TOP 3 Price Predictions for BTC, ETH, and XRP: Searching for Support at their Lowest Zone

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TOP 3 Price Predictions for BTC, ETH, and XRP: Searching for Support at their Lowest Zone
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.

Nothing is essentially happening in the market as uncertainty slowly stretches out. However, Tezos (XTZ) is an exception to the rule as its rate has gone up by more than 4% since yesterday.

Top 10 coins by Coinstats

Below is key information for Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) and how these cryptocurrencies are looking today:

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$130,918,877,421

$7 234,13

$18 202 540 739

-0,77%

Ethereum

ETH

$15,764,561,590

$144,78

$7 640 497 253

-1,33%

XRP

XRP

$9,612,283,106

$0,222066

$1 132 472 520

-0,61%

BTC/USD 

Despite its high volatility, the price of Bitcoin has changed just over 2% since last week. Today, BTC fell to a two-week low of about $7,070. 

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However, the chart suggests the possibility of a small rebound to $7,300.

BTC/USD chart by TradingView

Looking at the 4H chart, Bitcoin bounced off its relative strength index (RSI) to a level near $7,100. As with regards to its nearest price prediction, one might expect short-term growth to its nearest resistance of $7,400. However, the trading volume index needs to increase in order to support bullish sentiments.

At press time, BTC is trading at $7,174.

ETH/USD

Ethereum has followed the price movements of the largest cryptocurrency. The rate of the main altcoin has dropped by 1.19% in the last 24 hours.

ETH/USD chart by TradingView

Concerning its closest price forecast, ETH has found local support at the $141 mark. While the trading volume index is still low, one can notice a declining selling volume. Respectively, buyers can push ETH to at least $150 through the end of the current month.

At press time, ETH is trading at $144.09.

XRP/USD

Compared to Bitcoin and Ethereum, XRP is showing the best price dynamics. The rate for the third most popular crypto has dropped by only 0.58%.

XRP/USD chart by TradingView

Looking at the 4H chart, XRP is forming a reversal, with its nearest price mark at $0.225. The short-term rise is confirmed by the Moving Average Convergence/Divergence (MACD) indicator, in which the lines are about to change from a bearish to a bullish tone. Furthermore, there is an increasing buying volume, which suggests an upcoming dominance of buyers in the market.

At press time, XRP is trading at $0.2205.

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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