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TOP 3 Price Predictions: BTC, ETH, XRP — Any Chances for A Short-Term Bullish Dominance?

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  • Denys Serhiichuk
    📈 Price Predictions

    Are there any reversal patterns on the cryptocurrency market?

TOP 3 Price Predictions: BTC, ETH, XRP — Any Chances for A Short-Term Bullish Dominance?
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 second day of December started with the continuing decline of the cryptocurrency market. Ethereum (ETH), EOS (EOS), and Binance Coin (BNB) are the only three coins currently located in the green.

Top 10 coins by Coinstats

Below are the current positions for Bitcoin (BTC), Ethereum (ETH), and XRP (XRP):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$131,569,146,527

$7,277.53

$17,763,981,266

-0.86%

Ethereum

ETH

$16,133,079,464

$148.32

$6,778,946,380

0.41%

XRP

XRP

$9,514,626,980

$0.219738

$1,189,376,869

-0.73%

BTC/USD 

Our previous scenario for BTC remains relevant, as the current level is around $7,300 and critical in terms of further price movements.

BTC/USD chart by TradingView

Looking at the 4H chart, one can notice that BTC is almost fixed above $7,355 (61.8%). The next level is $7,581 (78.6%), and this might be achieved by the end of the current week. 

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However, the trading volume level needs to increase, or the price will come back to $7,000. If that happens, the short-term rise scenario will be canceled. 

At press time, BTC is trading at $7,317.

ETH/USD

ETH does not look as positive as BTC because there are fewer chances for the main altcoin to reach $150 and fix above it.

ETH/USD chart by TradingView

So far, ETH has not managed to break its bearish tendencies. As a short idea, one should consider a move to $140 as the trading volume index keeps declining, confirming the absence of buyers. ETH might attain this level through mid-December. 

At press time, ETH is trading at $148.86.

XRP/USD

XRP has been traded sideways since the last days of November. The coin has fluctuated between the range of $0.215 and $0.23.

XRP/USD chart by TradingView

According to the chart, XRP is located in bearish territory. This is confirmed by the increasing selling volume. The lines of the Moving Average Convergence/Divergence (MACD) indicator are also moving down. Respectively, traders might expect a return to the $0.215 level soon.

At press time, XRP is trading at $0.2195.

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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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$13 Mln in ETH Transferred to Poloniex from Wallet Inactive for Almost 2 Years

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  • Yuri Molchan
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    The Whale Alert account reports that nearly 89,000 ETH was wired to Poloniex from a wallet that had remained inactive since April 2018

$13 Mln in ETH Transferred to Poloniex from Wallet Inactive for Almost 2 Years
Cover image via u.today

On Friday, the Twitter account Whale Alert that tracks large movements of crypto on the blockchain, spotted nearly 89,000 ETH (that’s around $13 mln in Ethereum) sent to the Poloniex exchange.

The account points out that the wallet which sent the money had been inactive since April 1 last year. No one has used it for nearly two years, apparently, waiting for the crypto winter to be over and hoping for a price surge afterwards.

One of the possible reasons of this wallet becoming active again is the Ethereum hard fork Istanbul which is about to happen today, on December 7, at block 9069000.

Very often the price of an asset goes up after a major upgrade (the Istanbul hard fork will not cause an appearance of a separate coin as it was with Ethereum Classic).

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Earlier, U.Today reported that the South Korean exchange Upbit suffered from a hacker's attack and lost around $50 mln in Ethereum. Whale Alert on Twitter has recently published data about $37 mln stolen from Upbit that was moved by the hacker from one wallet to another.

The head of Binance, CZ, has promised that all funds stolen from Upbit that would end up on Binance would be immediately frozen.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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