TOP 3 Price Predictions for BTC, ETH, and XRP: Have Bearish Sentiments Passed?

Price Predictions
Fri, 11/29/2019 - 14:11
Denys Serhiichuk
The bulls are losing ground. Are the bears gaining a foothold in the market?
Cover image via www.tradingview.com

While the cryptocurrency market remains uncertain, the top 10 coins are located in the green. Bitcoin's dominance rate constitutes 66.05%, and the total capitalization has surpassed the $200 billion mark.

Top 10 coins by Coinstats

Below is key data for Bitcoin (BTC), Ethereum (ETC), and XRP (XRP):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$136,995,772,896

$7,579.82

$18,578,175,157

0.35%

Ethereum

ETH

$16,801,763,549

$154.52

$6,980,357,678

1.38%

XRP

XRP

$9,878,395,351

$0.228139

$1,283,834,527

0.62%

 

BTC/USD 

A confident breakdown of the neckline reversal pattern indicates that the path of least resistance has been paved. This is also evidenced by a transition to a pattern of rising lows and highs in price.

BTC/USD chart by TradingView

With the current situation, the targeted "inverted Head and Shoulders" figure is $8,200. However, BTC may encounter resistance along the way near the $7,800 mark, as well as hit the 100-day moving average (MA), which is currently passing the $7,936 mark.

At press time, BTC is trading at $7,599.

ETH/USD

While BTC continues to trade within the local bullish channel, ETH has risen by 1.38% since yesterday.

ETH/USD chart by TradingView

ETH has almost reached the $155 level, the last support mark before dropping to $135. However, there are few chances that this major altcoin will rise in the short-term because the trading volume remains low. 

Related
Ethereum (ETH) Price Prediction: Can Buyers Fix the $150 Level?

Looking at the chart, the Ichimoku Cloud pattern confirms a decline between the range of $155-$160. Respectively, the drop may push the price down below $150 area.

At press time, ETH is trading at $154.87.

XRP/USD

XRP is trying to recover from a $0.20 drop. Currently, the coin is trading sideways, and its rate has increased by 0.62% in the last 24 hours.

XRP/USD chart by TradingView

Looking at the 4H chart, the Bollinger Bands confirm a local bullish mood. The rate might reach the $0.30 mark and encounter a resistance line. From that point, traders might expect a continuing downtrend as buyers have no intention of buying back XRP.

At press time, XRP is trading at $0.2289.

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