TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) β€” Has The Bull Run Followed by A Pull Back?

  • Alex Morris
    πŸ“ˆ Price Predictions

    Is the market feeling a stagnation or consolidating efforts before a bullish wave? Let’s analyze it and predict what to expect from the top 3 coins.


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) β€” Has The Bull Run Followed by A Pull Back?

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.

Contents

During the weekend, the rates of the most popular cryptocurrencies were at the top. However, the situation is being changed now. The prices of almost all digital assets out of the top 10 are decreasing, while the biggest loser is Litecoin, whose rate has dropped by more than 5% over the last 24 hours.

Against the background of the rollback, the BTC’s domination rate has increased up to 52.7%, while the total market capitalization makes up $177 billion.

BTC/USD

The past week passed quietly for Bitcoin. The bears managed to push test the lower border of the green corridor, and throughout the days the pair tried to recover to the upper border of the ascending zone.

BTC/USD chart by tradingview

On the 1-hour chart, the average price level keeps the pair from retesting the lower limit. However, in the area of ​​$5,400, a strong resistance exists, which does not allow the price to break through to the psychological level at $5,500. During the last week, buyers managed to form only one impulse to restore above the moving average EMA55. As long as the bulls failed to form a powerful bullish run, the BTC’s price will remain hanging at the level of the moving average.

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The price of BTC is trading at $5,299 at the time of writing.

ETH/USD

Monday, Apr. 22 has started for Ethereum with the fall of its rate and the price bounced back to the quotes of the middle of the previous week.

ETH/USD chart by tradingview

Yesterday's minimum at the point of $168 serves as the starting point for day consolidation in a narrow corridor, which has a slight upward trend.

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The Fibonacci retracement shows that the asset is located in the red zone, which is a buying opportunity. However, it only happens with the increase of trading volume.

The price of ETH is trading at $169.73 at the time of writing.

XRP/USD

Ripple is supposed to be a ’’dark horse’’ among the top 3 coins, as its rate has increased by more than 2% just in 1 hour. Last week, the dynamics of the XRP/USD pair was weakly correlated with the dynamics of BTC/USD. Until the middle of the week, Ripple recovered to the resistance of $0.3443, showing around 11% growth, but by the end of the week, the pair could not consolidate at the level of $0.330.

XRP/USD chart by tradingview

Throughout April, Ripple is located in a wide lateral range, gradually narrowing the amplitude to a level of $0.330.

According to the RSI indicator, the asset isn’t overbought, so a bounce back to the previous levels is likely to occur.

The price of XRP is trading at $0.3264 at the time of writing.

Cover image via www.123rf.com
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XRP/USD Price Prediction β€” Facing the Road to $0.5: Can Bulls Keep It Up?

  • Denys Serhiichuk
    πŸ“ˆ Price Predictions

    Almost all attention has been paid to πŸ’°Bitcoin. But what about Ripple: Is it still an attractive πŸ”investment?


XRP/USD Price Prediction β€” Facing the Road to $0.5: Can Bulls Keep It Up?

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.

Although almost the whole cryptocurrency market is green today, Ripple is not showing its best, as its rate has gone up only by 3%, while the prices of BTC or ETH have increased much more.

However, there is a relatively positive news background for XRP holders. Thailand’s oldest bank, Siam Commercial Bank (SCM), made it clear that it would use Ripple technology for cross-border transfers.

Ripple chart

Ripple is one of those coins that has grown from the bottom, although it is quietly discussed in the news. It’s not worth grabbing XRP in hopes of a fast pump; it’s a tough medium term that can make a profit of 20% or more in one moment.

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The technical analysis confirms the news background.

XRP/USD 30-min chart

As we predicted today in our forecast, XRP keeps moving up slowly; however, one should expect a slight decline shortly. On the 30 minute graph, the coin has been under bearish dominance since the middle of May; the quotes have declined by around 20%. All this means that the bottom has not been touched yet, and XRP can still go down to the nearest support at $0.38.

XRP/USD 4-hour chart

On the 4-hour chart, the situation looks more promising, and Ripple has the potential to go up. There are a few reasons for such a scenario. The MACD is located near its bottom points, meaning that sellers are running out of steam. Thus, RSI is neutral, suggesting that bulls are about to come back soon.

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If the downtrend line formed on May 16 is broken, Ripple might reach $0.40 until the end of May. In this regard, the increasing trading volume serves as support for such a price movement.

The price of XRP is trading at $0.3884 at the time of writing.

Cover image via 123rf.com
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