TOP 3 Price Prediction: BTC, ETH, XRP — Has Bullish Breakout Started?

Price Predictions
Tue, 03/24/2020 - 13:39
Denys Serhiichuk
Expecting one more correction before sharp growth in Bitcoin (BTC), Ethereum (ETH), and XRP
Cover image via www.tradingview.com

The correction phase of the cryptocurrency market has finished and the top 10 coins have recovered their growth. XRP and EOS have risen less than 10% since yesterday.

Top 10 coins by Coinstats

The main data for Bitcoin (BTC), Ethereum ETH), and XRP is as follows.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$122 449 002 911

$6,696.87

$53 022 368 771

15.29%

Ethereum

ETH

$15 396 982 896

$139.68

$16 066 630 850

13.68%

XRP

XRP

$7 093 277 564

$0.161790

$2 328 897 876

8.44%

BTC/USD 

After a slight correction to the $5,800 area, bulls have seized the initiative and managed to hold above $6,000 and even $6,500. Current growth has amounted to 15.29% since yesterday.

BTC/USD chart by TradingView

Bitcoin (BTC) has confirmed the roll back from the fall to $3,600 and reaching the crucial mark of $7,000 is about to happen. On the 4H chart, the chief cryptocurrency could even reach $6,900 on some exchanges.

Related
Bitcoin (BTC) May Never Make New High: Peter Schiff

The ongoing growth has not been canceled, but a slight correction is about to occur as the coin is already overbought on small time frames. In this case, traders can expect Bitcoin (BTC) at $6,200-$6,400 soon.

Bitcoin is trading at $6,632 at press time.

ETH/USD

Ethereum (ETH) is showing less positive dynamics than Bitcoin (BTC). However, the leading altcoin is following the general trend, showing 13.68% growth over the last 24 hours.

ETH/USD chart by TradingView

Ethereum (ETH) is forming a bearish divergence on the 4H chart. The RSI indicator is going down, suggesting a short-term decline before continued growth. From a technical perspective, the main altcoin has shown similar trading patterns as Bitcoin (BTC) in recent days. The nearest support that Ethereum (ETH) might reach is around the $135 zone.

Ethereum is trading at $138.69 at press time

XRP/USD

As it was before, XRP is growing more slowly than Bitcoin (BTC) and Ethereum (ETH) on the rising market. The rate of the third most popular crypto has increased by 8.44%.

XRP/USD chart by TradingView

The rising trading volume of XRP confirms the ongoing bullish mood. Applying the Fibonacci retracement to the chart, the nearest resistance is located at the $0.18 mark, which corresponds to 61.8%. If volume remains high, the coin will reach the aforementioned level by the end of the current month.

XRP is trading at $0.1628 at press time.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy