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TOP 3 Price Predictions for BTC, ETH, and XRP: Analyzing Possible Trend Changes

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  • Denys Serhiichuk
    📈 Price Predictions

    How long is the ongoing decline going to last?

TOP 3 Price Predictions: BTC, ETH, XRP — Analyzing the Possible Trend Change Zones
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 previous weekends have ended in bearish territory for the cryptocurrency market. Bitcoin (BTC) has continued its decline and is being pushed below the $7,000 level. Surprisingly, some altcoins have lost less in value than the leading crypto.

Top 10 coins by Coinstats

Here is how Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) are looking today:

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$122,350,061,251

$6,772.12

$44,441,515,249

-6.06%

Ethereum

ETH

$14,991,891,725

$137.94

$9,691,996,676

-7.76%

XRP

XRP

$9,234,346,745

$0.213265

$10,201,846,379

-7.75%

BTC/USD 

BTC continued to downward trend between November 24th and 25th, failing below its $7,000 level. 

BTC/USD chart by TradingView

The above chart shows that the downward movement was supported by growth via the trading volumes. This indicates the bears’ continuing dominance.

 

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While the market is clearly dominated by sellers, the divergence on the relative strength index (RSI) hints at a possible short-term rebound. In this case, BTC is likely to bounce back to $7,300 sooner than later. However, the scenario is considered to be a short-term gain as the general trend remains bearish.

At press time, BTC is trading at $7,249.

ETH/USD

ETH has almost copied the price movements of the leading crypto. In the last 24 hours, the rate for the top altcoin has declined by more than 7%.

ETH/USD chart by TradingView

Looking at the 4H chart, ETH is trying to grow against the low trading volume. Respectively, one cannot expect a sharp price increase for ETH as the price is likely to fluctuate between $145 and $150. 

At press time, ETH is trading at $147.69.

XRP/USD

XRP is looking the least promising compared to BTC and ETH. The price of the third most popular crypto has dropped by almost 8%.

XRP/USD chart by TradingView

According to the chart, XRP is showing signs of attempted growth; however, this is unlikely to occur because of the candle's long wick. The decline's correction is not supported by the trading volume. In this regard, the chances of a price increase are minor, with XRP possibly stopping near the $0.22 mark. This is where XRP could consolidate within the next few days.

At press time, XRP is trading at $0.2219.

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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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    Vitalik Buterin, Co-Founder of the Ethereum Foundation and “father” of Ethereum, sat down with Eric Weinstein on The Portal podcast to discuss “old” and “new” economics.

Vitalik Buterin, Ethereum: Fiat Money Will Not Be Destroyed
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Contents

Two intellectuals, Vitalik Buterin (Creator of Ethereum), and Eric Weinstein (PhD, scientist, and Managing Director at Thiel Capital), recently sat down on The Portal to discuss Mr. Buterin's attitude towards the "classic" economics theory.

Libertarianism and Diversity

When both individuals discussed libertarianism, Vitalik Buterin said that libertarians mostly belong to two large groups characterized as either a "leave me alone'" or "conquer the world" approach. This divergence can be extrapolated into cryptocurrencies in terms of their mass adoption.

Mr. Buterin highlighted that there are participants within the crypto community that are assured that fiat currencies will be destroyed and replaced by Bitcoin (BTC). In general, Mr. Buterin estimated that the prospects of any "short-term disruption" for the sake of some "nebulous long-term gain" is skeptical. He said:

I'm definitely not in the camp that actively relishes that fiat currencies will be destroyed. 

Mr. Buterin added that several members within the Bitcoin community share this belief.

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Peaceful Coexistence

Vitalik Buterin predicts that Bitcoin and other cryptocurrencies will coexist with fiat money and balance the disadvantages of the classic monetary system. He also added that cryptocurrencies will provide "checks and balances" against a government monopoly on "issuing money" rather than "replacing it entirely".

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Mr. Buterin is well-known as a champion of pluralism in future world of cryptocurrency. He is sure that different communities will defend their views on its development.

Will crypto one day replace fiat money? Tell us your opinion on Twitter.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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