Forecasts for the 3 major coins Bitcoin, Ethereum and Ripple came from analyst Akash Girimath. Bitcoin price aims to retest the $60,000 psychological level after the crash. It looks like Ethereum is revisiting $4,500 or higher. Ripple price is on its journey to rally to $1.37. Details cryptocoin.com‘in.
Is rally possible for Ripple?
Bitcoin price is up 8% in the past day and is showing signs of entering a 1-day supply zone stretching from $58,100 to $61,545. According to the analyst, investors can wait for the Bitcoin price to retest this hurdle. A daily close above $61,545 will confirm a short-term bullish argument and push BTC towards $63,000. When searching for bitcoin price, failing to pierce the $58,100 to $61,545 supply area will indicate that buyers are not ready. In this case, BTC could continue to decline until it encounters the $53,000 support base. Breaking this barrier will invalidate the bullish thesis.
The recent decline allowed ETH to enter the $3,938 support base and rally the liquidity below it. This bearish move was followed by a tight consolidation that provided the basis for a 10% rise at $4,380. According to the analyst, although ETH has not managed to break through this hurdle, investors can expect ETH to break above this level and run to the next ceiling at $4,525. In a bullish case, this increase could extend to $4,768.
Ripple price has retested the $1 psychological level, which is hard to break. According to the analyst, a one-day close from here will confirm the bullish momentum and push the XRP price to $1.10. Clearing this level would take it towards the next most important level at $1.37, which coincides with the midpoint of the trading range. Market participants can expect the token to slow down after $1.37.
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