This May Be Expected From Bitcoin(BTC), Ethereum(ETH) & XRP Price

Bitcoin(BTC)

The BTC price had maintained a notable uptrend since the last fortnight which is approaching the crucial resistance levels. Here the possibilities of rejection may be expected which could be stabilized around $34,700. Currently, the asset is swinging within a healthy consolidation that may be capped by the supply zone just above the $40,000 levels. 

Once the asset reaches the immediate resistance, then a fair chance of a pullback is pretty much possible. And hence the BTC price may be dragged yet again towards the levels around $35,000. Therefore the current day close may be extremely important for the asset as a close above $38,500 may keep up the uptrend while a plunge below these levels may keep the asset within the consolidation. 

Ethereum(ETH)

 The asset is hovering within the crucial resistance zone for a pretty long time after rising by nearly 30% from the lows. After a brief consolidation, the buyers could eventually jump in soon to uplift the price above the accumulation. If not notable buying occurs, then the asset may eventually revisit the lower levels around $2300 that may ignite a further plunge towards the $1700 support zone if not held strongly. 

On the contrary, a daily close above $2800 may temporarily avoid the asset to plunge down and remaining within a consolidation. At the press time, the ETH price is sliding below the resistance and in such case, the support may be tested and chances of a drastic plunge are also pretty high. However, all eyes are on the daily close that should be above $2600 to maintain a notable uptrend further. 

Ripple(XRP)

As the Bitcoin price crashed recently, it just dragged the entire market towards the lower support region. And hence XRP price also plunged from the crucial resistance levels of $0.7. Currently, after maintaining above $0.6 for a notable period, the asset is feared to plunge below $0.6. The indicators are slowly turning bearish. And hence a notable plunge may drag the price towards the lower support at $0.5.

However, a slight strength in the rally is still withnessed as the RSI has not plunged to the lower levels. Yet a possibility of a rebound may be taken into consideration. The current plunge appears to be short-lived which could flip after hitting the immediate lower levels just below $0.6.