Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin Sits On The Launchpad To $42,000, As Crypto Bull Cycle Pauses

ETH/USD 4-hour chart

ETH/USD 4-hour chart

Keeping the price above this zone may be the only way for Ether to sustain the expected uptrend to $3,000. The other two levels that must come down are $1,400 and $1,500, which will validate the uptrend. Ethereum holders, as discussed earlier, are planning on keeping their bags full, which is a very bullish signal.

Are Ripple bulls running out of options?

XRP has been stuck in consolidation for quite a while. There have been instances where the price has stepped above $0.3, but the uptrend was unsustainable.

For now, Ripple is trading at $0.266 after rejection at the 200 SMA. Recovery is a hard nut to crack due to the multiple hurdles, including the 50 SMA at $0.28, the 100 SMA, and $0.3.

Holding above $0.26 will ensure that potential losses to $0.24 are averted. Note that XRP bulls are getting exhausted and discouraged the more prolonged the price stays in consolidation as well as under $0.3.

(Click on image to enlarge)

XRP/USD 4-hour chart

XRP/USD 4-hour chart

The Relative Strength Index brings to light the ongoing sideways price action. A break above the midline would call for more buy orders, perhaps create enough force to boost XRP above $0.3. Recovery to $0.4 seems a farfetched idea based on the current technical picture. Still, trading beyond $0.3 will raise investor confidence in the cross-border token’s ability to rally to new yearly highs.

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Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

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Bitcoin Bandit 2 months ago Member's comment

Nice article, but I don't see 1k for $ETH-X and think with $BITCOMP/$BTC-X options expiring (always negative pressure on price), cme for eth, wider institutional investment, and more hype, I see higher lows being a consistent thing for the intermediate term.