U.Today is supported by its audience. When you buy through referral links, we may earn a commission.

TOP 3 Price Predictions: BTC, ETH, XRP — Trading Sideways. Are Bulls Accumulating Their Efforts?

Price Predictions
Mon, 04/29/2019 - 08:25
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Is the market able to recover from the downturn? Read the following predictions to understand how to act in such a situation

Cover image via www.123rf.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.

Contents

The past week, the crypto market was mainly in the red zone, following the decline of the leading cryptocurrency below $5,200 on Friday, April 26. The rate of the top altcoins declined as well.

However, in the middle of the week, analysts at the Adamant Capital fund stated that the price had passed the bottom and the accumulation stage began, with the possibility of growth.

Currently, the top 3 coins are trading sideways; only Ethereum has shown a slight drop by 0.15% over the last 24 hours.

The market cap came to the positions of the previous Friday and is now $171 billion.

BTC/USD

After Friday’s decline, Bitcoin still cannot recover and confidently go up. Even the high trading volumes of Bitcoin futures on the Chicago Mercantile Exchange at $280 million could not help BTC’s rate to increase.

BTC/USD hourly chart
BTC/USD chart by TradingView

According to the 1-hour chart, Bitcoin dropped to the $5,100 mark; however, the bullish tendencies still dominated as the support at $5,900 was not broken.

Must Read
Bitcoin Price Analysis: Even a $4,200 Drop Can’t Break the Bullish Trend. How Will the Golden Cross Change BTC’s Price? - READ MORE

The possible long scenario could be closing the points of the Elliot Impulse Wave pattern, and in the end the level at $5,400 is supposed to be achieved.

The price of BTC is trading at $5,306 at the time of writing.

ETH/USD

The second most popular crypto in terms of market cap is trying to move together with Bitcoin; however, currently, it is losing a few points against the background of the recent fall.

ETH/USD hourly chart
ETH/USD chart by TradingView

On the hourly graph, the quotes of Ethereum are trading between the support zone at $150 and the resistance one at $158.

The MACD indicator shows a reversal, and if that happens, ETH will reach $160 again. Trading volumes also are quite high, which is a sign of a price increase.

The price of ETH is trading at $157.93 at the time of writing.

XRP/USD

Among the top 3 coins, Ripple is showing the best dynamics, having increased by 0.51% over the last day. The possible reason for this is the recent news from Binance, whose research division concluded that XRP is “the best diversifier among digital assets”.

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

From the 4-hour chart, the Triangle pattern has been formed, and the $0.30 mark is an important one in terms of the short-term analysis. The RSI indicator is in the oversold area, which confirms the possible entry of buyers.

Must Read
Ripple Price Climb in Q1 Saw XRP Sales Jump 31% According to Report - READ MORE

As a whole, once the $0.30 resistance is broken, the quotes will move to another level at $0.32.

The price of XRP is trading at $0.2986 at the time of writing.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
Why Crypto Investors May Not See an "Alt Season" For many months ahead

Why Crypto Investors May Not See an "Alt Season" For many months ahead

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

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

Bitcoin Price’s Next Stop $5,600, Trader Explains How

Bitcoin Price’s Next Stop $5,600, Trader Explains How

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

Price Predictions
Sat, 03/28/2020 - 18:19
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • 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 – 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.

Must Read
Bitcoin Price’s Next Stop $5,600, Trader Explains How - READ MORE

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
Why Crypto Investors May Not See an "Alt Season" For many months ahead

Why Crypto Investors May Not See an "Alt Season" For many months ahead

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

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

Bitcoin Price’s Next Stop $5,600, Trader Explains How

Bitcoin Price’s Next Stop $5,600, Trader Explains How