Ethereum

Rally

Bitcoin

Billion

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-bull-rally-on-the-horizon/" rel="noopener noreferrer nofollow">Bitcoin, Ethereum, And XRP Price Prediction: Bull Rally On The Horizon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has displayed a consolidated price action over the past weekend, indicating a cool-off in the buying and selling pressure within the market sentiments. Top altcoins continue hovering close to their important support levels, indicating a rising bullpower in the crypto space.</p>
<p>Positively, the BTC price constantly holds its price above the $67K mark with the altcoin leader, Ethereum price, hovering close to its $3.1K level. On the other hand, despite recording a correction of 2.10% within the past day, Ripple’s XRP price continues to trade above the $0.51 mark.</p>
<p>With the increasing volatility in the crypto space, will BTC, ETH, and XRP record a bullish price action this week?</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-on-the-path-to-reclaim-70-000">Bitcoin Price On The Path To Reclaim $70,000?</h2>
<p>The market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a>, has displayed a strong bullish price movement over the past week by adding 10.30% in valuation. Moreover, it has recorded a jump of approximately 1% within the past day with a trading volume of $21.19 Billion, a jump of 33.03% over the past day.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/07-orCV6UT_yogms3xO1nQcztu46HfGKH3TaYawi5L795-ZO-Wl9lIs003Jh28N6RtyqAGbDWEF70Ho8tJ6iSiPPlRUfbM3m0gwwUoWJ5__MYfYdB5nCekamlG8qNleoFyeRTAr6c_qnPQtX8O9mU68" alt="Bitcoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
 </figcaption>
</figure>
<p>Positively, the <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">BTC</a> token has formed a symmetric triangle pattern in the 1D time frame and is hovering close to its resistance trendline, the outcome of which is unpredictable. Furthermore, the Cross EMA 50/200-day shows a bullish curve, suggesting a positive outlook during the days ahead.</p>
<p>With this, if the bulls break their resistance trendline, the price of Bitcoin will prepare to retest its ATH soon. However, a rejection could result in the price to plunge toward its support level of $60K in the coming time.</p>
<h2 class="wp-block-heading" id="h-ethereum-eth-price-hints-at-a-major-breakout-this-week">Ethereum (ETH) Price Hints At A Major Breakout This Week:</h2>
<p>Despite recording a jump of 8.56% within the past week and increased price volatility in the crypto space, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">Ethereum price</a> has continued to trade under a falling channel pattern since mid-March, highlighting a rising disinterest of investors in this altcoin.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/qGSQJGB6s_L7nEwIXrm-fgyV2jWJNQLl8qHXcOVx2c4x_g2x23Ents49XwpmurZTep_0DSupfJDMh9lfkYR1smfMBQon35ydzJyi9EwvWcnB3x0w4PNG5-mXnfBMQ06kf1hmnhkAP3uqCySPqVw90lA" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
 </figcaption>
</figure>
<p>The <a href="https://markets.coinpedia.org/ethereum/" rel="noopener noreferrer nofollow">ETH price</a> has been hovering close to its resistance trendline with the EMA 50-day acting as a resistance to the price chart, indicating a mixed sentiment in the crypto space for the future price action of this crypto token.</p>
<p>At the time of writing, the price of ETH tokens was $3,120.84 with a 24-hour trading volume of $10.319 Billion (+20.91%). With this, if the bulls regain momentum, the altcoin leader will prepare to test its resistance level of $3.4K.</p>
<p>Conversely, a bearish setback will pull the price toward its low of $2.8K during the upcoming week.</p>
<h2 class="wp-block-heading" id="h-xrp-price-records-increased-price-volatility">XRP Price Records Increased Price Volatility!</h2>
<p>The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" rel="noopener noreferrer nofollow">XRP price</a> has formed a symmetric triangle pattern in the 1D time frame and continues to trade within it. Moreover, the Ripple token has added 5.25% within the past week with its price constantly recording a higher low, highlighting a strong bullish sentiment in the crypto space for this altcoin.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/akjptvzwX9x0dxC0f3Jc9ZCuJYZIVkobINpqtbxkiAiAu6KX-mxHtI93I8hOwQNeNRdP0fxzf3wVwaNwly_EINXmbHZhrW_E5Igyxlns2ahpMNRLjXTfyDWmPi0emmNwsphDmqitvDyNhDPNsyR1uPc" alt="XRP Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure>
<p>The technical indicator, MACD, shows a constant rise in the green histogram, whereas its averages display a neutral sentiment, highlighting uncertainty in future price action for this altcoin this week.</p>
<p>However, if the bulls record a breakout of the symmetric triangle pattern, the <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">XRP coin price</a> will test its upper resistance level of $0.56 by the upcoming weekend. Negatively, a weak price action could result in this altcoin breaking down its support trendline.</p>
<h2 class="wp-block-heading" id="h-conclusion">Conclusion:</h2>
<p>The volatility in the crypto market is on a constant rise with major tokens displaying a significant price action within a short period.</p>
<p>Furthermore, evaluating the current sentiments, the top cryptocurrencies of the crypto market are on the verge of a major breakout, indicating a strong bullish price action during the upcoming time.</p>

Bitcoin, Ethereum, And XRP Price Prediction: Bull Rally On The Horizon?

Table of Contents

CoinPedia News

Other articles published on May 20, 2024

Bitcoin Rally Incoming: This Major BTC Metric Just Turned Bullish Once Again

If This Happens, Shiba Inu Price Could Double Soon

Top Altcoins for Maximum Gains in 2024

Warped Universe: A Truly Community-Centric Game. Interview with Scott Brown, President of Warped ...

Decentralizing Ethereum: Buterin’s Strategies for Enhanced Node Operations and MEV Mitigation

Notcoin Price Prediction: NOT Plunges 13% As Experts Say This Casino Token Might Be The Best Cryp...

Join our free newsletter for daily crypto updates!