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Top 3 Price Prediction Bitcoin, Ethereum, Ripple #predictions #bitcoin #ripple #btc #ethereum #xrp
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators hint at correction
Bitcoin (BTC) and Ethereum (ETH) are approaching their crucial support levels on Monday; a firm close below would lead to a correction. Ripple (XRP) price follows BTC and ETH as it nears its ascending trendline; a close below would lead to a pullback ahead.
Bitcoin bulls show signs of exhaustion
Bitcoin price reached a new all-time high of $109,588 last week but failed to maintain its upward momentum. BTC
started declining slightly since Saturday and fell 2.22% until Sunday. At the time of writing on Monday, it
continues to trade down, approaching its key support level of around $100,000.
If BTC closes below the $100,000 level, it could extend the decline to test its next key support around $90,000.
The Relative Strength Index (RSI) indicator on the daily chart reads 51, slightly above its neutral level of 50;
however, it points downwards, indicating a weakness 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.The Relative Strength Index (RSI) indicator on the daily chart reads 51, slightly
above its neutral level of 50; however, it points downwards, indicating a weakness 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. However, if the $100K support level holds, it would extend the recovery to retest its Monday’s ATH of $109,588.
Ethereum is poised for a downleg if it closes below the 200-day EMA
Ethereum bulls were retested, and support was found around its 200-day Exponential Moving Average (EMA) at $3,136
the previous week. However, it declined by 2.6% on Sunday. It trades down at Monday’s start of this week, nearing its 200-day EMA at $3,136.
If ETH closes below the 200-day EMA at $3,136, it could extend the decline to test its psychological importance level of $3,000.
The RSI indicator on the daily chart reads 42, below its neutral level of 50, pointing downwards, indicating
bearish momentum. The MACD indicator also shows a bearish crossover on Sunday, indicating a downward trend.
However, if the $3,136 EMA level is maintained, ETH could extend the recovery to test its daily resistance level at $3,730.
Ripple price is primed for a correction if it closes below its ascending trendline
Ripple price faced resistance around the $3.40 level last week. On Monday, it trades slightly down around $2.99,
approaching its ascending trendline (drawn by connecting multiple low levels since early January).
If Ripple breaks and closes below $2.72, it could extend the decline to test its next daily support at $1.96.
The RSI indicator reads 57, above its neutral value of 50 and points downwards after rejection from its overbought
level of 70 on January 18, indicating weakness in bullish momentum. Additionally, the MACD flipped a bearish
crossover on Sunday, giving sell signals and suggesting adowntrend. Conversely, if XRP continues its upward
momentum, it could extend the rally to test its $3.40 resistance level.
eth long term price prediction
top trending cryptocurrency today
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