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Bitcoin, Ethereum, And XRP Price Prediction For Next Week!

The post Bitcoin, Ethereum, And XRP Price Prediction For Next Week! appeared first on Coinpedia Fintech News

The crypto industry successfully concluded this week on a bullish note by recording five out of seven green days. Further, the top token has displayed a significant uptrend during the week, highlighting a positive increase in the market sentiments.

With the BTC, ETH, and XRP price successfully achieving their $50,000, $2,700, and $0.550 mark this week, investors are curious about next week’s performance of top tokens. Dive in as we decode the future perspectives of these tokens.

Bitcoin (BTC) Price Analysis:

The Bitcoin price displayed a neutral trend for a period, following which the market lost momentum. The bulls held the price above the level of $38,848, after which it traded sideways for four days. After multiple attempts, the bulls regained momentum and recorded a jump of 5.18%.

Following this, the price traded between $42,019 and $43,376 for the next twelve days. As the market volatility grew, Bitcoin started trading under a bullish influence and jumped over 13% before facing rejection at $48,663.

Bitcoin (BTC) Price Analysis
TradingView: BTC/USDT

The BTC price displayed significant volatility for the next few days, during which it added approximately 10%. Since then, the price has been trading in a narrow space between $51,517 and $52,468.

The MACD displays a constant red histogram, indicating a weak price action for the coin in the market. Further, the averages show a constant decline, suggesting a rise in the bearish influence.

If the bulls hold the price above its support level, it will attempt to test its upper limit of $53,510 during the upcoming week. Conversely, if the bears overpowered the bulls, the BTC price would lose momentum and fall to test its support level of $50,337 in the coming time.

Ethereum (ETH) Price Analysis:

The ETH price followed in the footsteps of the market leader and traded sideways for a brief period, following which the market lost momentum and recorded a loss of 11.72%. After trading sideways for a while, the bulls regained momentum and jumped 3.5%.

Following this, the price displayed a neutral trend and traded sideways for the next eleven days. As the market regained momentum, the Ethereum price started trading under a bullish influence and jumped 9% before facing rejection at $2,539.

Ethereum (ETH) Price Analysis
TradingView: ETH/USDT

After multiple attempts, the bulls gained power and recorded a jump of 10% over the next three days. Since then, the price has been trading sideways, and displaying a weak price action.

The technical indicator, MACD, displays a rising red histogram, indicating an increase in the bearish influence in the market. Moreover, the averages show a constant decline, highlighting a negative price sentiment for this altcoin.

If the market holds the price above the support level of $2,775, it will prepare to test its resistance level of $2,850 in the coming week. Negatively, if a trend reversal occurs, the ETH price will lose momentum and prepare to test its lower limit of $2,700.

Ripple (XRP) Price Analysis:

After displaying a neutral trend for a while, The XRP price lost 9.5% in valuation. Following this, the price traded in a consolidated range between $0.5026 and $0.5250 for a period. As the market volatility grew, the price jumped 5.68%, after which it traded sideways for the next few days.

The bears overpowered the bulls, resulting in the price losing 8.65%, but the bulls quickly regained momentum and recorded a bounce back in the chart. The XRP price traded in a consolidated range between $0.5141 and $0.5385 for a period.

Ripple (XRP) Price Analysis
TradingView: XRP/USDT

After this, the bulls regained momentum and recorded a jump of 7.309% before facing rejection under $0.5836. Since then, the price has been trading under a bearish influence.

The MACD displays a bearish convergence in the chart, highlighting a bear power in the market. On the other hand, the Cross EMA 50/200-day shows a Golden Cross, suggesting a mixed sentiment in the crypto space.

If the bulls regain momentum, the XRP price will attempt to test its upper limit of $0.5836 in the upcoming week. Conversely, if the bears gain control over the market, the Ripple price will prepare to test its lower limit of $0.50.

Conclusion:

Overall, the cryptocurrency industry continues to trade under a strong bullish influence with major tokens displaying a significant uptrend in their respective portfolios. Further, the market is expected to continue gaining momentum in the upcoming time before possibly experiencing a correction in value.

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