TOP 3 Price Prediction: BTC, ETH, XRP — Has Short-Term Rise Terminated?

📈 Price Predictions
Tue, 01/28/2020 - 14:02
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    Analyzing the strength of the bears to withstand the growth of Bitcoin (BTC), Ethereum (ETH), and XRP

Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The cryptocurrency market is neglecting any rollbacks on its journey. All top 10 coins reamain in the green zone, as it was yesterday. Bitcoin Cash (BCH) is the only exception to the rule. Its rate has declined by almost 1% over the last day.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

 

BTC/USD 

Tonight, the price of Bitcoin (BTC) broke through the psychological level of $9,000.

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

The morning maxim is set in the region of the $9,150 mark. If one looks at the 6H chart, the Stoch RSI indicator lines are off scale in the overbought zone. To continue the growth, a rollback and some consolidation of the price are necessary.

Must Read
Bitcoin Price (BTC) Expected to Make 'Extra Bullish' Move. CZ Says It's Time to Unfollow Bears - READ MORE

If bulls can no longer increase the volume, then the price will roll back to the area of $8,900. After short-term consolidation, growth might continue to around the $9,550 level.

Bitcoin is trading at $9,045 at press time.

ETH/USD

Yesterday, in the morning, the price of ether fell back to the level of average prices, but in the afternoon, buyers were able to restore their lost positions and consolidated above the $168 level.

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

On the 4H chart, Ethereum (ETH) is forming a bearish divergence. What is more, the trading volume index is going down which means that buyers are becoming weaker. In this case, a more likely scenario is a rollback to $165, followed by upcoming price growth.

Ethereum is trading at $172.06 at press time.

XRP/USD

XRP is one of the top growing altcoins today. Its rate has risen by 3.65% over the last day.

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

Despite growth, XRP is likely to face a short-term correction soon as it is also overbought. To move the price higher, buyers need to face a decline that might drop the coin to around the $0.2320 level. If bulls hold that point, ongoing growth remains possible.

XRP is trading at $0.24 at press time.

{{ content.field_content_author|field_value|getauthorname|raw }}

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 make 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.

Recommended articles
A Severe Ethereum (ETH) Correction is Expected by Traders After 125% Rally: Here's Why

A Severe Ethereum (ETH) Correction is Expected by Traders After 125% Rally: Here's Why

TOP 3 Price Predictions: BTC, ETH, XRP Accumulating Effort for New Heights

TOP 3 Price Predictions: BTC, ETH, XRP Accumulating Effort for New Heights

Bitcoin (BTC) Price Could Jump to $200,000 within Two Years

Bitcoin (BTC) Price Could Jump to $200,000 within Two Years