Home Latest News Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos hint at a bullish...

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos hint at a bullish week with a twist – FXStreet

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Akash Girimath Akash Girimath
FXStreet

Bitcoin price reveals its bullish move after tight consolidation over the weekend. This impulsive move has caused many altcoins to explode as well. Ethereum and Ripple have followed suit but are far away from reaching their short-term objective.
Bitcoin price created equal lows around the $29,288 support level by tagging it thrice over the last week. While a sweep of this barrier aka Monday’s low was necessary, the buyers seem to have taken control, leading to a rally.
So far, Bitcoin price has rallied to retest the range high at $31,493 and is likely going to reverse the trend here. A sweep of Monday’s low at $29,288 should be the key to triggering a relief rally bounce to the short-term targets, extending from $34,455 to $35,180.
BTC/USD 4-hour chart
BTC/USD 4-hour chart
Invalidation of this bullish thesis would occur if Bitcoin price produces a four-hour candlestick close below the range low at $28,575. In this situation, BTC might crash to $27,708.
Ethereum price created a double bottom pattern after tagging the $1,731 support level twice on May 28 and June 3. The reaction from this setup led to a 9% ascent, with more gains in the works.
Investors can expect Ethereum price to retrace and tag the $1,813 foothold before continuing its ascent. This level would be a good place to bid, especially considering the short-term targets for ETH are present at $2,164, $2,341 and $2,412.
ETH/USD 4-hour chart
ETH/USD 4-hour chart
If Ethereum price fails to hold above the $1,813 support level, a good buy area would be as ETH sweeps the $1,731 support level. However, a four-hour candlestick close below $1,701 will invalidate the bullish thesis. 
Such a development could send ETH plummeting to $1,543.
Ripple price moved close to retesting the $0.437 hurdle but failed and retraced to the $0.389 stable support level. After a quick sweep of this level, bulls took control and triggered a 5% run-up to $0.404.
Going forward, Ripple price might undergo a minor retracement to $0.389, but the upside objectives remain the same ie., a retest of the $0.437 and $0.484. Therefore, investors need to be patient with the remittance token.
XRP/USD 4-hour chart
XRP/USD 4-hour chart
Regardless of the bullish outlook, if Ripple price creates a lower low below $0.371, it will invalidate the bullish thesis. In such a case, the XRP price could crash to the $0.345 support floor.
 

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Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
Former BitMEX CEO Arthur Hayes addressed the liquidity crunch that has hit the crypto market. Hayes believes Bitcoin and Ethereum prices could bleed further and identified altcoins that have bullish potential in the bear market. 
XRP price has found support above key psychological level $0.30 after some positive developments in the Ripple vs SEC court saga.
TRON price seems to be consolidating after rallying exponentially since March 2020. This massive coiling up at the top seems to have formed a bearish pattern that indicates a correction is due for TRX.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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