Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 14 October

BTC/USD technical analysis: Volume is looking thin as the market looks to break 8.5K

The four hour chart below is showing the price in its consolidation zone between 8,826 and 7,701.

Today price is right in the middle of the consolidation zone and it holding at the mean value area represented by the volume profile indicator on the right-hand side of the chart.

There is also a support zone at 8,220 which is marked by the small blue rectangles on the chart and this level seems like a magnet for price.

It is left to the US traders to pick up the momentum and push the price higher but if the price breaks the support xone the next level on the way down is 7,701 consolidation support.

ETH/USD technical analysis: Ethereum has just bounced off a decent support level

Ethereum is performing well today and trades 3.14% higher today bouncing off the 180.00 support zone.

After the pair found support 150.00 back on 26th September 180.00 has been a pivot level ever since.

On the chart below you can also see the channel formation that has been pretty well respected, but the most encouraging sign for the bulls has been the volume on the last four-hour candle.

Ripple's XRP technical analysis: XRP/USD bulls must breakdown big barrier at $0.3000 for greater heights

Ripple's XRP price is trading with gains of some 4.50% in the session on Monday. 

XRP/USD bulls have to find another push to breakdown the heavy supply at $0.3000. 

Price action can be seen moving within an ascending channel structure, which could be also viewed as a bearish flag. 

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ETH/USD hovers around $185.00, vulnerable to further losses

ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis. 

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Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector

Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.

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Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast