Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 17 Nov


Bitcoin Price Analysis: BTC uptrend eyes 2018 top despite overbought RSI

BTC/USD drops to 16,759 during early Tuesday. Even so, the Crypto major prints 0.18% intraday gains while nearing the highest levels since January 2018, flashed last week. Although overbought RSI conditions on the weekly chart suggest the pair’s corrective pullback towards Friday’s high near 16,490, any further declines are less likely.

 

XRP price explodes over 12%, but some technical indicators spell trouble

XRP had a notable breakout on November 13 from the ascending triangle pattern formed on the daily chart. The initial price target is $0.30; however, the digital asset could be looking for a pullback first. Several indicators show XRP could be on the verge of a correction in the short-term.

 

Ethereum price aims for $520 if bulls can crack this critical resistance level

Ethereum is currently trading at $461, bounded inside an ascending parallel channel on the hourly chart. The digital asset looks poised to test the upper trendline at $485. A breakout above this point can quickly drive Ethereum price towards $520.

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Ripple Price Prediction: XRP’s rise to $1 hinges on one crucial upside barrier

Ripple (XRP/USD) sellers have returned this Sunday, as the recent recovery from sub-$0.50 levels appears to lose steam. However, from a technical perspective, it looks like the bulls have taken a breather before the bullish reversal picks up pace. Acceptance above the key Fib 61.8% hurdle is critical to take on the $1 mark.

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Top 3 Losers Of The Week Synthetix, Compound, LTC: Fail to benefit from weekend love

Decentralized finance (DeFi) tokens are trying to catch up with the positive turnaround seen across the crypto board in the second half of this week. However, Synthetix, Compound, Litecoin have failed to benefit from the renewed buying wave. 

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Ethereum holders bracing for ‘sell the news’ ahead of the ETH 2.0’s launch?

Heading into the ETH 2.0 launch on December 1, the Ethereum holders remain wary over the prospects for the second-most widely traded digital asset. Following last week’s slide, has Ethereum’s time finally arrived or is it a sell on the rollout news?

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Top 3 Weekly Gainers Verge, ADA, VeChain: Shrug-off broad corrective trend

Crypto markets witnessed massive volatility over the past week, marked by the stellar performance in Bitcoin. Among the top 50 widely-traded digital assets, Verge, Cardano and VeChain emerged as the top performers, with Verge up 40% on the week. 

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Gold Weekly Forecast: XAU/USD tumbles to multi-month lows on risk flows, technical selloff

Bitcoin has lived through a roller-coaster week. The pioneer digital currency hit another multi-year high of $19,500 and got really close to the all-time high on Wednesday. 

Read the weekly forecast

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