Bitcoin, ETH, & XRP Price Prediction: Another Crypto Crash Incoming?
The cryptocurrency market crashed 8.85% overnight, with trading volume of $187.56 billion. Therefore, the value of cryptocurrency is $2.86 trillion. The cryptocurrency market reportedly disappeared over $260 billion in 36 hours, making it the worst-performing period of the year.
Given the current market trends, whale investors and institutions have entered a FOMO-like situation and are micro-monitoring the price action of these tokens. Are you one of many people who intend to invest in these tokens but are worried about their short-term forecasts? Read our article now!
Bitcoin (BTC)
Today’s Bitcoin price lost 8.23% in 24 hours, with trading volume of $88.621 billion. It is worth noting that it fell 7.39% in 7 days and crashed 17.28% this month. It is worth noting that the market value is US$1.725 trillion, and its market advantage is 60.3188%.
Simple moving averages (SMA) show bearish curves over the daily time range. This indicates that negative price action of the market bitcoin price increases. Additionally, the MACD indicator records a rising red histogram, indicating bearish sentiment this week.
If the Bulls recover, the price of Bitcoin may be ready for $95,000 this week. Instead, a bearish reversal could cause it to fall to its key low of $85,000 in the following time.
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Ethereum (ETH)
Ethereum’s price collapsed about 9.50% in 24 hours, with trading volume of $42.797 billion, a change of +68.73%. In addition, the alternative has lost 8.08% in the past week and 27.67% in 30 days. The market capitalization is US$29.16 billion, with an advantage of 10.1745%.
EMA 50/200 days recorded the death cross in the Ethereum price chart. On the other hand, the RSI indicator is oversold toward it in the daily time frame. This indicates an increase in uncertainty for the biggest Altcoin this week.
If the market favors the Bulls, the price of the ETH token may retest its $2,870 cap level over the next time. However, continued bearish action could raise the price of the alternative token to a low price of $2,175 this month.
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Ripple (XRP)
XRP’s price fell about 11% in 24 hours, with trading volume of $140.15 billion, a change of +192.13%. Furthermore, it has dropped by 12.93% over the past seven days, highlighting the increase in sales pressure on alternative tokens in the market.
Moving average convergence difference (MACD) records the red histogram rise. Additionally, the SMA indicator shows a negative curve in the ripple price chart, indicating the bearish outlook for the fourth largest crypto token in the market.
Assuming that in this case, the XRP price may retest its top high of $3.00. On the other hand, if the bears maintain their advantage, this could push the price to a significant support level of $2.00 this month.
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FAQ
The global cryptocurrency market has experienced major setbacks in the past 24 hours amid the rising tariff war.
By evaluating market sentiment, the price of Bitcoin may retest its $85,000 key support.
The biggest Altcoin experiences overnight valuation due to increased sales pressures in the crypto space and rising uncertainty.
The price of the ripple token fell by more than 10% in 24 hours, highlighting the increase in sales pressure.
