BTC, ETH, XRP Price Prediction — A Rise Has Started. Can We Consider It as the Bounce Back? | ELEVENEWS
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Cryptocurrencies

BTC, ETH, XRP Price Prediction — A Rise Has Started. Can We Consider It as the Bounce Back?

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It looks like bulls have accumulated their positions. Read our price prediction to understand whether bears’ dominance is over or not

If yesterday the top coins were in the red zone, and only Litecoin was rising, today, the situation is vice versa. The rates of the top 10 assets are going up – the biggest gainer is Binance Coin, whose price has increased by more than 6%, while LTC has dropped by almost 3% compared to its value yesterday.

Total market capitalization chart

Cryptocurrency market capitalization by CoinMarketCap

In this regard, bulls have pushed the market capitalization to $261 bln and the trading volume to more than $64 bln.

BTC/USD

The cryptocurrency continues to move within the ascending channel. Moving averages are directed upwards, and the distance between them increases, which indicates the presence of a bullish trend and the strength of it.

BTC/USD 1-day chart

BTC/USD chart by TradingView

Bitcoin has neglected technical indicators, showing bearish tendencies in our recent scenario and struck above $8,000.

It is essential to understand that until the level of support has been broken, it is too early to talk about the completion of the model and the beginning of a decline. The cancellation of the scenario will be a breakdown of $9,195; in this case, we should expect continued growth above $10,000.👉MUST READ

At the moment, there is a potential for the formation of the Head and Shoulders reversal pattern; we can expect a test of $8,450 within this figure.

The price of BTC is trading at $8,127 at the time of writing.

ETH/USD

Our Ethereum price prediction has justified itself even earlier than predicted, as the quotes are already trading above $250. Currently, ETH is rising the most out of the top 3 coins; its rate has gone up by 4% over the last 24 hours.

ETH/USD 1-hour chart

ETH/USD chart by TradingView

Even though the leading altcoin could reach the $250 resistance mark and even surpass it, the asset is looking overbought in the short-term scenario. The RSI indicator is moving downwards, meaning that buyers have already fixed their profits. Moreover, the trading volume has reduced compared to its previous levels. All these factors signal a slight rollback to the nearest level of $255 in a few days.

The price of ETH is trading at $259.05 at the time of writing.

XRP/USD

Ripple is trying to keep up with Bitcoin and Ethereum; however, it is still fighting to fix above the $0.40 level. Besides the technical factors, there are also fundamental reasons that can potentially push the price up. Regarding the recent news background, Ripple opened an office in Brazil and intends to continue expansion to Latin American countries.

XRP/USD 30-min chart

XRP/USD chart by TradingView

On the 30 minute chart, Ripple has broken the resistance level and is located near its local maxima. However, the trading volume has not increased a lot, which may mean a correction to the $0.40 area.👉MUST READ

What is more, the MACD indicator has been stagnating for a few days already, and its lines are about to move downwards. Once the price comes back to its previous resistance, traders can expect XRP at new highs, as the coin accumulates its position for a potential bull run.

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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Next bullish targets after BTC/USD leapfrogs $12,000 as Facebook’s Libra makes waves – Confluence Detector

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  • Cryptocurrencies seem to have ended their consolidation phase and enjoy another surge.
  • The incessant talk about Libra and the renewed interest in cryptos is pushing prices higher.
  • Here are the next levels to watch according to the Confluence Detector.

A week has passed since Facebook announced its cryptocurrency project – but the social media behemoth just cannot stay out of the news – in the crypto-sphere and in the broader public.

The incessant chatter helps bring Bitcoin and to a lesser extent Ethereum and Ripple to the spotlight – and to investors’ minds. Digital coins are seeing higher inflows – and this also draws more attention and additional money flowing in.

Facebook – which has been under scrutiny for years due to privacy concerns – may bring much needed regulation to the world of cryptos and perhaps help bring about a Bitcoin Exchange Traded Fund (ETF) which may draw mainstream investors into the digital coin.

How far can BTC, ETH, and XRP go? In the short term, a lot depends on the technicals. 

This is what the Crypto Confluence Detector shows in its latest update:

Bitcoin Ethereum Ripple June 26 2019 technical confluence analysis

BTC/USD eyes $13,829

Bitcoin has broken above the round number of $12,000 and enjoys some support at $12,170 which is the convergence of the Pivot Point one-week Resistance 3 and the Bollinger Band 15min-Upper. 

Substantial support awaits at $11,538 where we see the confluence of the Fibonacci 38.2% one-day, the BB 1d-Upper, and the BB 1h-Middle.

BTC/USD has its eyes on $12,867 which is where the Pivot Point one-day Resistance 3 awaits the granddaddy of cryptocurrencies. 

The next upside target is $13,829 which is the Pivot Point one-month Resistance 3.

ETH/USD targets  $368

Ethereum has been on the rise as well and has left $300 behind. It is now eyeing $345 where the Pivot Point one-week R3 meets the price. 

Further above, it targets $368 which is where we find the Pivot Point one-month Resistance 3.

ETH/USD has some support at $320 which is a cluster of lines including the BB 1d-Upper, the Simple Moving Average 5-1h, the SMA 10-15m, and the PP 1d-R1.

