Amidst the Uncertain Market Movements, This is What Can Be Expected from Bitcoin(BTC), Ethereum(ETH) & Ripple(XRP) Price

The post Amidst the Uncertain Market Movements, This is What Can Be Expected from Bitcoin (BTC), Ethereum (ETH) & Ripple (XRP) Price appeared first on Coinpedia – Fintech & Cryptocurreny News Media | Crypto Guide

Bitcoin (BTC)

  • As Coinpedia earlier reported that the Bitcoin price may resume draining towards the lower support yet again as the price is following the dead cat bounce pattern
  • The dump appears to be fueled by the LUNA price rally, and hence once the market conditions get settled, BTC price could rebound hitting the lower support close to $ 28,000
  • However, to ease out the possibility of a descending trend, BTC price may maintain a consolidated but slightly descending trend until the beginning of the next week’s trade
  • Currently, the resistance is around $ 31,000 while support is around $ 27,000 and hence the price may flow in the direction the pivot levels are broken

Ethereum (ETH)

  • Ethereum price had regained the levels above $ 2000, while the BTC price comfortably resided above $ 30,000
  • After reaching the levels below $ 1800, the price quickly regained its position above $ 1900, where it consolidated for a while
  • However, even after the recent jump beyond $ 2100, the price continues to consolidate just above the pivot zones between $ 1973 to $ 1928.
  • Therefore, if the ETH price flips before hitting $ 1973, a significant upswing may be laid down again after hovering within the pivotal zones for a while may scramble down to $ 1800

Ripple (XRP)

  • The XRP price drained heavily and dropped below $ 0.34 amid the recent turbulence within the crypto space
  • However, the price had attained the required levels at $ 0.42 and also maintained a significant uptrend towards $ 0.45 but quickly dropped back to the previous levels
  • However, the XRP price began to drop heavily from $ 0.42 and is currently on the verge to lose the $ 0.4 position too.
  • The XRP price currently hovering in between the resistance and support at $ 0.42 and $ 0.39 respectively and a price movement in either direction may ignite with the respective trends

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