0
📈 Price Predictions
13110 views

TOP 3 Price Predictions: BTC, ETH, XRP — Trying to Catch the Last Bullish Train to $9,000

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Denys Serhiichuk
    📈 Price Predictions

    The correction has begun. What levels should one should pay attention to when it comes to Bitcoin, Ethereum, and XRP?

TOP 3 Price Predictions: BTC, ETH, XRP — Trying to Catch the Last Bullish Train to $9,000
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.

Today, the cryptocurrency market is mostly in red territory, with the market capitalization dropping from the $250 billion mark to the $244 billion mark. EOS (EOS) is the only coin located in the green; however, it is unlikely to build any resistance if the bearish wave continues.

Top 10 coins by Coinstats

Below is the main data on how the top 3 coins are looking today:

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$163,363,719,952

$9,057.79

$21,727,176,436

-2.06%

Ethereum

ETH

$20,033,508,589

$184.69

$8,445,418,269

-1.52%

XRP

XRP

$12,103,288,014

$0.279857

$1,911,740,192

-3.73%

BTC/USD 

Our earlier scenario about Bitcoin (BTC) reaching the $8,750 level has come true. With the start of the expected correction, the Bulls have been unable to fix above the $9,000 mark.

BTC/USD chart by TradingView

The price of the leading crypto fell below the 200-Day Moving Average (MA) to $9,180, which has been serving as a level of support for almost two weeks. Having overcome the crucial $9,000, BTC found short-term support in the form of the 100-Day MA on the 4H chart, forming the downward triangle's lower border.

👉MUST READ

Bitcoin Price May Spill ‘More Blood’, Declining to $8,600, Crypto Traders Say

Bitcoin Price May Spill ‘More Blood’, Declining to $8,600, Crypto Traders Say

BTC will soon be testing the $8,400-$8,600 area, with lower border corresponding to a Fibonacci ratio of 61.8%.

At press time, BTC is trading at $9,012.

ETH/USD 

Even though Ethereum (ETH) is in a much better position than BTC, it has been unable to withstand the general bearish trend.

ETH/USD chart by TradingView

Looking at the 1D chart, ETH is located between the $165 support level and the $195 resistance level. Looking at a short-term scenario, ETH is about to retest the support level because the trading volume is decreasing steadily. What is more, the Ichimoku Cloud is bearish, confirming an upcoming decline. 

At press time, ETH is trading at $183.44.

XRP/USD

In comparison to BTC and ETH, XRP (XRP) is today's biggest loser. Its rate has plummeted around 4% since yesterday.

XRP/USD chart by TradingView

Of the top 3 coins, XRP is only coin whose trading volume remains relatively high against the ongoing drop. XPP is also about to meet resistance at the $0.2650 mark. If the rate does not go below it, then one is likely to see an upswing to $0.30.

At press time, XRP is trading at $0.2771.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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.

TOP TRADING BOTSPromoted
Recommended articles
CLOUD MININGPromoted
0
📰 News
253 views

Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Alex Dovbnya
    📰 News

    Holding Bitcoin as a collateral is the next big use case for the top cryptocurrency

Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies
Cover image via 123rf.com
Contents

According to cryptocurrency influencer Chris Burniske, both Bitcoin and Ethereum already represent formidable collateral economies.

👉MUST READ

Ethereum's Upcoming Istanbul Hard Fork Details Shared By Team Lead

Ethereum's Upcoming Istanbul Hard Fork Details Shared By Team Lead

Moving beyond a medium of exchange

In his earlier tweet, Burniske also predicts that holding Bitcoin as a collateral could eclipse its medium of exchange (MoE) use case.  

He even goes as far as claiming that Bitcoin could morph into an off-chain collateral for the world. 

Burniske states that Ethereum has already created a burgeoning collateral economy around it. Apart from extending its utility beyond a pure MoE, this could also drastically decrease the coin's volatility because of all DeFi use cases.   

👉MUST READ

Ethereum (ETH) Price Undergoes Bullish Consolidation, Says Prominent Crypto Trader

Ethereum (ETH) Price Undergoes Bullish Consolidation, Says Prominent Crypto Trader

The next big thing in crypto

As reported by U.Today, Genesis Capital, a subsidiary of Digital Currency Group (DCG) that rules the roost in the cryptocurrency lending sector, had a record-breaking third quarter with a whopping $870 mln in new originations. 

In Q3, Bitcoin remained the best collateral for crypto with fiat money and altcoins breathing down its neck. The share of USD loans increased by 25 percent quarter-over-quarter.

However, a group of Wall Street traders made a dire warning about crypto lending, claiming that the breakneck speed of its growth could result in another crypto bubble. 

Subscribe to the official U.Today Telegram channel. Get news first!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an 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.

TOP TRADING BOTSPromoted
Recommended articles
CLOUD MININGPromoted

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings