Crypto Market Analysis: Top Predictions for Bitcoin, Ethereum, and XRP for the Coming Week!
The post Crypto Market Analysis: Top Predictions for Bitcoin, Ethereum, and XRP for the Coming Week! appeared first on Coinpedia Fintech News
Bitcoin (BTC) Price Analysis
- The Bitcoin price is trading within a rising parallel channel and the recent plunge may compel the price to reach the lower support
- The RSI is heading towards the oversold regions and may land up in this zone, dragging the price below $25,000
- Here a fine rebound may trigger that may revamp of a fine bullish trend lifting the price back above $30,000 in the next couple of months
Ethereum (ETH) Price Analysis
- The Ethereum price has been maintaining an elevated range since the beginning of the year but the bearish volume has accumulated currently
- The selling pressure has surged as the MACD continues to remain bearish at the moment as it may undergo a bearish crossover
- Besides, the price is approaching the lower support of the Bollinger Bands and preparing to rebound which may rise toward the middle band
Ripple (XRP) Price Analysis
- The Ripple price trend also has been rising as the bulls offered a significant push ever since the beginning of the year
- The price is currently testing one of the major support levels, which has acted as a strong resistance level in the past
- However, the price appears to be accumulating gains above these levels which may trigger a significant upswing toward the middle bands of the channel