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TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Bounced Off $8,000 Support, Altcoins Are Looking For A Breakout

Price Predictions
Sun, 09/29/2019 - 08:02
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Denys Serhiichuk
The cryptocurrency market has switched to the stagnation phase. How long is it going to last for?
TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Bounced Off $8,000 Support, Altcoins Are Looking For A Breakout
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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.

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Contents

After a sharp fall, the cryptocurrency market could not start a bullish trend and keeps trading at its previous levels. Most of the top 10 coins are facing a slight decline, except for Bitcoin Cash, whose rate increased by 1.76% over the last day. If a few days ago Cardano was the top gainer, today, it is the biggest loser, going down by 3.51% over the past 24 hours.

Top 10 coins

Top 10 coins
Top 10 coins by Coinstats

The key indicators of the top 3 coins are looking the net way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$147 628 851 225

$8 218,26

$14 015 048 144

-0,48%

Ethereum

ETH

$18 721 445 868

$173,45

$6 810 097 293

-1,62%

XRP

XRP

$10 444 774 117

$0,242451

$934 764 309

-0,72%

BTC/USD

The leading cryptocurrency keeps locating in a sideways trend, trading between $8,000 and $8,400.

BTC/USD 4-hour chart

BTC/USD 4-hour chart
BTC/USD chart by TradingView

On the 4H chart, the MACD indicator is moving upward, suggesting a short-term price rise. In this case, BTC is likely to reach $8,400 soon. However, the long-term perspective remains bearish due to the decreasing trading volume. Respectively, Bitcoin might go down after testing $8,400. The nearest mark will be the level of $7,800.

Bitcoin is trading at $8,121 at press time.

ETH/USD 

Ethereum is moving according to our recent prediction, as the bounceback from the levels of $166 happened.

ETH/USD 4-hour chart

ETH/USD 4-hour chart
ETH/USD chart by TradingView

Ethereum is trading below the $178 mark, confirming the dominance of sellers on the market. The current level of trading volume also confirms the ongoing decline. One may think about a potential reversal only if ETH fixes above $178. In other cases, there are high chances to go below $165.

Ethereum is trading at $171.13 at press time.

XRP/USD

XRP has shown the least drop compared to other top coins. Its rate has gone down by less than 1% over the last day.

XRP/USD 1-day chart

XRP/USD 1-day chart
XRP/USD chart by TradingView

On the 1D chart, XRP has been located in a bearish wave since September 19 with no signals for a possible rise. The RSI indicator has not touched the bottom yet, confirming the decline, as well as, MACD that also supports the bearish tendencies. In this regard, the coin is likely to achieve $0.22 soon.

XRP is trading at $0.2389 at press time.

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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 makes 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, can be contacted at denys.serhiichuk@u.today.