Crypto: Bitcoin, Ethereum, And Ripple at a Crossroads

Explore the dynamic world of crypto where every price movement is significant. Bitcoin reaches new heights, Ethereum struggles for its support, and Ripple shows rally potential. Discover the forecasts for these three giants and get ready to navigate a booming market.

Crypto: Bitcoin and Ethereum in opposition!

Bitcoin (BTC) reached an all-time high of $93,265 last Wednesday and is now consolidating between $87,000 and $93,000. Currently, it is trading around $90,500. If BTC falls below $87,000, it could drop to $85,000, or even $78,000 if it closes below that level.

The RSI is at 74, indicating an increased risk. Crypto traders should therefore be cautious, as an exit from overbought territory could signal a pullback. Conversely, a close above $92,625 could push BTC towards $100,000.

As for Ethereum, its price dropped 8.8% until Sunday after being rejected at $3,454 on Tuesday. This Monday, it is trading around $3,100, near the key level of $3,000. A close below this level could lead to a drop towards $2,799. The RSI is at 61, signaling a possible decline if below 50. On the other hand, a close above $3,454 could push ETH crypto towards $4,000.

Is Ripple preparing for a rally?

The price of Ripple (XRP) surpassed the resistance of $0.718 on Thursday, climbing 62.5% until Saturday. On Sunday, it dropped 5.9%, not closing above $1.13. This Monday, it is trading at $1.13, up 8.8%. A close above $1.13 could extend the rally by 21% to $1.372.

The RSI at 85, well above 70, signals an increased risk. Crypto investors should be cautious, as an exit from overbought could indicate a pullback. Otherwise, XRP could retest $1.00.

According to Ryan Lee, Chief Analyst at Bitget Research:

There are several key indicators to watch this week. First, external market disruptions could impact the crypto market. After Trump was elected president, the US dollar index and the 10-year Treasury yield both continued to rise, putting pressure on risk markets. The market expects that Trump’s administration will increase tariffs and cut taxes domestically, which could lead to economic instability and potentially raise inflation levels.

In summary, the forecasts for these three cryptos show varied scenarios: consolidation for Bitcoin, a critical situation for Ethereum, and bullish potential for Ripple. Investors must remain vigilant and closely monitor support and resistance levels to make informed decisions.