TOP 3 Price Prediction: BTC, ETH, XRP — Bearish Sentiments Becoming More Visible

Price Predictions
Mon, 02/24/2020 - 13:59
Denys Serhiichuk
Can we expect continued growth of Bitcoin (BTC), Ethereum (ETH), and XRP this week?
Cover image via www.tradingview.com

The most liquid instruments of the cryptocurrency market since Friday have shown mainly lateral dynamics against the background of a neutral news flow. The main market indicator added 0.7% and, at the moment, its value is $283 Bln.

Top 10 coins by Coinstats

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

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$178 841 328 220

$9 807,71

$40 158 237 954

-0,61%

Ethereum

ETH

$29 792 461 186

$271,25

$19 562 307 640

0,25%

XRP

XRP

$12 040 743 074

$0,275221

$2 362 901 431

-2,31%

BTC/USD 

Monday has started with a decline of Bitcoin (BTC). The main crypto dumped from $10,000 to $9,600 within just a few minutes.

BTC/USD chart by TradingView

On the hourly chart, Bitcoin is still facing a bearish mood as a result of the recent dump. However, sellers are losing their strength to push the rate below current levels.

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Despite Bitcoin (BTC) Price Rallying Above $10,000, Things Still Look Great for Bears

Also, long bearish wicks are a reason bulls could push it back to the crucial $10,000 mark.

Bitcoin is trading at $9,787 at press time.

ETH/USD

The price of Ethereum (ETH) remains flat. Since Friday, the coin's quotes have not changed.

ETH/USD chart by TradingView

Ethereum (ETH) is accumulating efforts to continue its bull run. The main altcoin bounced off the $265 level, showing the strength of buyers. Moreover, the lines of the MACD indicator also confirm bullish sentiments. In this scenario, buyers have great chances at getting the price to $280 by the end of the month.

Ethereum is trading at $271.13 at press time.

XRP/USD

After the XRP quotes dropped below the blue trend line, confirming the assumption that the coin remains weak relative to other cryptocurrency market instruments under consideration, nothing new has happened here. Lateral movement is noted.

XRP/USD chart by TradingView

At the same time, on a larger time frame, you can see the technical  'Head and Shoulders' figure that has formed over the past month, which will finally take shape if it moves below the $0.264 price per coin.

XRP is trading at $0.2742 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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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