Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week!
Post Bitcoin, ETH and XRP Price Prediction: Key Levels to Watch This Week! first appeared in Coinpedia FinTech News
Story Highlights
- Bitcoin price struggled to cross the $100,000 mark and hit a high of $99,655.
- Ethereum price hit a new 4-month high and retested the $3,500 mark.
- XRP price crossed the $1.5 mark and returned to 30-month highs.
The cryptocurrency market has had its most bullish month of the year, with top coins recording significant growth in the short term. However, despite the increased price action, Bitcoin price has struggled to break above the $100,000 mark, leading to increased volatility.
With BTC price on the verge of retesting the $100,000 mark, what’s next for the top cryptocurrencies this week? Furthermore, how will Ethereum and XRP prices react once the star cryptocurrency achieves this milestone? It only takes you a few minutes to discover the possibilities!
Bitcoin (BTC)
Over the past 48 hours, BTC prices have continued to fluctuate between $97,000 and $99,500. It is worth noting that the cryptocurrency with the largest market capitalization surged 44.68% this month, reaching a market capitalization of $1.948 trillion, occupying a dominant position of 59.67%.
The Relative Strength Index (RSI) continues to hover above overbought territory on the one-dimensional time frame. Additionally, BTC price may continue to rise this week as the 50/200 daily moving average continues to rise.
If bulls dominate the cryptocurrency space, Bitcoin price will reach the $100,000 mark. Sustaining the price above this level may push its price towards the $110,000 mark in the coming period. However, a bearish pullback could drag the price to $90,000 lows.
Also, please read Bitcoin Price Prediction!
Ethereum (ETH)
Ethereum price is up about 3% over the past day, with trading volume at $36.84 billion. Additionally, it has increased by 11.52% in the past seven days and by 35.69% in the past 30 days. The altcoin has a market capitalization of $412.38 billion and a valuation of $3,431.87.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram with its mean showing a continuous upward trend. ETH price hints at a bullish outlook as the SMA indicator records a similar price trend.
Assuming bulls maintain dominance, this could push Ethereum price towards this year’s cap resistance at $4,000. On the other hand, if the bears overwhelm the bulls, this could pull the ETH token towards lows of $3,000.
Ripple (XRP)
Despite falling 4.96% in the past 24 hours, Ripple price has surged 40.12% in the past seven days, surging approximately 200% this month alone. Additionally, the altcoin is trading at $1.5 and is currently retesting its 30-month highs.
The 50/200 daily EMA is showing a golden cross on the 1D time frame and the RSI indicator is hovering above the overbought range. This suggests that altcoins may continue to gain momentum this week.
If XRP price remains above $1.5, this could lead to the altcoin heading towards an upper price target of $2. Conversely, a bearish trend reversal could pull Ripple price towards lower support at $1 this year.
Also, please read Ripple Price Prediction!
FAQ
As of May 2010, the price of 1 BTC was less than $0.01.
According to top researchers, ETH price is expected to cross $5,000 during this cryptocurrency bull run.
If the bullish sentiment continues, Ripple price will break through the $2 mark this year.
