Ethereum

Convergence

Billion

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-a-bullish-rebound-this-week/">Bitcoin, Ethereum, And XRP Price Prediction: A Bullish Rebound This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After recording a bloodbath in the cross-border markets, the cryptocurrency industry has displayed a sign of relief by adding more than $230 Billion in its valuation within the past four days, indicating an increase in the inflow within the crypto space.</p> 
<p>Furthermore, top altcoins have displayed a successful bullish reversal in their respective portfolios by adding significant value since the week started. With the rising bullish sentiments, will the crypto industry make a comeback this week?</p> 
<h2 class="wp-block-heading" id="h-btc-price-on-the-verge-of-a-breakout">BTC Price On The Verge Of A Breakout!</h2> 
<p>Despite increased price volatility in the crypto industry, the crypto market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a>, continues to trade under a falling channel pattern in the 1D time frame, indicating a long-term bearish influence for the BTC token.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/vw8xWBjqxIJUs4kgId89CdbgBiqHkcqGFu6uLFZS39l5TBWJXsRC0uHPdeQZHzf_R9PEA5TMW4BbmGTDjOb5aEmuhxNxHEheGhgGQrECRol0g-98yyKORRPeNRPAIh2ZAzCfPRT3a_T9MOeQYQ2Vn0Y" alt="Bitcoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
 </figcaption>
</figure> 
<p>Positively, the <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">BTC price</a> has added 10% within the past day and approximately 3% over the past week. Moreover, at the time of writing, its YTD stood at 52.16%, highlighting a strong possibility of bullish price action during the upcoming months.</p> 
<p>The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating increased buying-over-selling pressure in the crypto space. Moreover, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming time.</p> 
<p>If the market pushes the BTC price above the resistance zone, the bulls will regain momentum and prepare to test the upper resistance level of $68,000 during the upcoming week. However, if the bears overpowered the bulls, the price would lose momentum and fall to test its low of $60,000.</p> 
<h2 class="wp-block-heading" id="h-ethereum-price-displays-a-bearish-pattern">Ethereum Price Displays A Bearish Pattern:</h2> 
<p>The second largest cryptocurrency by market capitalization, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price</a>, follows in the footsteps of the market leader and displays a similar trend by successfully forming and trading in a falling channel pattern in the 1D time frame.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Ok7f8lIlgp1BSEPCdEk0ffejEUs2YgHqeJfQvVGONjOE55okjmMUwVHHFCj80-vtNX0IHC8MsQg71aS9jZVv1cSHgG_G32UzWaXZ4N800bp9s05SCGzmGQUveocOOtfF_B7ypjseLxx4PRStoJICue8" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
 </figcaption>
</figure> 
<p>However, the Simple Moving Average (SMA) displays a high possibility of a bullish convergence over the weekend, highlighting a potential bullish price action during the upcoming week.</p> 
<p>The Relative Strength Index (RSI) continues to hover close to its mid-point, indicating a weak price action for the altcoin. On the other hand, the averages show a bullish convergence in the 1D time frame, highlighting a strong bullish influence for the <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum token</a> in the cryptocurrency industry.</p> 
<p>If the bulls break out of the falling channel pattern, the ETH price will regain momentum and test its upper resistance level of $3,400 this week. Conversely, if the bears gain control over the market, the price will test its support level of $3,000.</p> 
<h2 class="wp-block-heading" id="h-xrp-price-records-a-bullish-sentiment">XRP Price Records A Bullish Sentiment:</h2> 
<p>The Ripple token continues its struggle to surpass the resistance level of $0.5340, indicating a strong liquidation point at that level. However, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> has formed a symmetric triangle pattern and is on the verge of testing its resistance trendline, the outcome of which is unpredictable.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/b5FHTVxuz2jdH9RvdnXMrM0j1pg7nSv1ZI1e7MfkHnZL4IiS2OgMoWsO4_EzSfKyO0ASIf0QjPPp2dbb9C-mFO-v73e_TTeEwngd7XlasuT92RDlAG-Ojwx7rJFNq7CZXsX6niNvlf63H1vc432OvdU" 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, highlighting increased positive sentiment in the crypto space. Furthermore, the averages show a bullish pattern, indicating the price may continue gaining value in the coming time.</p> 
<p>If the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> bulls break out of their important resistance level, the price will prepare to test its upper resistance level of $0.60 during the upcoming week. Negatively, a bearish sentiment could result in the Ripple token falling toward its support trendline.</p> 
<h2 class="wp-block-heading" id="h-conclusion">Conclusion:</h2> 
<p>The cryptocurrency industry is predicted to make a comeback during the upcoming week as top tokens display a strong bullish influence, highlighting an increase in the buying sentiment. Moreover, top tokens such as Bitcoin, Ethereum, and XRP tokens are on the verge of a major breakout, indicating increased price action in the market.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/top-altcoins-facing-potential-crash-in-coming-week/">Top Altcoins Facing Potential Crash In Coming Week</a></p>

Bitcoin, Ethereum, And XRP Price Prediction: A Bullish Rebound This Week?

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