XRP and ETH price prediction: Will the giants fall?

In these days when Bitcoin is trying to hold on to $ 100,000, there is a short-term correction expectation for $ETH and $XRP .

The US Fed's interest rate policy caused the crypto market to decline. Bitcoin fell to $ 98,500 after Fed Chairman Jerome Powell's statements. Although the BTC price regained $ 100,000, it is at risk of falling. Analysts predict that sales will increase in BTC.

AMBCrypto stated that the weak outlook in BTC pushed Ether (ETH) and #XRP (XRP) to decline. In the prepared analysis, potential declines for the two giant altcoins were mentioned.

Ether (ETH), which failed to hold on above $ 4,000, fell to $ 3,670 due to the increasing selling pressure. AMBCrypto stated that ETH is in the consolidation phase and that it can continue to rally if it stays above $4,000.

“ETH can first rise to $3,700 and then to $4,000. A decisive move above the trend line support could restore the uptrend that started in November.”

The analysis reported that if #ETH loses the support of the consolidation zone, it could fall to $3,300 to $3,100.

AMBCrypto explained that XRP's chart is holding on to the support of the fourth quarter trend despite the 10 percent drop. The analysis stated that the key level to be watched for the rest of 2024 is the support point in question.

The analysis stated that if the bulls maintain the $2,309 support, they can target the $2.8 resistance. If XRP holds on to the support, it can rise to the $3.3 peak of the 2021 cycle.

Ripple’s new stablecoin RLUSD has kept XRP strong. Indeed, if XRP cannot hold on to $2,309, it could face pressure from short-term sellers. AMBCrypto noted that the $2 to $1.6 range would be an important support zone in the event of a possible decline.