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Cryptocurrencies Price Prediction: Ripple, Ethereum & Bitcoin — Asian Wrap 08 Mar

Cryptocurrencies Price Prediction: Ripple, Ethereum & Bitcoin — Asian Wrap 08 Mar
FXStreet TeamFXStreet TeamFXStreet

XRP price confirms strong short signal but bears fail to follow through

XRP price action shows a confirmed Ideal Bearish Ichimoku Breakout on the daily chart. However, bears failed to follow through, which may be due to some stubborn bullish pressure preventing a move lower. As a result, bullish conviction is now being tested, and so far, it appears to be waning.

Ethereum price flirts with a downswing to $2,300

Ethereum price action is now at the most bearish since December 13, 2021. If bears confirm the current breakout, sub $2,000 price levels are imminent. Ethereum price confirmed and Ideal Bearish Ichimoku Breakout on Friday with a close below the Ichimoku Cloud.

Bitcoin panic selling to $30,000 likely if BTC fails to hold this support level

Bitcoin price continues to show very bearish signals that downside pressure is likely to continue. However, early warning signs of a bullish reversal continue to play out despite the current bearish technicals. Bitcoin price confirmed and Ideal Bearish Ichimoku Breakout on Saturday.

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