TOP 3 Price Predictions: BTC, ETH, XRP — What Signs Will Reveal the End of the Bearish Trend?

Price Predictions
Mon, 11/11/2019 - 14:11
Denys Serhiichuk
Bitcoin is pushing the cryptocurrency market down again. Will there be a rescue attempt for the altcoins?
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The end of the last week was extremely volatile for the cryptocurrency market as Bitcoin (BTC), the most popular crypto, crashed by about $400 in just a matter of hours. However, the altcoins did not follow BTC’s trend. Currently, the top 10 coins are located in the red. 

Top 10 coins by Coinstats

Below is the key data for Bitcoin, Ethereum, and XRP has changed the following way over the last day.



Market Cap


Volume (24H)

Change (24H)




















BTC has followed our earlier scenario, having dropped in price to the $8,600 mark. While the general trend has not switched to a bullish one, the price may shoot back up to the $9,000 mark. 

BTC/USD chart by TradingView

Analyzing the 1H chart, the relative strength index (RSI) indicator shows that BTC is oversold. This means that the price of BTC may rocket upwards in the near future. The Fibonacci retracement is another strong signal that favors an upwards swing in the price. In this particular case, $8,933 (61.8%) is a crucial resistance level that might be achieved soon. 

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Last but not least, the trading volume index shows a significant dominance by buyers against the ongoing drop.

At press time, BTC is trading at $8,711.


ETH is the only other top 3 coin whose rate has increased over the last 7 days. While BTC and XRP have declined by 5.70% and 6.80% respectively, the price of ETH has increased around 1%.

ETH/USD chart by TradingView

The chief altcoin is showing significantly better price dynamics than BTC. Looking at the hourly chart, one can observe the shadow of a long bearish candle. This usually means an upcoming bullish wave. The trading volume is also at a relatively high level, confirming that bears are running out of steam. In this particular case, traders might expect ETH to hit a price of $188 by the end of the week.

At press time, Ethereum is trading at $186.15.


XRP has not show growth or even slight growth against the downfall of the general market. Since yesterday, the coin has lost 2.73%.

XRP/USD chart by TradingView

Even with the sharp upswings and downswings, XRP is the only coin whose trading volume has not declined. On November 8th, the price left its support level to a price of around $0.27. 

Latest XRP Price Predictions — Is it on the Verge of Bigger Drop in the Next Few Days?

Currently, the situation is almost identical, with the RSI indicator located in the oversold zone. Based on these factors, one might conclude that a resistance level of $0.2750 might be reached shortly.

At press time, XRP is trading at $0.2716.

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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

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