TOP 3 Price Prediction: BTC, ETH, XRP — Bears Giving No Chance to Bulls

Price Predictions
Wed, 04/01/2020 - 14:00
Denys Serhiichuk
When will bears roll back the rates of Bitcoin (BTC), Ethereum (ETH), and XRP?
Cover image via www.tradingview.com

Slowly but surely, the cryptocurrency market is going down. Most of the top 10 coins are in the red zone. Bitcoin (BTC) has appeared as the main loser from the list.

Top 10 coins by Coinstats

Here is the important data for Bitcoin (BTC), Ethereum ETH), and XRP.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$114 920 066 999

$6 280.14

$33 404 602 187

-2.19%

Ethereum

ETH

$14 627 321 418

$132.57

$10 977 985 444

0.04%

XRP

XRP

$7 640 731 923

$0.173907

$2 060 363 451

-0.01%

BTC/USD 

Our Bitcoin (BTC) price forecast from yesterday has already come true as the price has almost reached the $6,170-$6,190 zone. Overall, the rate of the main crypto has declined by 2.19% over the past day.

BTC/USD chart by TradingView

Bitcoin (BTC) has not managed to hold above $6,500, having canceled the short-term growth. The trading volume continues dropping, confirming the absence of buyers.

Related
Bitcoin (BTC) Price Targets $5,500 Before Bullish Reversal

In this case, the first stop of the upcoming price drop is $5,800 where huge liquidity is located.

Bitcoin is trading at $6,320 at press time.

ETH/USD 

Ethereum (ETH) has shown slightly better price dynamics than Bitcoin (BTC). The rate of the main altcoin has even strengthened over the past day by 0.04%.

ETH/USD chart by TradingView

However, the short-term forecast remains bearish. A failure to hold near the $135 zone has weakened bulls and bears have seized the initiative again. As a more likely scenario, Ethereum (ETH) is about to retest the support line of the rising channel in the $125-$126 range.

Ethereum is trading at $131.40 at press time.

XRP/USD 

The rate of XRP has also declined by a relatively small percentage. The drop has amounted to 0.01% over the past 24 hours.

XRP/USD chart by TradingView

XRP is no exception to the rule and the upcoming drop is about to happen very soon. In terms of technical analysis, the coin is located within a Wedge pattern on the daily chart, which is usually a bearish signal. Summing up, there are good chances for XRP to reach $0.15 soon.

XRP is trading at $0.1723 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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