Crypto Price Predictions: Bitcoin, Ethereum, and Ripple
- Bitcoins’ latest downswing pushed it toward the $36,398 – $38,895 demand region, with a rebound possibility.
- Ethereum also recovers from vital support, targeting $3,200.
- Ripple’s 4hr chart shows an ongoing recovery for the remittance token.
Bitcoin suffered declines following February’s 3rd-week crash. Meanwhile, BTC’s downswing saw alternative coins on plummets. That had Ethereum and Ripple experiencing a low. Nevertheless, Bitcoin appears prepared for a swift surge to recover accrued losses. That had alt eyeing upswings.
Bitcoin Price Ready for Reversal
Bitcoin has its price actions hovering the demand zone of $36,398 – $38,895, indicating an upcoming recovery. Presuming bulls gain moment, Bitcoin will climb to retest $42,748 resistance, suggesting a 12% upsurge.
Some scenarios will see Bitcoin extending beyond this mark, tagging the weekly supply region’s lower limit around $45,550. Despite the optimism, Bitcoin producing a daily candle close under $36,369 will form a lower low, invalidating the bullish narrative.
ETH Upside Still Capped
Ethereum price ricochets off the demand territory extending between $2,160 and $2,567, suggesting a potential surge for the alt. Ether will encounter the first obstacle at the 50-day SMA near $2,925. Overcoming this area will clear the road towards the daily supply zone in the $3,188 – $3,393 range.
Overcoming this massive challenge might see ETH exploring the $3,600 level, where the 200- and 100-day Simple Moving Average’s cross. Moreover, this area will cap ETH’s price actions.
Meanwhile, Ethereum forming a daily candlestick close under $2,160 will end the optimistic thesis. That way, Ethereum can correct lower, tagging the support floor $1,730.
Ripple To Return to Pavilion
Ripple price lost 16% from 21 February to 22 February, hitting the demand zone at $0.650 – $0.677. Now, buyers appear to move after XRP gained 8% after losing the mentioned support. The resulting bounce will likely continue pushing Ripple high toward the resistance barrier at $0.778. That would mean a 10% upsurge from the token’s current price. Moreover, increased buying pressure might push the remittance token towards $0.813.
Though things seem lucrative for XRP, breaching the support at $0.650 will form a lower low, canceling the bullish narrative. Such a move will clear the asset’s road to the footing at $0.546, where buyers might try another comeback.
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