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September 22, 2020
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Guide & Analysis

Price forecast: Bitcoin (BTC), Ethereum (ETH) and XRP

Bitcoin’s post-halving is marked by a lot of uncertainty in asset prices

Uncertainty remains in the cryptocurrency market, despite the recent optimistic climate. Neither bears nor bulls are dominating at the moment. Currently, the main winner is Binance Coin (BNB), whose price has risen 2.79% in the past few days. The important data for Bitcoin (BTC), Ethereum (ETH) and XRP are as follows:

Bitcoin – BTC / USD

Bitcoin (BTC) lost 0.3% the day before. However, the potential for re-testing $ 10,000 remains. There are bullish and bearish paths in the market at the same time.

bitcoin price

BTC / USD chart by TradingView

On the hourly chart, the main currency remained within the wedge pattern, which is a bullish signal. The high level of liquidity in the current zone is another reason for possible continued growth.

In that case, there is a high probability of seeing the price of Bitcoin (BTC) trading above $ 10,000 in the next few days.

Bitcoin is currently trading at $ 9,646.

Ethereum – ETH / USD

Ethereum (ETH) is being traded in much the same way as Bitcoin (BTC). The decline in the last 24 hours was 0.17%.

eth price

ETH / USD chart by TradingView

On the hourly chart, Ethereum (ETH) shows downward trends that are described by the decrease in turnover and a falling MACD indicator. In addition, there is no concentrated liquidity at the moment, suggesting a brief decline to $ 209 soon. If the price falls below $ 200, the bearish scenario will become relevant again.

Ethereum is currently trading at $ 211.63.

Ripple – XRP / USD

XRP is the only currency among the 3 main ones located in the green zone. The price of the third most popular currency has risen 0.14% since yesterday.

xrp price

XRP / USD chart by TradingView

Although the price of XRP has risen slightly, its short-term outlook is bearish. The RSI indicator continues to fall. In addition, we can see a huge amount of sales trading volume, which is a bearish signal. In short, traders can expect XRP to trade around the $ 0.20 area soon.

XRP is currently trading at $ 0.2029 at the moment.

Source: U.Today

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