Price Predictions For BTC, ETH, And XRP

As you know, the crypto assets are struggling to recover after the recent falls of Bitcoin.

The price drop of the most important coin in the market dragged the prices for the other coins down as well.

But today, the crypto market looks good with all important coins trading in the green.

There’s a strong push that the crypto market has been getting

On the other hand, the online publication FXStreet notes that the strong push that the crypto ecosystem has been getting in recent weeks might be going unnoticed.

They write that following the announcement made by Facebook about their project Libra, more and more governments realized that it’s time to hop in the blockchain wagon.

The project has also been criticized a lot, and not too long ago, Ripple’s Brad Garlinghouse said that he blames Facebook and the details about Libra that they have made public for the high scrutiny received from regulators. He went as far as to say that Facebook’s Libra endangers the whole crypto space.

Here are some interesting predictions that FX Street is making.

ETH/BTC

The online publication writes that the last time the ETH/BTC pair moved through similar levels as the ones these days was in April 2017, just before the pair began its biggest ever rise.

They write that “The MACD on the daily chart shows a completely flat profile and does not provide any further information. This indicator does not usually stay long in this situation, which supports the idea of a breakout move.”

BTC/USD

At the moment of writing this article, BTC is trading in the green, and the coin is priced at $7,432.45.

FXStreet writes that “The MACD on the daily chart shows a precursor profile of an upcoming bullish cross. Statistically, the next significant move should be up.”

Todays Bitcoin Btc Price Prediction Ethereum Eth Forecast Ripple Xrp Analysis And Bch Outlook 696x449

ETH/USD

At the moment of writing this article, ETH is also trading in the green and the coin is priced at $149.15.

The publication writes that “The MACD on the daily chart shows a profile similar to the one we have seen on the BTC/USD pair. The MACD on the daily chart shows a pattern similar to the one we have seen on the BTC/USD pair.”

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XRP/USD

On CMC, XRP is also trading in the green, and Ripple’s coin is priced at $0.222744.

The same online publicaiton mentioned above writes that “The MACD on the daily chart shows a profile suggesting upward movement in the short term.”

Overall, the predictions regarding the prices of the most important digital assets are pretty optimistic, despite the high volatility of the crypto market.

People Mentioned

Brad Garlinghouse

Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.

Coins Mentioned

BTC

Bitcoin

Companies Mentioned

CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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