TOP 3 Price Predictions: BTC, ETH, XRP — 15% Drop by Bitcoin in 1 Hour Turned the Whole Market Into Red

Libra Coin News
Wed, 09/25/2019 - 08:14
Denys Serhiichuk
All the top coins are in the red zone. Is that the right time to start buying?
Cover image via 123rf.com
Contents

The launch of Bakkt futures negatively influenced the cryptocurrency market due to the yesterday dump, throwing back the total capitalization to $222 Mln. All the top 10 coins are located in the red zone, while the biggest loser is Bitcoin SV whose rate has soared by more than 24% over the last day.

Top 10 coins by Coinstats

The main data of the top 3 coins are looking the next way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$153 058 770 028

$8 524,21

$26 937 527 900

-12,64%

Ethereum

ETH

$18 248 972 520

$169,16

$12 777 755 802

-16,11%

XRP

XRP

$10 367 906 417

$0,240666

$2 291 386 978

-11,35%

BTC/USD 

After a long wait, the price of BTC went out of compression, depreciating the main cryptocurrency by 17% within one hour.

BTC/USD chart by TradingView

On the 4H chart, the price of the leading cryptocurrency rolled back to the positions of the mid-June. Currently, bears are dominating in a short-term scenario. Regarding the nearest price prediction, Bitcoin is about to come back to the nearest resistance near $9,350, followed by a further decline. Such a scenario might happen in the first days of October.

Related
Bitcoin Price Prediction for September 2019: Can Bakkt be a Rescue for  BTC?

Bitcoin is trading at $8,494 at press time.

ETH/USD 

Our earlier Etherum price prediction did not come true, as the rate went below the crucial support at $200. It is the biggest loser out of the top 3 as its rate has reduced by 16%.

ETH/USD chart by TradingView

According to the chat, the current drop is not a catastrophe, as ETH just came back to the rates of the beginning of September. The chief altcoin is also located in the oversold area with a possible bounceback to $175. In this regard, the price is likely to locate within the yellow corridor between $175 and $180 shortly.

Ethereum is trading at $168.84 at press time.

XRP/USD

XRP might be called the ’top gainer’ compared to Bitcoin and Ethereum, as its rate has gone down by around 11% over the last 24 hours.

XRP/USD chart by TradingView

XRP is unlikely to show a fast bounceback due to the declining MACD indicator. However, the coin might show a slight rise against RSI which is located on the verge of the oversold area. In this case, the nearest level is the mark of $0.25.

Related
XRP Price Prediction for September 2019: Can $0.30 Be Finally Conquered?

XRP is trading at $0.2391 at press time.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.