Cardano (ADA) remains the only gainer today. However, growth has slowed since the start of the day. It has amounted to 0.24% over the past 24 hours.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

The key data for Bitcoin (BTC), Ethereum (ETH), and XRP is below.



Market Cap


Volume (24h)

Change (24h)




















Bears continue to hold resistance at around $10,000. Now the Triangle pattern is being formed on the daily chart of the asset. The main trading idea still involves a breakdown of the lower border with a continued decline to $6,320 as part of the model refinement. An additional signal in favor of this option would be a rebound from the downtrend on the RSI indicator.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

A breakdown of the support level and the price holding below $8,555 would also suggest a drop. If the coin breaks out of the upper boundary of the Triangle model, there could be continued growth to the first target at $11,900.

Bitcoin is trading at $9,391 at press time.


Yesterday, Ethereum (ETH) was at $230, setting a daily minimum at $227.56. By the end of the day, the pair recovered to the support at $233.33. During the Asian session, trading volumes were below average and the pair was unable to continue to grow towards the POC line ($243.36). If buyers increase volumes today, the recovery might continue.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

However, if sellers become more active in the area of ​​average prices, then they could push the price to the ​​$225 area. Even a re-test of the $222.98 level will likely not cancel the bullish scenario.

Ethereum is trading at $231.97 at press time.


XRP is the biggest loser on our list. The coin has lost 2.68% of its value over the past day. Yesterday, buyers tried to test the psychological mark of $0.20, but sellers reacted with a rather strong bearish impulse, which pierced the support at $0.19. However, this area stopped the rollback and the pair returned to the area of average prices.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

If buyers gain a foothold above the two-hour EMA55, they will be able to break through the psychological level of $0.20. If bears dominate the market today, then the price will fall into the zone of yesterday's low.

XRP is trading at $0.1908 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at