TOP 3 Price Prediction: BTC, ETH, XRP — Unlikely To Keep Attained Growth

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TOP 3 Price Prediction: BTC, ETH, XRP — Unlikely To Keep Attained Growth
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.

After a sharp growth started at the beginning of the current week, the cryptocurrency market is facing expected rollback. If, a few days ago, Bitcoin SV was ahead of the rest of the top coins, today, it is the biggest loser. Its rate has gone down by 12% over the last day.

Top 10 coins by Coinstats

Keep an eye on key information for Bitcoin, Ethereum, and XRP.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$159 076 741 821

$8 757,99

$35 066 849 898

-0,24%

Ethereum

ETH

$17 934 424 062

$164,09

$14 670 877 419

-1,49%

XRP

XRP

$9 980 307 160

$0,228624

$2 272 976 693

-4,00%

BTC/USD 

Our yesterday's Bitcoin price forecast is already coming true as the expected correction has started. On the 4H chart, the inverted ‘Head and Shoulders’ pattern has been practically worked out by the market. Here one can also observe a good price increase, where quotes left the downward channel.

BTC/USD chart by TradingView

As a short-term trading idea, traders should expect the development of a correction with a test of the broken channel boundary at the level of $7,700, and the continuation of the rise to the first target at around $9,800. 

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A strong signal in favor of this option will be a rebound from the support line on the RSI indicator. The cancellation of this scenario will be a fall with price-fixing below the level of
$6,875, which will indicate the continued development of the downward movement.

Bitcoin is trading at $8,686 at press time.

ETH/USD

The asset quotes on the daily chart were able to break through the upper border of the Bollinger Bands indicator bands, which indicates the probable end of the downward impulse and strong pressure from the bulls.

ETH/USD chart by TradingView

A good signal in favor of continued growth is the breakdown of the downward resistance line on the RSI indicator. However, its values test the overbought area, which can trigger the development of correction before the beginning of a strong increase in the value of a digital asset. Because of this, one should not exclude testing at the support level of $155 and continued growth to the first goal at the level of $202. A confirmation of the rise will be a breakdown of the upper boundary of the downward channel with price-fixing above $175.

Ethereum is trading at $161.20 at press time.

XRP/USD

On the 4H chart, quotes have left the downward channel and are now testing the resistance area.

XRP/USD chart by TradingView

Here one can also expect an asset value correction with a test of the upper border of the channel near the $0.20 area and continued growth to the first target at $0.27. Its breakdown will provoke continued growth and the next exit of quotations beyond the descending channel. In favor of this scenario, a test of the trend line on the RSI indicator will come out.

XRP is trading at $0.2264 at press time.

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.

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