đš Crypto Market Update: Bitcoin, Ethereum, Ripple (XRP) Price Predictions đš
đ Bitcoin ($BTC): After a significant surge compared to last week, $BTC is eyeing the $65,000 mark. To reach a new all-time high, $63,100 must hold as support. Breaking through this could set the stage for a test of $65,000. However, investor confidence remains shaky due to recent unsuccessful attempts at an upward breakout. As we approach the weekly close, thereâs optimism for strong ETF inflows, especially following Powell's remarks. Buyer demand has noticeably picked up on #Binance.
đ Ethereum ($ETH): $ETH has finally surpassed the challenging $2,681 level, and the momentum continues with a 5% increase today. As $ETH reaches $2,731, the next targets are $2,930 and $3,000. The recent ETF demand for Ethereum might gain strength, much like what we saw with Bitcoin. If Bitcoin continues its upward trend, we might see $ETH cross the $3,000 threshold, propelling the rally further.
đ Ripple ($XRP): $XRP faced some setbacks, dropping below $0.6, which limited its gains despite the broader market rise. The $125 million fine imposed on Ripple marks the end of a long legal battle, but uncertainty remains. For $XRP to regain momentum, overcoming the $0.63 resistance is crucial. Failure to close above this level could mean a prolonged consolidation period. The road to $3 will require a significant boost in demand, especially given the increased supply since the last bull peak.
Stay tuned as the market unfolds, and keep an eye on these critical levels! #Crypto #Trading #Bitcoin #Ethereum #Ripple
