TOP 3 price prediction Bitcoin, Ethereum, Ripple: Window of opportunity for Ripple and Ethereum

• Bitcoin continues to consolidate at the $8,000 price level, likely targeting it in the coming hours.

• Ethereum seeks to breach $484, with a target above the $600 price level.

• Today may be Ripple's turn for

Ripple has a chance to be the main mover in the Crypto market, at least according to the current outlook by the charts. Yesterday we mentioned Ripple’s weak technical outlook and how difficult it might be for XRP/USD to capitalize the “ETF effect”, but Ripple has its golden card on its technology potential applications in the business world. Once the market values that, we could see Ripple’s potential pan out.

Ethereum also looks to have a positive day, especially at the beginning of the American session. It’s very possible that Ethereum, along with the other altcoins, follow Bitcoin’s surge to break above some important resistances, also following BTC’s “C” wave to consolidate afterwards such bullish breakout.

Meanwhile, Bitcoin keeps developing a consolidation structure that will probably spend some more hours until it gets fully completed. It needs to finish the current “B” wave to then move down and complete the pattern with a “C” wave.

BTC/USD 1 D

Above the current price, BTC/USD has its first resistance at the price level of $8,400. A close above this level would take BTC/USD directly to the $8,800 price level with a significant encounter with the SMA200 in the daily range.

If BTC/USD manages to outperform the quintessential moving average and is able to move above $8,800, the next resistance is at the price level of $9,150. From this price level, the final target of the current scenario at the $9,600 price level would be within Bitcoin's reach.

Below the current price, BTC/USD finds its first support at the price level of $8,200, a level drilled yesterday but around where the price gravitates. A visit to the next support level at the $8,000 level is likely as the current corrective structure develops. You should not move below this level, but just in case declare that the following supports are in the price levels of $7,850 and $7,730. In this last price level, BTC/USD would find the EMA50 at four hours, so I qualify it as a low limit level without losing the bullish moment.

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MACD at 240 Min shows itself cut down but with a fully consolidated profile. Very close lines and slight inclination. It confirms the scenario of technical consolidation more prone to the bearish side than to a purely bearish pattern.

Directional Movement Index in 240 Min shows buyers in complete control of the situation while sellers continue to be at low levels. The ADX relaxes a bit but continues to indicate a healthy trend.

 

ETH/USD 1D

Above the current price, immediate resistance for ETH/USD at the price level of $484, which may have been breached at the time of the publication of this article. This price level has been a strong resistance level since the beginning of last June, with a failed attempt in the middle of the current month, so another failure would give a very negative message to ETH/USD. On the other hand, if ETH/USD managed to break above $484, the next resistance level at the $520 before an attempt to the June highs at the $550 price level.

Below the current price, the margin remains minimal. The fact that ETH/USD price remains above the moving averages provides some peace of mind, but we cannot forget that the abyss is still very close and that with only a $50 drop the scenario would become very, very bearish.

First support at the $460 price level where the SMA100 and SMA200 are currently set. If ETH/USD loses this triple support, it will fall directly to the bullish trend line level at $440.

Below this level, the closing of long positions and an aggressive opening of sell positions is recommended.

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MACD at 240 Min shows a very flat profile with little separation in between. But it remains firmly above the 0 level of the indicator and the statistics, in this case, are in favor of price rises.

Directional Movement Index in 240 Min shows a potentially very bullish profile. Buyers have a good advantage over sellers. The ADX also confirms the strong bullish potential, coming from very low levels and with a lot of distance ahead.

XRP/USD 1D

Above the current price, XRP/USD has immediate resistance at the price level of $0.47. Right now XRP/USD is compressed below the SMA200, SMA100, and EMA50. Above the above resistance level, the next target is at the price level of $0.488, a previous step towards meeting the critical resistance range at the $0.50 price level.

Below the current price, a situation similar, at least, to that of Ethereum. The margin is minimal, and any movement below the relative lows would be critical in the case of the XRP/USD.

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MACD manages to be placed above the line of 0, although with a slightly inclined profile and with hardly any distance between averages. I would need some development to have a better perspective.

Directional Movement Index shows buyers in control of the situation, as sellers move to lower levels each time. ADX also shows a lot of development potential ahead.