Convergence

Ethereum

Divergence

The post <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-top-tokens-to-retest-their-crucial-support/" rel="noopener noreferrer nofollow">Bitcoin, Ethereum, And XRP Price Prediction: Top Tokens To Retest Their Crucial Support?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto market has constantly traded under a bearish sentiment for a brief period, indicating an increase in the selling pressure within the crypto space. Moreover, the market leader, BTC price has failed to hold its value above the $65,000 mark.
Following in its footsteps, the altcoin leader, the Ethereum token has recorded a consolidated price action over the past week. Further, Ripple’s XRP coin price has also failed to hold its value above its important support trendline of $0.50.
With the rising bearish sentiment among the top cryptocurrencies, will market leaders make a comeback during the upcoming week or plunge toward their respective crucial support levels?
<h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC):</h2>
The <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> continues to display a weak price action by recording a correction of approximately 1% within the past day with a change of -61.28% in its trading volume. Moreover, it has dropped 2.48% within the past seven days and 7.22% over the past 30 days.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXekGLKLw_rsCPy9RCsWLXZGxG8UajrDYD5-AXge8Q90miyAwdQvA1Sw6480YTPOqKltDQhIEw9izqhL2YviwKIqHwD3xx_NxKuoHKJeUlxMBy_m_clMF2Y9-8qaEcer4_4WnkCF1P1ytFwOOqQQTon_GU3p?key=6nnFcdWE7_kZivIhHp6Gcg" alt="Bitcoin Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BTC/USDT
 </figcaption>
</figure>
The EMA 50-day constantly acts as a resistance to the <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> chart in the 1D time frame, suggesting a weak price action for the star crypto in the market.
The technical indicator, MACD, has recorded a constant decline in the red histogram. However, its averages continue to display a downtrend, suggesting a mixed price sentiment.
If the market regains momentum, the BTC coin price will retest its resistance level of $67,775 in the coming time. Conversely, if the bears continue to dominate the market, the price of Bitcoin will plunge toward its important support level of $60,819.50.
<h2 class="wp-block-heading" id="h-ethereum-eth">Ethereum (ETH):</h2>
After displaying a sideways for over a week, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">ETH price</a> has formed a symmetric triangle pattern in the 1D time frame. Moreover, with a drop of 1% in valuation within the past 24 hours, the altcoin is on the verge of testing its support trendline with an unpredictable outcome.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfpmtxdBQpBg1myjm01RnD9Se738XXNXOwDKyZdZzWuFFzFipNFsN14joSNZxlbTyDoEDYZBJIVAdTTE9quPhR0FDi4QyCRCbYU76AJxK3yfr3VHAwfVceiyN8CVIq2EEWjoLPyVArpabLddDlbyB8l7tU?key=6nnFcdWE7_kZivIhHp6Gcg" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ETH/USDT
 </figcaption>
</figure>
The Simple Moving Average (SMA) has displayed a bearish trend in the <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum price</a> chart, highlighting a weak bullish sentiment in the crypto space.
Moreover, the RSI indicator continues to display a constant decline with its average dropping below the mid-point. This indicates a rising disinterest of investors in this altcoin.
If the bulls regain control over the bears, the Ethereum crypto will head toward its resistance level of $3,730 soon. However, if the bears dominate the market, the ETH price will break down its support trendline and plunge toward its low of $3,000.
<h2 class="wp-block-heading" id="h-ripple-xrp">Ripple (XRP):</h2>
Since mid-April, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP coin price</a> has displayed a weak price action by trading in a closed range between $0.480 and $0.5340. Moreover, the altcoin has displayed a change of less than 1% within the past seven days, with a 24-hour trading volume of $425.82 Million, a drop of -60.63%.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdsJ6NTcyJ9TzcYYjikdfK06UXnsmM6QRqlVWzVY_E73RRx5LZH1xJqzEB34lviYPXQL2HCWNCkC5ZoDl_YPLq3mcDpLM-gCTq4t2nSFgD3X1_cBLQGCNDkXaDRT7YvbFOnBCmcHTQjY-xbJUjmszasFmSx?key=6nnFcdWE7_kZivIhHp6Gcg" alt="Ripple Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: XRP/USDT
 </figcaption>
</figure>
The Moving Average Convergence Divergence (MACD) has displayed a constant flatline in its price chart, indicating weak buying and selling pressure for the XRP token in the cryptocurrency market. Moreover, the averages show a neutral trend, suggesting uncertainty in future price action.
If the market holds the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple price</a> above its crucial support level of $0.480, the bulls will regain momentum and prepare to test its important resistance level of $0.5340. On the flip side, if the bulls fail to regain momentum, the XRP crypto will bleed toward its low of $0.420 during the upcoming weeks.

Bitcoin, Ethereum, And XRP Price Prediction: Top Tokens To Retest Their Crucial Support?

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