๐ Bitcoin, Ethereum, and XRP Price Prediction: Will Bulls Make a Comeback This Week? ๐
The crypto market has shown strong bearish trends recently, with Bitcoin, Ethereum, and XRP all seeing significant corrections. Top altcoins have dipped below key support levels, raising concerns among investors.
Bitcoin (BTC) has been trading between $67,775 and $73,750, reflecting weak price action. Despite this, BTC is up 10.34% in the past 30 days and has a year-to-date return of 64.20%. However, technical indicators like the Simple Moving Average (SMA) and MACD suggest potential bearish pressure. If BTC can hold above $67,775, bulls might regain momentum, aiming for a new all-time high. If not, BTC could fall to around $60,000.
Ethereum (ETH) recently dipped below its support level of $3,730, dropping 3.5% in the past day and 2.26% over the past week. The Relative Strength Index (RSI) shows a bearish trend. If ETH can climb above $3,370, it might reach $4,100. Otherwise, it could test lows of $3,400.
Ripple (XRP) is also under bearish influence, down 4.28% in the past day and 3.71% over the past week, with a year-to-date return of -20.64%. The RSI indicates increased selling pressure. Bulls need to push XRP above $0.5340 to change the trend, or it might drop to $0.480.
Despite current volatility, there's hope for a bullish reversal in the coming weeks. Bitcoin could lead the charge to a new all-time high, potentially lifting Ethereum and XRP along with it. ๐๐
