TOP 3 Price Predictions: BTC, ETH, XRP — Market Showed No Reaction As Bakkt Futures Platform Launches

Libra Coin News
Mon, 09/23/2019 - 10:24
Denys Serhiichuk
A slight decline of the top coins against the launch of Bakkt futures. What should we expect in the short-term?
Cover image via www.123rf.com
Contents

The launch of Bakkt futures platform has not affected so far the cryptocurrency market. Almost all coins from the top 10 list are located in the red zone, except for Litecoin, whose rate has increased by 1.61% over the last 24 hours. Against this slight decline, the dominance rate of Bitcoin has increased and now makes up 68.1%.

Top 10 coins by Coinstats

The key indicators of Bitcoin, Ethereum, and XRP are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$178 581 112 042

$9 947,46

$12 553 945 673

-0,91%

Ethereum

ETH

$22 603 138 871

$209,57

$7 066 148 898

-1,09%

Ripple

XRP

$11 741 752 635

$0,272715

$1 092 716 052

-1,97%

BTC/USD

Yesterday, buyers tried to seize the initiative and stop the decline in the area of $9,850.  They managed to keep the price in consolidation under the resistance of $10,100.

BTC/USD chart by TradingView

This morning, buyers have not been able to gain a foothold above $10,000. However, consolidation offloaded the overbought zone, and the Stoch RSI indicator lines rolled back into the neutral zone. This opens up new possibilities for restoring the price of BTC. If buyers take this opportunity today and break the resistance of the four-hour EMA55, then the price may rise to the area of $10,430. If sellers can increase sales volume, which has gone down on Sunday, then they will continue to decline to the target mark of the bears $9,450.

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

Bitcoin is trading at $9,939 at press time.

ETH/USD

Ethereum is moving according to our earlier price forecast as the price declined from $217 to $210. Yesterday the rate of ETH tried to gain a foothold at the level of $210, but before the end of the day, sellers managed to roll back prices a little deeper, to the area of $206.

ETH/USD chart by TradingView

The indicator lines are now forming a confirmed signal to restore the pair, so it is highly likely that the four-hour EMA55 will keep the pair from falling and the price of ETH will recover to the level of $216.

Ethereum is trading at $210.06 at press time.

XRP/USD

Yesterday, the pair could not keep in consolidation at the level of $0.28, and the XRP price decline continued. In the afternoon, sellers set a minimum of around $0.27.

XRP/USD chart by TradingView

Today, there are no signals for an intensive decline. XRP will first try to recover to the level of average prices and if it fails to break through the four-hour moving average EMA55, then the slow rollback will continue.

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

XRP is trading at $0.2752 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.