Bitcoin, ETH, & XRP Price Prediction: Crypto Crash Worsens, What Next?

The crypto market today has taken a major hit, with Bitcoin, ETH, XRP and the majority of altcoins plunging steeply. The business’s market cap at the time of press has dropped 9%, triggering fear among the market participants. This freefall is closely aligned with pressure looming across traditional markets. Talking about which, the S&P 500 and NASDAQ have fallen over concerns revolving around Trump’s trade tariffs affecting Canada and Mexico. And also, the measures focusing on China.

Bitcoin (BTC) Price Prediction:

Bitcoin has been sliding down the spiral, on its daily chart, it is currently changing hands at $83,640 after shedding 9.07% since yesterday. Marketers seem to have ceased the dip, as the intraday trading volume remains strong at $73.78 billion.

If BTC price fails to hold firm above the $82,000 support zone, it could drop further toward the crucial support level at $80,000. On the positive side, a recovery above $86,000 might ignite a rebound toward the resistance at $90,000.

Ethereum (ETH) Price Prediction:

Ethereum has borne the brunt caused by growing ETF outflows, as the numbers shot up to $164 million in the past week. Plus, the liquidations surging to $209 million. The repercussions of this and the broader market turmoil have led to ETH price plummeting by 14% overnight. 

Its price is currently floating around $2,087, if it falls below $2,000, Ethereum could test the $1,900 mark, where buyers may step in. In contrast, a strong push above $2,200 could take the price toward $2,400.

XRP Price Prediction:

XRP has incurred a fall of 16% on its daily chart, taking its price to $2.36, at the time of press. The token has faced heavy selling pressure, with long liquidations tallying up to $50 million. A further plunge could lead to a slide to the $2.20 mark. 

That being said, a break below $2.20 could see XRP testing $1.76 and potentially $1.55, where the 200-day SMA lies. However, a bounce above $2.48 might open the doors for a recovery toward the much anticipated $3.00 price tag.

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