Cryptocurrencies Price Prediction: Bitcoin, Ripple & Cardano — Asian Wrap March 27
Bitcoin price gives back part of its 28% gains as BTC and ETH struggle against XRP's outperformance
Bitcoin (BTC) price has had a stellar performance last week with over 28% gains in its books. Bulls however saw their dream crushed of $30,000 as $290,000 brought a firm rejection and bulls have been unable to trade back at that level ever since. Expect going into next week to see another leg lower in the fade toward $25,300 as a support level.
Ripple price to close the week with a bang as next week will be crucial for another 20% profit
Ripple (XRP) price is closing this week with very profitable numbers, even if a fade is ongoing. The fade occurred after bulls received a firm rejection at $0.50 and have been trading lower from that level since. If bulls can keep their hands on this momentum and the Relative Strength Index (RSI) is not overbought, at least some 20% profit is being prepared for next week.
Will Cardano price advance as analysts call it one of the favorite altcoins next to EOS and COLT to pop?
Cardano (ADA) price is making the cut and has been shortlisted by several analysts that have put ADA in their top altcoin, primed to explode to the upside soon. ADA is flirting with a second week of gains and could recover its attempt to hit $0.415 as a crucial level for any further uptrend or downtrend. With Cardano being mentioned on that shortlist, several hedge funds and investors will keep and add positions in ADA to be part of any possible rally.
Author
FXStreet Team
FXStreet
