Price Forecasts For Btc Eth And Xrp

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Price Forecasts For Btc Eth And Xrp

Price Forecasts For Btc, Eth, And Xrp

Bitcoin (BTC) is trading near the $93K level and has lost around 6% since this week. The technical outlook of Bitcoin (BTC) shows that it is going through a price correction, as evidenced by the bearish divergence sign from RSI.

The Ripple (XRP) is also following the Bitcoin trend and has just closed below an important support level. So, even the XRP is going through a pullback.

Ethereum (Eth) Trades Near Resistance

However, Ethereum (ETH) is the outlier, as it is now trading close to a critical resistance level. Once ETH closes above its resistance, it will invite a bullish rally.

For now, the ATH for Bitcoin (BTC) is around $99,588, which is just shy of the $100K resistance level. If the bearish pressure in BTC persists, it will fall down to the $90K level. Beyond that, the next stop for the Bitcoin (BTC) will be $85K.

Conversely, if Bitcoin (BTC) finds support and enough buyers at $90K, it will attempt to test the $100K once again.

If we look at Ethereum (ETH), it is seen as above $3300 with a resistance of $3454. A break of the resistance at $3454 resistance will send the ETH towards the next level of $4000.

Conversely, a failure to break above the resistance will send the ETH back towards the $3,000 level.

Ripple is also facing tough resistance and has eventually lost the $1.40 support. This comes as the RXP closed one of its best weeks with a 36% rally.

If XRP closes below the $1.40, the next stop for the Ripple will be around $1.12. Also, the RSI on the XRP chart shows overbought conditions, which means there's a higher risk of correction.

The bullish scenario eyes the XRP crossing the $1.96 provided that enough buying momentum is present.

Over all, all of the 3 coins (ETH, BTC, and XRP) are going through correction with a chance to move either way.

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