11.6 C
Manchester
November 5, 2024
BTC Hunts
Image default
Bitcoin

Bitcoin, Ethereum, and XRP Price Prediction For April: Massive Gains on the Horizon?

The post Bitcoin, Ethereum, and XRP Price Prediction For April: Massive Gains on the Horizon? appeared first on Coinpedia Fintech News

With the Bitcoin halving coming in April, the recent bounceback in the crypto market reflects a revival of institutional investments. As sentiments improve, investors’ risk-taking appetite increases, leading to massive jumps in meme coins. 

Along with the meme coins, AI and many other altcoins are rising. Thus, the market-wide recovery allows sideline traders to go long. 

With the low-cap altcoins gaining momentum, let’s have a look at the top guns of the crypto industry. With Bitcoin, Ethereum and XRP prices taking a strong stand, will the HODLers reap benefits this April?

Will Bitcoin Hit $100,000 This April?

In the weekly chart, the BTC shows a bullish turnaround with the successful retest of a rounding bottom breakout. With a bullish end to last week of March, the BTC price forms an engulfing candle with 4.15% jump. 

Tradingview

With the buyers returning after a drop to $62,000 this month, the reviving trend momentum signals a potential bull run. Further, the recovery rally is now preparing to sustain above the $70,000 mark. 

Currently, the BTC price trades at $69,975 with a sideways movement for the last four days. Further, as per the Fibonacci levels, the retest of the $65,000 mark with a morning star pattern promises a massive jump. Along with this, the BTC price challenges the upper Bollinger band, teasing a new rally.

On the fundamental front, the coming Bitcoin Halving is increasing the anticipations for a bull run. As per the 1.618 Fib level, the upcoming rally might eye $95,952 as a potential target. Hence, optimistically, the price of a single Bitcoin could hit $100,000 by the end of this month. 

Could Ethereum Bulls Land Beyond $5,000 This April?

Being the second biggest cryptocurrency per market cap, the ETH price is rising back in the market-wide recovery. As Ethereum sustains dominance above the $3,400 level, a brawl continues at the psychological mark of $3,500.

With a long-tail weekly candle, the lower price rejection reflects a bullish comeback and strong underlying demand for the altcoin. Refusing a bearish closure below $3,400 and the 61.80% Fibonacci level, the overall bullish reversal rally overcomes the sudden supply wave. 

Tradingview

In the weekly chart, the ETH price is trapped between the 78.60% and 61.80% Fib levels at $3,872 and $3,274. A break on either side of these crucial boundaries will shape the upcoming trend in Ethereum. 

Considering the uptrend in Ethereum surpasses the $4,000 barrier with the high anticipations of an altcoin season, April could end on a bullish note. Optimistically, per the Fibonacci levels, the ETH price could surge to a new all-time high above $4,868 and reach $5,000.

Is April’s The Comeback Month For Ripple?

With the sideline traders anticipating the triangle breakout rally to spike up the XRP prices, the delay is threatening a lost trend. As the meme coins and other altcoins are scaling new heights, the dream of XRP price hitting $1 seems lost to many. 

Tradingview

However, the bullish recovery managed to sustain above the 23.60% Fibonacci level is a huge feat for Ripple. Overcoming the supply pressure at $0.60, the XRP price teases a bounce back shortly.

With the Bitcoin price potentially taking a sprint to $100,000 in April, the XRP price could capitalize on the additional momentum. In such a case, the Ripple token’s market could hit the $1 mark. Thus, the XRP token is positioned as the high-potential token in April. 

What’s Next For Bitcoin, Ethereum, and XRP Price Trend?

With a positive month for the crypto market, despite a short dip in the middle, March sets a bullish stage. In the coming month, the top coins like Bitcoin, Ethereum, and XRP could create a new peak with massive jumps. Hence, the right opportunity to hoard the top coins is right now. 

Related posts

Whales Swap USDT for USDC, Why is USDT Losing its Peg or It’s Just Another FUD?

David Bradley

ATOM Price Analysis: Is It Worth Investing In Cosmos?

David Bradley

Altcoins Plunge by Over 10% as Bitcoin (BTC) Price Revisits $66,000: Here’s What to Expect 

David Bradley