How will the prices of XRP and ETH go? Will the big guys fall?
Bitcoin wants to hold the $100,000 mark during this period, but ETH and XRP seem to have a short-term correction.
Once the Fed adjusts the interest rate, the crypto market will suffer. As soon as Chairman Powell speaks, Bitcoin immediately falls to $98,500. Although it later rose back to $100,000, the risk is still there. Analysts say that BTC may be sold off. AMBCrypto also said that the BTC downturn will also affect Ethereum (ETH) and
Ethereum (ETH) was originally stable above $4,000, but as a result of the selling pressure, it fell to $3,670. AMBCrypto said that ETH is now adjusting. If it can hold $4,000, it can continue to rise. They predict that ETH may rise to $3,700 first and then rush to $4,000. If the trendline support breaks, the rally that started in November could return.
But if ETH can’t hold the support in the correction zone, it could fall to $3,300 to $3,100.
XRP, although it fell 10%, still held the trend support in the fourth quarter. AMBCrypto said that this support point is critical for the rest of the year. If bulls can hold the support level of $2,309, they can rush to the resistance level of $2.8. If XRP holds the support level, it may return to the peak of $3.3 in 2021. Ripple’s new stablecoin RLUSD also helped XRP hold up. However, if XRP can’t hold $2,309, short-term sellers may come to pressure. AMBCrypto also said that if it really falls, the range of $2 to $1.6 is an important support.
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