New Short-Term Price Predictions For Bitcoin, Ethereum, And XRP
The crypto market is looking pretty good today, with Bitcoin and the most important coins out there trading in the green.
There are just a few days left until the BTC halving event which is scheduled to take place on May 12, and massive price movements are expected.
What we’ve seen on April 30 is definitely a necessary correction – this triggered a set back after the coins went really far and too fast.
Stock traders are familiar with wild movements at the end of the month, and this is when money managers adjust their portfolios.
Here are the latest crypto predictions revealed by FXStreet.
FXStreet just said that the upside target of BTC is 9,480 – this is the meeting point of the previous day’s high and the Bollinger Band 4h-Upper.
At the moment of writing this article, BTC is trading in the green and the most important coin in the crypto market is trading at $9,052.50.
The recent BTC rally from a few days ago was just compared to the massive rally from back in 2017.
AngeloBTC, self-proclaimed BTC whisperer who earned a reputation as a top trader on BitMEX made this comparison.
The same online publication mentioned above wrote that upside target for ETH is $227 – this is where the Pivot Point one-week Resistance 3 and the previous daily high hit the price.
At the moment of writing this article, ETH is trading in the green and the coin is currently priced at $215.72.
FXStreet said that the $0.2296 serves as the first target for Ripple’s XRP – this is the convergence of the 200-day SMA and the PP one-day R1.
“The high target for XRP is $0.2432, which is where the Pivot Point monthly Resistance 1 meets the price,” the online publication continued.
At the moment of writing this article, XRP is also trading in the green and the digital asset is now priced at $0.223127.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.