Top Three Price Predictions: Bitcoin, Ethereum, XRP – Potential Market Revival Signs
The crypto market looks pretty mixed today, with the most important digital asset, Bitcoin trading in the green at the moment of writing this article, and the other coins trading in the red.
Here are three top predictions for the most important coins in the market, revealed by the online publication UToday.
UToday notes that the rate of Bitcoin has not changed so much over the last day; it is still located in the bullish short-term period.
The online publication writes that “BTC is stuck within a Triangle pattern with a possible breakout downward. The bearish movements are confirmed by the declining trading volume.”
They continue and say that “The price cannot grow when volume declines. In this regard, it is more likely that the price will decrease to the crucial $8,000 level shortly.”
At the moment of writing the article, BTC is trading in the green and the coin is priced at $8,133.23.
The same online publication mentioned above notes that “ETH is showing efforts to reach MA 100 against the decreasing trading volume. Theoretically, it might achieve this zone as the lines of the MACD indicator are still looking upward.”
They also note that crypto enthusiasts should expect a downward movement to $140 after this because it seems that there are no reversal signals.
Ethereum is now trading in the red and ETH is priced at $144.01.
UToday writes that “XRP is about to finish the formation of a Triangle pattern. Traders are likely to see it as the coin is not showing any signals of further growth.”
It’s been also noted that the trading volume index is going down, and this confirms the bears’ pressure.
The online publication concludes by writing that “Summing up, the point at $0.2084 is the first target for sellers.”
At the moment of writing this article, XRP is trading in the red and the coin is priced at $0.212547.
Some experts in the crypto space claim that XRP has the potential to skyrocket soon.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.