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 the 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 else 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
English