Ethereum

Bitcoin

Strong

Story

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/crypto-market-prediction-heres-where-btc-eth-xrp-price-heading-this-week/">Crypto Market Prediction: Here’s Where BTC, ETH, &amp; XRP Price Heading This Week</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ending the week before on a bullish note with a 5.48% jump, the trendline breakout anticipation for Bitcoin this week was extremely high. Proving otherwise, the biggest cryptocurrency, Bitcoin struggles to sustain the trend momentum.&nbsp; 
With a bullish start for the week, the 2.57% immediately crossed the 50 and 200-day EMA. The uptrend resurfaces above the $27,000 mark to challenge the overhead trendline. This short-term resistance trendline has been a crucial supply inflow spot for the past few months.&nbsp; 
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Overpowering the recovery rally in Bitcoin price easily, the resistance trendline prevails. The reversal in BTC price from the trendline creates an evening star pattern with a 2.08% fall on Thursday.&nbsp; 
In the larger trend, the downtrend continues with lower high formations, and the death cross becomes a sigil of a bear trend in motion. Meanwhile, the MACD and RSI indicators show a rise in bearish sentiment as the uptrend shifts sideways gradually.&nbsp;&nbsp; 
With such a sharp decline as the week concludes, Bitcoin may struggle to absorb the supply influx. Therefore, the technical viewpoint remains bearish.&nbsp; 
Nevertheless, the upcoming Bitcoin ETF decision in October may unlock a hopium drive during this month’s end. The trendline breakout will be the pivotal entry point for sideline buyers, unleashing the trapped bullish momentum.&nbsp; 
<h2 class="wp-block-heading" id="h-will-ethereum-share-bitcoin-s-story-or-reclaim-2000">Will Ethereum Share Bitcoin’s Story Or Reclaim $2000?</h2> 
The overall 2023 remains bullish for Ethereum price, with a Year-to-date growth of 33%. The recent correction, however, warns of prolonging the downtrend journey for the biggest altcoin.&nbsp;&nbsp; 
Currently moving in a falling channel, the bearish momentum is increasing significantly in the Ethereum price trend. Further, the high volatility puts the ETH price on a razor-sharp edge.&nbsp; 
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 <img decoding="async" src="https://lh6.googleusercontent.com/D0wIZAmZkzuPa0k3q0iV7pALhCTdDrQRZZGsT4VDFPYhK6VDZg8lXPvIc3t8EenUF-DiRO37cAR3bKEUen975E0BjWeKtIRVEHud3-W1EAfRmMQatSN7EKdtbWs7fdf1bCYKpDXf6Q94GNHlfS9B28M" alt=""> 
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With a 1.78% fall this week and the weekends yet to cross, the ETH price may soon start a negative cycle in the falling channel. Supporting the bearish view, the ETH price action takes higher price rejection from the overhead trendline.&nbsp; 
The recent 3.63% fall over days forms two engulfing red candles that may be the spark plug of the coming fall. The 0.59% recovery yesterday brings the ETH price closer to $1600 and brings a breather phase.&nbsp; 
If the ETH price manages to avoid a downfall this weekend, the chances of a recovery may arise with a new week, given that Bitcoin sustains above $26K.&nbsp; 
The next pivotal entry spot for buyers is at the trendline breakout, which will end the downtrend in the falling channel. Moreover, the breakout rally shows potential to reclaim the $2000 mark by next month.&nbsp; 
<h2 class="wp-block-heading" id="h-with-xrp-price-struggling-will-buyers-stay-strong-at-0-50">With XRP Price Struggling, Will Buyers Stay Strong At $0.50?</h2> 
Despite losing out on the 73% gain of its partial victory against the SEC, Ripple remains bullish in 2023. With 53% Year-to-date growth in 2023, the XRP price remains an overall uptrend.&nbsp; 
Failing to achieve the dream of reclaiming the $1 mark, the XRP price falls back to $0.46. The buyers try to propel the prices back above the 200-day EMA to avoid the death cross, but the frequent supply inflow nullifies the attempts.&nbsp; 
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 <img decoding="async" src="https://lh5.googleusercontent.com/u7pICEb6rwjfoJUHv6kuJylMjL88P5FJCAG4ZTsQFmTghmqZQB0lt1bBF4zeQGAHOLPPDE-ukI7yP8STWcdNUml23hQ96Rbk8_VxNdeKMFu1N_8fmUfH-rcyXayz8dVoUIYxb8nboK3JlufDsT28VzM" alt=""> 
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Currently, the XRP price struggles to rise above the 200-day EMA as it falls 2.78% this Thursday. Putting a dent in the 5.98% jump over the week, the XRP price struggles to avoid the death cross.&nbsp; 
Considering the uptrend revives to sustain above $0.50 this weekend, the XRP price is set to rise in the coming week. However, the uptrend may soon hit the $0.54 ceiling before continuing the trend.&nbsp; 
Conversely, a bearish turnaround will cement the death cross possibility and drop the XRP price to $0.40. 
In conclusion, the volatility we have been experiencing in the crypto market this month is expected to continue this coming week.&nbsp;

Crypto Market Prediction: Here’s Where BTC, ETH, & XRP Price Heading This Week

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