Price Analysis

Bitcoin (BTC), Ethereum (ETH) & Ripple (XRP) Price Might Hit This Level In Coming Days

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Apr 11, 2022

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Of late the crypto market is submerged into a bearish pull with Bitcoin retracing below $42,000. This has forced other altcoins too to follow Bitcoin. The global cryptocurrency market capitalization has drastically fallen below $2 trillion positioning at $1.88 trillion with a fall of 4.63% over the last 24hrs.

Where Is Bitcoin, Ethereum & Ripple Heading to?

Bitcoin

The Bitcoin bulls couldn’t sustain even the $42,000 level as the price has dropped below this level and retraced around the $41,100 level. On March 28th, Bitcoin saw an upswing towards $48,238 before retesting $42,076 and is currently below the $41,2000 level.

The thing that is to be looked at is how Bitcoin price has coincided with the $40,490 and $42,316 demand zone and this also supports the 50-day and 100-day Simple Moving Averages (SMAs). Hence, investors can expect Bitcoin to move towards $44,580. If buyers push a bit harder, this might turn into a support zone where bulls might retest the $48,248 level.

If the bull run continues, the flagship currency might even retest $50,000 and $52,000 and account for a 21% upswing.

And if bears take over, the price might drop to the $40,490 level which will make way for bears to pull Bitcoin price to even $34,752.

Ethereum

It’s been four days since Ethereum, the second-largest cryptocurrency by market capitalization is trading around $3,136 before it retraced back at the $3,044 level with a plunge of 6.48% over the last 24hrs. 

If bulls manage to take over Ethereum price at $3,500, then the price might skyrocket to $3,703. In a highly bullish scenario, the Ethereum bulls might even head towards $4,040 accounting for more than a 27% bull rally.

However, if bulls fail to do so, then Ethereum bears might slide from $2,820 to $2,966 also supporting the 50-day and 100-day SMAs.

If Ethereum’s price decides to close daily candlestick below $2,820, then Ethereum’s price could even drop downside at $2,584.

Ripple

Ripple’s native coin XRP did manage to maintain a bullish cycle for nearly a month before the price fell to the $0.771 level on April 6. This is the level where 2022’s most volume is traded.

At the time of writing, XRP Price is trading at $0.7127 saw a plunge of 6.22% over the last 24hrs, and retracing below the $0.771 level indicating that bears have taken over Bitcoin. With the present bearish cycle, investors can expect Ripple to downtrend towards the $0.657 support level.

If XRP had to face a bull rally, then the price must grab the $0.771 level so that there is a  chance for Ripple price to revisit $1

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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