Altcoins

This Is Where Bitcoin (BTC) Ripple (XRP) and Hedera Hashgraph (HBAR) Prices Are Heading! 

Written by: Nidhi Kolhapur

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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Feb 23, 2022

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The bitcoin price rose slightly on Wednesday and the global cryptocurrency market was trading in green as investors continued to assess the escalating tensions on the Russia-Ukraine border.

The global crypto market cap is $1.72 trillion, a 2.35% increase over the last day. The total crypto market volume over the last 24 hours is $82.28 billion, which makes an 18.37% decrease.

What’s Next for BTC, XRP, and HBAR Price?

Despite the uncertainties in the broader digital asset market, a popular crypto analyst and trader is laying out what’s next for Bitcoin (BTC), XRP, and one low-cap altcoin this week.

Credible, a pseudonymous expert in the sector, predicts that Bitcoin will consolidate further this week in order to find new customers for the next step up.

According to him, Bitcoin will have a dull week as the price is sandwiched between major support ($38,000-$39,000) and significant resistance ($41,000-$42,000.) He believes that BTC will trade back and forth between these two levels for a while before resolving this consolidation to the upside. He further says that a tap of $36,200 is a firm rejection of the above-mentioned scenario.

“I’m fully deployed at the moment with my last spot buy in the $36,00 region. If I wasn’t, then yes I would be buying there.”

After a brief increase from $0.76 to $0.85 on February 19th, Credible believes the sixth-ranked cryptocurrency will trade sideways this week. The analyst is positive on XRP Price, expecting the altcoin to surge to his $1 minimum target.

Credible is also keeping an eye on the pricing of Hedera Hashgraph (HBAR), a public peer-to-peer payment network. As per the analyst the bottom for HBAR has been reached, he also believes that the altcoin might retrace to $0.20.

He believes the bottom has been reached, but it must clear $0.25-$0.28 to be certain. We spent weeks very close to those lows without creating a lower low, much like the previous time we put in our bottom – so sure, the coin can see $0.20 again, according to him.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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