Deutsch한국어 日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçe
Portfolio TrackerSwapBuy CryptoCryptocurrenciesPricingWalletNewsEarnBlogNFTWidgetsCoinStats MidasDeFi Portfolio Tracker24h ReportPress KitAPI Docs

Top 3 Price Analysis; Bitcoin Continues To Fail At $10,400 as ETH Edges Near $300. XRP Also On The Rise But Must Pass $0.337

4y ago
bullish:

1

bearish:

1

Key Highlights:

  • Bitcoin continues to struggle to break $10,400 as bullish increase loses steam.
  • Ethereum reaches $185 as it continues to grind higher toward the $300 level.
  • XRP fails to break $0.337 and looks to retrace.

Bitcoin price: $10,233
Key BTC resistance levels: $10,432, $10,522, $10,653, $10,926
Key BTC support levels: $10,157, $10,000, $9,815, $9,626

*Price at the time of writing

Bitcoin Coin Price Analysis

BTC Chart

What has been going on?

Bitcoin only managed to increase by a small 5% this week as the cryptocurrency continues to fail to break the resistance at $10,432 -provided by a 1.618 Fib Extension level. It has dropped today to reach the current trading level at $10,240. 

The cryptocurrency increased by a small 17% over the past 30-days which allowed it to break above $10,000 and reach a high of $10,522. However, BTC is being completely outperformed by all of the altcoins which are helping its dominance to drop within the market.

Buy/Sell Bitcoin (BTC)

How to buy Bitcoin (BTC) on Binance?

BTC price short term prediction: Bullish

BTC remains strongly bullish after a 50% price hike throughout 2020, however, it must continue to rise and break above the $10,432 resistance for this bullish run to continue. If it was to drop beneath $9,815, the market would turn back to a neutral trading condition.

If the sellers do push lower, the first level of support lies at $10,157. This is then closely followed with support at $10,000. Beneath $10,000, additional support can be found at $9,815, $9,626 (.382 Fib Retracement), $9,500, $9,430, and $9,364 (.5 Fib Retracement).

Where is the resistance toward the upside?

On the other hand, the first level of resistance for Bitcoin to break lies at $10,432. Above this, higher resistance lies at $10,522 and $10,653 (1.618 Fib Extension - purple). If the bulls can continue to crack resistance at $10,800, added resistance lies at $10,926, and $11,000.

Once $11,000 has been breached, strong resistance is expected


Ethereum price: $281
Key ETH resistance levels: $286, $298, $300, $310
Key ETH support levels: $276, $270, $256, $250

Ethereum Coin Price Analysis

ETH Chart

What has been going on?

Etheruem has continued to rocket higher as it reached expected resistance at $286. The cryptocurrency has surged by a total of 26% over the past 7-days of trading alone, as it certainly looks like it would like to make its way above the $300 level.

Ethereum has been the strongest top-3 performer this month as it increased by a majestic 74%!

Buy/Sell Ethereum (ETH)

How to buy Ethereum (ETH) on Binance?

ETH price short term prediction: Bullish

ETH certainly will remain bullish in the short term. For the cryptocurrency to turn neutral, it would need to fall and drop beneath $220. A further fall beneath $180 could possibly be the only thing to turn ETH bearish.

If the sellers do push lower from here, support lies at $276, $270, and $256 (.236 Fib Retracement). Beneath this, additional support can be found at $250, $240, $225, and $205 (.618 Fib Retracement).

Where is the resistance toward the upside?

Alternatively, if the bulls can rebound from $280 and push above the current resistance at $286, the next level for the bulls to break lies at $298 which is provided by a very long term bearish .5 Fib Retracement - measured from the July 2018 high to the December 2018 low.

If the bullish pressure continues to drive Ethereum above the $300 level, the next level of resistance is located at $310 (bearish .786 Fib Retracement). This is then followed by higher resistance at $316 and $331, provided by a short term 1.414 and 1.618 Fib Extension, respectively.

What are the technical indicators showing?

The RSI is starting to drop from extremely overbought conditions as it points down. This gives a chance for the bulls to breathe slightly and regroup for another push higher. Additionally, the Stochastic RSI recently produced a bearish crossover signal which could also help to send the market lower.


XRP price: $0.336
Key XRP resistance levels: $0.337, $0.35, $0.361, $0.371
Key XRP support levels: $0.326, $0.317, $0.308, $0.30

XRP Price Analysis

XRP Chart

What has been going on?

Taking a look at the daily XRP chart above, we can see that the cryptocurrency failed to break above the resistance at $0.337 and has dropped lower. XRP has still seen an extraordinary bullish push this week as it increased by a total of 21% to break above the $0.30 and reach as high as $0.35.

The break above $0.30 now provides some great possible trading opportunities for the bulls as it breaks this pivotal level.

Buy/Sell XRP (XRP)

How to buy XRP (XRP) on Binance?

XRP price short term prediction: Bullish

XRP is most certainly bullish after a 46% price increase over the past 30-days of trading. It would need to fall beneath $0.289 for the bull trend to turn neutral and would need to continue further beneath $0.2345 to turn bearish.

If the sellers do continue lower from here, the first level of support lies at $0.326. Beneath this, additional support lies at $0.317, $0.308, and $0.30. 

If the sellers continue to drive beneath $0.30, added support lies at $0.295, $0.289, $0.28 and $0.25 (200-days EMA).

Where is the resistance toward the upside?

On the other hand, if the bulls regroup and push higher above the $).337 level, the first level of resistance lies at $0.35. Beyond this, additional resistance is to be expected at $0.361, $0.371 (1.272 Fib Extension), and $0.383 (bearish .618 Fib Retracement and 1.414 Fib Extension). 

If the bullish pressure continues to drive XRP above $0.383, higher resistance is then to be expected at $0.39 and $0.40.

What are the technical indicators showing?

The RSI is starting to point downward as the bullish momentum starts to fade slightly. However, if it can remain above the 50 level on the retracement it will help to keep the market as bullish.

Previous top 3 price analysis

At CoinCodex, we regularly publish price analysis articles focused on the top cryptocurrencies. Here's 3 of our most recent articles about the price of Bitcoin, Ethereum and XRP:

4y ago
bullish:

1

bearish:

1

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.