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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) โ€” Bitcoin Is Leading the Whole Market. $200 Billion Market Cap Is on the Way

Price Predictions
Tue, 04/23/2019 - 08:02
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  • It looks like the bearsโ€™ positions are coming to an end. Is it too early to talk about the total market reversal or not?

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Disclaimer: The opinion expressed here is not investment advice โ€“ 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.

Contents

April 23 has started off for the crypto market more than just positive. A bullish Bitcoin candle has served as the reason for the increase in prices of other top coins. However, the rates of most digital assets are going up only in correlation to the US dollar but not BTC. Todayโ€™s bullish run of the worldโ€™s top digital asset is not the case when altcoins are going up faster than Bitcoin. Only the quotes of Bitcoin Cash and Cardano are showing a rise against the main crypto.

In this regard, BTCโ€™s domination rate has rocketed up to 53.2%. The total market capitalization has increased by $7 billion and now constitutes approximately $184 billion.

BTC/USD

As it was predicted, the breakout of $5,500 was just a matter of time, and Bitcoin finally managed to overcome this psychological level. On the 1-hour chart, we see that the price of BTC rocketed up to $5,650 and then rolled back to $5,540, where it is located now. One of the possible reasons for such growth is the testing by NASDAQ of the BTC trading interface.  

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

On the other hand, the EMA 50 indicator has not crossed the EMA 200, which is known in trading as the โ€œGolden Crossโ€ when market reversal happens and the bullish trend is replaced by the bearish one. Moreover, the RSI indicator shows the coin is overbought, which can be a sign for a small correction.  

It is a high possibility that BTC will reduce to $5,500 in order to gain efforts to break further new resistance levels. This would be a good scenario for Bitcoin in terms of a long-term perspective.

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The price of BTC is trading at $5,542 at the time of writing.

ETH/USD

Today, Ethereum is not the exception from the majority of other coins, as its rate has decreased against BTC, however, it has gone up in correlation to the US dollar by around 2.5%.   

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

In the early morning, ETHโ€™s rate managed to achieve $176, where it was trading 3 days ago, but it could not consolidate there and rolled back to $174.

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Based on the 1-hour chart, Ethereum has all chances to reach $180 as its trading volumes are quite high as well as its market capitalization.

At the moment, the yellow zone serves a great resistance for the coin, the breaking of which is a chance to touch $200 in the future.

The price of ETH is trading at $174.50 at the time of writing.

XRP/USD

Ripple is the only coin out of the top 3 whose rate is going down even against the US dollar. Currently, the asset has lost 0.13% in comparison to its position yesterday.

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

Taking into account the technical analysis, the situation has not changed so far over the last day. It looks like XRP has its own patterns of growth and decline as the overall market tendencies have little effects on its rate change or even no influence at all.

In order for the price to increase, Ripple needs to break a resistance level of $0.3320 on the 1-hour chart. Only in that case can further highs be achieved.

The price of XRP is trading at $0.3265 at the time of writing.

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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TOP-3 Price Predictions: BTC, ETH, XRP โ€” Sharp Dump or Start of Continued Decline?

Price Predictions
Sat, 03/28/2020 - 18:19
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  • Can Bitcoin (BTC), Ethereum (ETH), and XRP recover fast from yesterday's dump?

Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice โ€“ 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.

As expected, a sharp decline of the cryptocurrency market has occurred. The rates for the majority of prospective coins have gone down, and all of them are now in the red.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

Below are the main features for Bitcoin (BTC), Ethereum (ETH), and XRP:

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$114,625,532,228

$6,266.60

$34,497,792,526

-6.13%

Ethereum

ETH

$14,204,254,634

$128.80

$11,469,005,003

-5.80%

XRP

XRP

$7,431,913,709

$0.169268

$2,702,595,687

-3.89%

BTC/USD 

Our most recent Bitcoin (BTC) price forecast came true as the growth was not accompanied by the trading volume. Instead, a sharp decline took its place to $6,000.

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

Looking at the 4H chart, the main crypto is currently trending sideways despite yesterday's decline. The $6,000 level serves as strong support based on the high buying volume.

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In this case, the rate is unlikely to fix below this area. As a short-term projection, Bitcoin (BTC) is about to trade between the between $6,000-$6,350 range, which is mentioned on the chart.

At press time, Bitcoin was trading at $6,252.

ETH/USD

Ethereum (ETH) has accompanied Bitcoin (BTC) concerning yesterday's decline. The decrease in price for the main altcoin has constituted 5.47%.

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

Ethereum (ETH) is also unlikely to face a continued decline. According to the Bollinger Band, the coin is about to break out shortly. However, the liquidity is low on the weekends is low and a sideways trend prevails. To sum it up, Ethereum (ETH) is going to be located between its support line at $128.39 and the resistance level at $141.

At press time, Ethereum was trading at $128.16.

XRP/USD

XRP has shown the smallest price decrease compared to Bitcoin (BTC) and Ethereum (ETH). Its rate has gone down by 3.20% since yesterday.

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

Even though the rate of XRP has fallen the least, its trend is more bearish than Bitcoin (BTC) or Ethereum (ETH). Looking at the 4H chart, the lines of the Moving Average Convergence/Divergence (MACD) indicator has just entered into the red, confirming the presence of bears. Furthermore, the selling trading volume remains high. All in all, XRP holders might expect the rate to move near its support zone at $0.16 shortly.

At press time, XRP was trading at $0.1680.

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
XRP & Ethereum Plunge 90% From Record Highs as It Risks Big Correction

XRP & Ethereum Plunge 90% From Record Highs as It Risks Big Correction

Bitcoin Price (BTC) Is Closely Resembling the Stock Market's Massive Drop in 1930

Bitcoin Price (BTC) Is Closely Resembling the Stock Market's Massive Drop in 1930

Crypto Twitter Sentiment Remains Positive Despite Bitcoin (BTC) Price Drop

Crypto Twitter Sentiment Remains Positive Despite Bitcoin (BTC) Price Drop