The next support line is $313 where we find the convergence of the SMA 100-15m, the Fibonacci 38.2% one-day, the SMA 10-4h, the BB 1h-Middle, and the SMA 50-15m.

Vitalik Buterin’s brainchild has a last-resort cushion at $291 where we find a juncture including the previous monthly high, the Fibonacci 23.6% one-week, and the SMA 10-1d. 

XRP/USD eyes $0.5250

Ripple has overcome tough resistance, now turned support at $0.4700 which is a minefield of lines including the SMA 5-4h, the BB 15min-Middle, the Fibonacci 61.8% one-day, the PP 1w-R1, the SMA 5-1h, and the BB 4h-Middle. 

Further support awaits at $0.4500, where the Fibonacci 23.6% one-week and the SMA 10-1d converge.

XRP/USD faces resistance at $0.5125 which is the where the PP 1m-R1 meets the price.

The upside target is $0.5250 where another Pivot Point awaits the price – the one-week Resistance 3.

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Pay Close Attention to Bubbles in Venture Capitalist Altcoins and Watch as they Pop

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In the early days, the idea of venture capital didn’t match well with crypto or maybe it did but potential venture capitalists were largely reluctant.

There were a thousand and one different ways one could easily justify the reluctance but after a few years, the venture capitalists that disregarded the cryptocurrency sector eventually became disregarded by the same sector, forcing them to run back either because they now saw that it was a hit or simply for FOMO.

However, there still were quite a few of these VCs who bought into the sector and are still smiling today.

Predicted Altcoin Pop

However, a recent tweet from ‘Trading Room’, drew a parallel between venture capital funds and a predicted pump in altcoin value. 

According to the tweet:

Around the middle of last year, the value enjoyed by the altcoins backed by venture capitals and even the crypto market, in general, began to change, ending a two-month dump period. Trading Room suggests that this might not be unconnected to the annual half-year closing for these VC supported funds.

How’s the Near Future Looking?

At the moment, most of the major altcoins are performing satisfactorily even if there are brief moments when they trade in the green. However, that could change anytime soon. If last year’s trajectory is to be considered, these enticing altcoin bubbles just might burst sometime within the next week.

Market Visualization
Crypto Heatmap By Coin360

However, the most certain part of the cryptosphere is uncertainty. There’s a chance, however slim, that these pops don’t happen in the space of a few days and the bubbles are enjoyed a bit more.

On one hand, altcoins currently look good and don’t portend any doom at all. On the other, however, history is not to be easily discarded and some analysts and traders like Trading Room are known to have helped give investors a soft landing with forecasts especially when it supports a pattern being formed, however slowly.

Generally, even if the pops may not last, it would be very wise to expect them soon.

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Bitcoin Smashes $12K, Crypto Cap Up $25 Billion: BCH, LTC, EOS, ADA Analysis

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  • The total crypto market cap rallied recently and broke the key $325.0B resistance area.
  • Bitcoin price is up more than 8% and it recently broke the key $12,000 barrier.
  • Litecoin (LTC) price is likely to accelerate above the key $140 resistance area.
  • Bitcoin cash price about to surpass the main $500 resistance to start a fresh increase.
  • EOS price is currently above $7.300 and it could rise towards the $7.400 and $7.500 levels.
  • Cardano (ADA) price is about to gain momentum above the key $0.1000 resistance area.

The crypto market cap surged above $340.0B, bitcoin (BTC) broke $12,000, and Ethereum (ETH) climbed above $330. Altcoins such as ripple, litecoin, BCH, EOS, tron (TRX), and ADA could continue higher.

Bitcoin Cash Price Analysis

There was a slow and steady rise in bitcoin cash price from the $460 support against the US Dollar. The BCH/USD pair climbed above the $470 and $480 resistance levels to move into a positive zone. The price is now trading above $485 and it seems like the bulls are likely to push the price above the $500 barrier in the near term.

Above $500, the price could accelerate towards the $515 and $520 levels. On the downside, the main supports are near $480 and $470.

Litecoin (LTC), EOS and Stellar (XLM) Price Analysis

Litecoin price is trading with a positive bias above the $125 and $130 support levels. LTC price is facing a strong resistance near the $140 level, above which there are chances of sharp gains towards the $150 level. On the downside, a break below the $130 support might start a bearish wave.

EOS price settled above the $7.20 and $7.25 support levels. It seems like the price is facing a tough resistance near the $7.45 and $7.50 levels, above which there are high chances of a run towards the main $8.00 resistance.

Cardano price remains in an uptrend above the $0.0900 and $0.0920 support levels. ADA price recently broke the $0.0950 and $0.0980 resistance levels. It is currently near $0.1000 and it may perhaps continue to rise towards the $0.1050 and $0.1100 levels.

Crypto Market Bitcoin BTC BCH EOS TRX XLM LTC ADA

Looking at the total cryptocurrency market cap hourly chart, there was a sharp rise above the main $325.0B resistance level. The market cap gained more than $25 billion and broke the $340.0B resistance. The current technical formation is very positive, suggesting more upsides towards the $350.0B and $360.0B levels. If there is a downside correction, the previous resistance near the $325.0B level is likely to act as a strong support. Overall, there are chances of further upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.

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