Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP poised for corrections

출처 Fxstreet
  • Bitcoin price hovers around the $103,300 level on Friday after rising almost 2% this week.
  • Ethereum price finds support around its 200-day EMA at $3,133; a firm close below would lead to a correction.
  • Ripple price edges slightly down on Friday after rallying 4% this week.

Bitcoin (BTC)  hovers around the $103,300 level on Friday after rising almost 2% this week. Ethereum (ETH) finds support around its key level; a firm close below this would lead to a correction, while Ripple (XRP) price edges slightly down on Friday after rallying 4% this week.

Bitcoin price is primed for a correction if it closes below $100K support 

Bitcoin price reached a new all-time high (ATH) of $109,588 at the start of this week on Monday but quickly slipped 6.68% and closed at $102,260. However, the next day, it found support around its key $100,000 level and rose 3.8%. On Wednesday, it could not sustain its rise and fell 2.3%, closing below $104,000. At the time of writing on Friday, it continues to edge down around $103,255.

If BTC continues to edge down and closes below $100,000, it could extend the decline to retest its next support level at $90,000.

The Relative Strength Index (RSI) indicator on the daily chart reads 57, above its neutral level of 50; however, it points downwards, indicating a slowdown in bullish momentum. The Moving Average Convergence Divergence (MACD) indicator is also converging. If the MACD flips to a bearish crossover on a daily basis, it would give sell signals and suggest a downtrend.

BTC/USDT daily chart

BTC/USDT daily chart

However, if the $100K support level holds and BTC breaks above its all-time-high, it could extend the rally above the $125K mark, calculated by the 141.40% Fibonacci extension level (drawn from the November 4 low of $66,835 to Monday’s ATH of $109,588) at $127,287.

Ethereum price is positioned for a pullback if it closes below 200-day EMA

Ethereum bulls were retested, and support was found around its 200-day Exponential Moving Average (EMA) at $3,133 on Sunday, and it recovered 3.83% in the next four days. At the time of writing on Friday, it hovers around $3,310.

If ETH closes below the 200-day EMA at $3,133, it could extend the decline to test its psychological importance level of $3,000.

The RSI indicator on the daily chart reads 47, below its neutral level of 50, pointing downwards, indicating weakness in bullish momentum. The MACD indicator also converged, indicating indecisiveness among the traders.

ETH/USDT daily chart

ETH/USDT daily chart

On the other hand, if the $3,130 EMA level is maintained, ETH could extend the recovery to test its daily resistance level at $3,730.

Ripple bulls show signs of exhaustion 

Ripple price retested its upper symmetrical triangle boundary at the start of the previous week and rallied 30.48% until Friday. However, it faced rejection around the $3.30 level on Saturday and declined 10.14% until Sunday. XRP recovered by 7.49% until the next three days. At the time of writing on Friday, it hovers around $3.12.

If XRP continues its upward momentum, it could extend the rally to test its technical target obtained by this pattern, which would be $3.63. 

The RSI indicator reads 63, above its neutral value of 50 and points downwards after rejection from its overbought level of 70 on Saturday, indicating weakness in bullish momentum. Additionally, the MACD is about to flip a bearish crossover. If the MACD flips to a bearish crossover on a daily basis, it would give sell signals and suggest a downtrend.

XRP/USDT daily chart

XRP/USDT daily chart

Conversely, if XRP closes below the $1.96 daily support level, it would extend the decline to retest its next support level at $1.40.

Bitcoin, altcoins, stablecoins FAQs

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
리플 가격 연간 전망: XRP, 2025년에 새로운 고점에 도달할 수 있을까?리플(XRP)은 2024년 처음 10개월 동안 2021년 5월에 겪은 급격한 하락 이후 지속된 통합 패턴을 연장했습니다.
저자  FXStreet
2024 년 12 월 23 일
리플(XRP)은 2024년 처음 10개월 동안 2021년 5월에 겪은 급격한 하락 이후 지속된 통합 패턴을 연장했습니다.
placeholder
온도 가격 예측: 1월 18일 20% ONDO 잠금 해제온도(ONDO) 가격은 월요일에 $1.16 근처에서 거래되며 계속해서 하락세를 보이고 있습니다. 이는 지난주에 21% 이상 하락한 후입니다.
저자  FXStreet
1 월 13 일 월요일
온도(ONDO) 가격은 월요일에 $1.16 근처에서 거래되며 계속해서 하락세를 보이고 있습니다. 이는 지난주에 21% 이상 하락한 후입니다.
placeholder
【오늘의 시장 전망】캐나다 금리 인하? 일본 금리 인상? 외환 시장에 큰 파장이 일어날 것!1월 29일, 호주 통계청은 12월 소비자 물가 지수(CPI)를 발표했습니다.
저자  Mitrade팀
1 월 22 일 수요일
1월 29일, 호주 통계청은 12월 소비자 물가 지수(CPI)를 발표했습니다.
placeholder
리플(XRP) ETF: CME의 선물 출시 소문에 따른 SEC 승인 가능성은?시카고 상업거래소(CME), 리플(XRP) 및 솔라나(SOL) 선물 계약 출시 예정? 거래 방식 공개된 게시글 삭제 후 추측.
저자  FXStreet
어제 02: 06
시카고 상업거래소(CME), 리플(XRP) 및 솔라나(SOL) 선물 계약 출시 예정? 거래 방식 공개된 게시글 삭제 후 추측.
placeholder
XRP, 트럼프 대통령의 행정명령에도 불구하고 20% 하락 위험, 상승세 꺾여리플의 XRP, 금요일 초반 거래에서 3% 하락, 온체인 및 기술적 지표로 볼 때 상승세 약화.
저자  FXStreet
5 시간 전
리플의 XRP, 금요일 초반 거래에서 3% 하락, 온체인 및 기술적 지표로 볼 때 상승세 약화.
goTop
quote