Top 3 Predictions For 2020: XRP, Bitcoin, Ethereum – Bulls Get Control
The crypto market looks great today, and all the coins are trading in the green at the moment of writing this article.
Bitcoin is seen as consolidating the latest uptick in order to get close to 7,500.
Ethereum and Ripple seem to follow BTC’s footsteps, and the coins are following an upward trend.
Here are current predictions coming from FXStreet regarding the first three digital assets in the crypto market.
It’s been reported that BTC will be accelerating its bullish momentum after the resistance of $7,000 is broken.
The online publication writes: “The coin will accelerate its bullish momentum once the above resistance is clear, as all eyes remain on the 8k threshold amid a lack of relevant resistances on the north run.”
They continue and say that “the path of least resistance remains to the upside, as a number of strong support levels are stacked up should the bears fight back control.”
At the moment of writing this piece, BTC is trading in the green and the coin is priced at $7,556.53.
The same online publication mentioned above notes that if ETH’s price finds renewed buying interest, the bulls will more than likely retest higher levels above the 137 level, with the next significant resistance seen at 140.
At the moment, ETH is trading in the green, and the coin is priced at $139.55.
The online magazine notes that the bulls are probably going to face some challenges.
At the moment, XRP is trading in the green, and the coin is priced at $0.197101.
“Lately, the coin managed to surpass a lot of resistances, a test of the 0.2000 handles is inevitable amid a favorable technical set up,” the online publication mentioned above noted.
Ripple‘s Brad Garlinghouse said more than once that price is not that important when it comes to crypto – there are more crucial elements such as mass adoption, technology, and use cases.
Anyway, bullish predictions continue these days.
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.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.