TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Has Soared to $8,000, Altcoins Are Updating Their Minimum

Libra Coin News
Fri, 09/27/2019 - 10:30
Denys Serhiichuk
Bears keep pushing the market down. How long are they going to dominate?
Cover image via www.123rf.com
Contents

The market keeps moving in the framework of the negative scenario and correction is the best that can happen at the moment before the next wave of decline. If during the last drop the rate of Bitcoin lost the least compared to other top coins, today, the situation is vice versa. BTC along with Bitcoin Cash are the biggest losers, as their quotes have gone down by 4.57% and 4.79% respectively.

Top 10 coins by Coinstats

Take a look at the key data of Bitcoin, Etheruem, and XRP.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$144 542 629 584

$8 048,03

$19 353 674 376

-4,57%

Ethereum

ETH

$17 868 194 124

$165,58

$8 107 773 149

-2,40%

XRP

XRP

$10 379 364 660

$0,240932

$1 468 724 110

-1,77%

BTC/USD

The leading cryptocurrency left the Triangle model, however, the breakdown occurred down instead of the expected rebound and the beginning of growth. At the moment, one should expect an attempt to further refine the model down.

BTC/USD chart by TradingView

The first target of the fall may be the lower border of the rising channel at the level of $7,030, after the breakdown of which the next support will be the area below $5,720. A rebound from the resistance line on RSI supports the long-range downward movement. The indicator values broke through a region of 30, which means the presence of a strong bearish impulse.

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

Bitcoin is trading at $8,044 at press time.

ETH/USD

Ethereum is doing better than Bitcoin, however, there are no signals of a possible reversal for the leading altcoin.

ETH/USD chart by TradingView

On the 4H chart, quotes are testing the support area and the broken border of the Wedge model. Ethereum is likely to show a rebound from the current levels due to the RSI indicator, locating at its bottom area. Confirmation of a further rise will be a breakdown of the resistance level and consolidation above $185.25.

Related
Ethereum (ETH) Price Prediction — Can ETH Get Back to $200 Until September 2019?

Ethereum is trading at $166.68 at press time.

XRP/USD

XRP might be the leader today, as its rate has reduced by only 1.77% which is much less compared to other top 10 coins. Currently, the third most popular crypto is following our recent forecast, moving slowly to $0.25.

XRP/USD chart by TradingView

According to the chart, XRP is showing short-term growth against the rising trading volume. Thus, the blue line of the MACD indicator crossed the red one, confirming the upward movement. If XRP breaks the upper line of the Triangle model, the price is likely to achieve $0.25 in the first days of October.

XRP is trading at $0.2422 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.


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