Top 3 Coins Price Forecast Bitcoin, Ethereum and Ripple: Lack of resistance to push price up – Confluence Detector

Rajarshi Mitra Independent Analyst

Top 3 coins daily confluence detector

Bitcoin

Open: $9,614.56
Current Price: $9,609

BTC/USD is still moving sluggishly even though news recently came out that It has been deemed as “Money” under Washington, D.C., Money Transmitters Act. Read more about this here.

BTC/USD has one strong support level at $9,585. It sees a confluence of the one-day Bollinger Band upper curve, one-day Fibonacci 61.8% retracement level and one-week Fibonacci 61.8% retracement level among others.

Ethereum

Open: $275.64
Current Price: $285.42

ETH/USD has jumped tremendously this Friday after getting a boost from the increased user activity in various DeFi protocols. ETH/USD has two healthy support levels at $285 and $278.

The $285-level has the one-day Pivot Point resistance-one and one-month Pivot Point resistance-three. The $278-level is highlighted by the one-day Fibonacci 23.6% retracement level and the one-month Fibonacci 161.8% retracement level.

Ripple

Open: $0.2087
Current Price: $0.2058

XRP/USD has healthy support at $0.188, which has the one-month Fibonacci 38.2% retracement level and one-week Pivot Point support-one.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

XRP stuck in tight range as whale demand, on-chain activity strengthen

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances

Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder.

Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle

Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.

US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux

Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.

Top 3 Coins Price Forecast Bitcoin, Ethereum and Ripple: Lack of resistance to push price up – Confluence Detector