The post Bitcoin, ETH and XRP Price Prediction: Key Levels to Watch This Week! appeared first on Coinpedia Fintech News
Story Highlights
- Bitcoin price is struggling to reach the $100,000 mark, hitting a high of $99,655.
- Ethereum price hits a new four-month high and tests the $3.5k mark again.
- The XRP price crosses the $1.5 mark and regains a $30 month high.
The cryptocurrency market has recorded its most bullish month of the year as top tokens have shown significant growth in a short period of time. However, despite the increased price action, Bitcoin price is struggling to reach the $100,000 mark, resulting in increasing volatility.
With the BTC price about to retest the $100,000 milestone, what’s in store for the top cryptocurrencies next week? How will Ethereum and XRP prices react once the star crypto reaches this milestone? You will discover the possibilities within a few minutes!
Bitcoin (BTC)
The BTC price continues to trade between $97,000 and $99.5,000 over the past 48 hours. Notably, the largest cryptocurrency by market capitalization rose 44.68% this month and with a market capitalization of $1.948 trillion has a dominance of 59.67%.
The Relative Strength Index (RSI) continues to hover above the overbought range in the 1D timeframe. Furthermore, as the EMA 50/200 days are on a steady rise, the BTC price could continue to gain value this week.
If the bulls dominate the crypto space, Bitcoin price will reach the $100,000 mark. If the price is held above that level, the price could rise towards $110,000 in the near future. However, a bearish pullback could drag the price to the lows of $90,000.
Also read Bitcoin price prediction!
Ethereum (ETH)
Ethereum price is up ~3% over the past day with a trading volume of $36.84 billion. Furthermore, the stock has risen 11.52% over the past seven days and 35.69% over the past 30 days. With a market cap of $412.38 billion, this altcoin is valued at $3,431.87.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram, with the averages showing a continuous upward trend. With the SMA indicator recording a similar price trend, ETH price indicates a bullish outlook.
Suppose the bulls maintain their dominance, it could push the Ethereum price to the highest resistance level of $4,000 this year. On the other hand, if the bears overpower the bulls, it could pull the ETH token to the lows of $3,000.
Ripple (XRP)
Despite falling 4.96% in the last 24 hours, Ripple price is up 40.12% in the last seven days and ~200% this month alone. Furthermore, with a price tag of $1.5, this altcoin is currently testing a 30-month high.
The EMA 50/200 days shows a Golden Cross in the 1D time frame, with the RSI indicator hovering above the overbought range. This suggests that the altcoin could continue to gain strength this week.
If the Conversely, a bearish trend reversal could pull Ripple price towards the lower support level of $1 this year.
Also read Ripple Price Prediction!
Frequently asked questions
The price of one BTC was less than $0.01 until May 2010.
According to top researchers, ETH price is expected to break $5,000 in this crypto bull run.
If bullish sentiment continues, Ripple price will cross the $2 mark this year.
