Top Predictions: Bitcoin, Ethereum, Ripple Price Analysis for Coming Weekend
Summary:
- The price of Bitcoin, Ethereum and Ripple are expected to show a strong performance in the coming weekend.
- Bitcoin is currently within a symmetrical triangle and may either break out or plunge into a deep bearish well.
- Ethereum is testing its lower support close to $1500 and Ripple is holding above $0.36 indicating the possibilities of a bullish breakout soon.
Price Analysis for Bitcoin (BTC)
Bitcoin price had regained its spot within the symmetrical tragle after the recent surge in the first few days of 2023. The price however, slashed hard and is testing the lower support of the triangle being on its way approaching the edge of the consolidation. If the bulls manage to hold the price within the triangle, a notable flip may be expected else a drop may drag the price into a deep bearish well.
Price Analysis for Ethereum (ETH)
The Ethereum price also underwent a massive drop as it tested the upper resistance and plunged heavily by more than 4%. The price could continue surging down and test the lower support close to $1500 that could be the last point of defense as a failed attempt may drag the price around $1360. Meanwhile, a rebound could be triggered after testing $1500 support zone and hence a decent upswing may uplift the price again.
Price Analysis for Ripple (XRP)
The XRP price has been displaying immense strength amid the ongoing bearish market trend ans sustains above