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Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – European Wrap – 31 March

Bitcoin Price Prediction: BTC/USD takes another shot at $6,500, is $7,000 the ultimate goal? - Confluence Detector

Bitcoin price bulls have adamantly stayed in the driver seat even after a rejection at $6,525. Besides, support at $6,400 has proved vital to the ongoing recovery. Buyers are intentional on revenging the losses suffered over the weekend and pulling BTC/USD towards $8,000.

BTC/USD price chart

Ethereum Price Analysis: ETH/USD to recover towards $140.00 if 134.40 is broken

Ethereum, the second-largest digital asset with the current market value of $14.5 billion and an average daily trading volume of $11.2 billion has gained 1.5% in the recent 24 hours and settled at $132.00 by the time of writing. Despite the upside momentum, the coin is still locked in a range. 

ETH/USD

Ripple's Price Analysis: XRP/USD supported by the short-term upside trend line

Ripple's XRP is changing hands at $0.1730, mostly unchanged since the beginning of the day. The third-largest digital asset with the current market value of $7.5 billion recovered above $0.1700 after a short-lived sell-off on Monday. However, the further upside momentum seems to be limited at this stage. 

XRP/USD

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin: Hormuz uncertainty clouds BTC outlook
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