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

Price Predictions
Mon, 11/25/2019 - 16:16
Denys Serhiichuk
How long is the ongoing decline going to last?
Cover image via www.tradingview.com

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.

 

Related
Bitcoin Price Could Form Major Bearish Pattern, According to Trading Legend Peter Brandt

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.

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 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.

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