Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin bull run pauses while selected altcoins on fire


  • Bitcoin price is in consolidation between $46,000 and $48,000, but bulls eye higher than $50,000.
  • Ethereum relentless in the battle for highs above $2,000, but bulls must establish higher support first.
  • Ripple begins the recovery journey to $0.75 after stepping above $0.5.

The ongoing bullish cycle is yet to hit its local top despite Bitcoin brushing shoulders with $48,000 (new record high). Ethereum and Cardano are at the helm of the rally as far as altcoins are concerned.

Binance Coin has gone ballistic with gains surpassing the recent $100 prediction to achieve new all-time highs at $140. Other altcoins performing incredibly well are Uniswap, EOS, Terra, Huobi Token and Filecoin.

Bitcoin holds higher support ahead of massive breakout

The king of cryptocurrencies has settled above $46,000 after trading new highs at $48,000. The recent spike from $38,000 happened after Tesla, the company founded by Elon Musk, announced the purchase of $1.5 billion worth of BTC. Meanwhile, the pioneer cryptocurrency appears to have secured higher support, allowing bulls and investors to gather the strength for another rally beyond $50,000.

The Relative Strength Index (RSI) on the 4-hour chart validates the consolidation by levelling around 70. A return into the overbought region will signal another upswing and perhaps call for more buy orders. Bitcoin needs to break past $48,000 to kick start the next rally above $50,000.

BTC/USD 4-hour chart

BTC/USD 4-hour chart

Ethereum seeks higher support following rejection at $1,840

Ethereum is trading at $1,790 after a minor retreat from highs beyond $1,800. A new all-time high has been formed at $1,840, but the journey to $2,000 appears to have been temporarily halted. Finding higher support will secure the uptrend by confirming to investors that stability exists in the market.

The RSI has reinforced the short-term breakdown on the 4-hour chart. A bearish divergence from the price adds credibility to the correction. This deviation comes into the picture when the price forms higher lows while the RSI creates a series of lower highs.

In the event support at $1,750 fails to hold, the smart contract token will drop to $1,700. The 50 Simple Moving Average on the 4-hour chart is also in line to provide support if the bearish leg extends under $1,700.

ETH/USD 4-hour chart

ETH/USD 4-hour chart

Ripple’s uptrend catches momentum toward $0.65

The cross border token is gradually reclaiming the recently lost support levels. After ricocheting off support at $0.35, its recovery journey has been remarkably consistent. The recent break above $0.45 and $0.5 opened the door for gains eyeing $0.65.

However, XRP might retreat to $0.5 before resuming the uptrend due to the overbought conditions, as shown by the RSI. Therefore, bulls must be keen to hold the price above $0.5 and secure the uptrend and thwart losses that could retest $0.45.

XRP/USD 4-hour chart

XRP/USD 4-hour chart

Key takeaways

Bitcoin temporarily pauses the rally to highs above $50,000 following the gigantic spike from $38,000.

Ethereum is seeking higher support before resuming the battle for new record highs above $2,000.

Ripple sets for higher price levels following a steady recovery from the immediate support at $0.35. Support at $0.5 will play a key role in averting losses that may retest $0.45 and $0.35 anchor levels.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Uniswap price eyes 20% upswing if UNI can clear this crucial barrier

Uniswap price is on a journey to retest $25 after the recent downswing. On-chain metrics hint at smooth sailing ride apart from the massive resistance at $20.84. A daily close below $17.75 will invalidate the bullish thesis.

More UniSwab news

Three major overlooked factors why Ethereum price is about to skyrocket

ETH price has been consolidating after the cryptocurrency registered a new all-time high on November 10. A few factors suggest that the token may be preparing for a massive take-off. 

More Ethereum news

Solana price to trigger a 15% upswing as SOL retests crucial support level

Solana price appears to be making a comeback after it slipped into a steep correction since its all-time high on November 7. This downswing has stopped after retesting a crucial support level and is on a journey to head higher.

More Solana news

Crypto exchange Kraken lists Shiba Inu, kickstarting SHIB price recovery

Leading cryptocurrency exchange Kraken announced that it will support the popular meme-based token Shiba Inu starting November 30. The digital asset trading platform has already begun accepting deposits of SHIB.

More Shiba Inu news

Cyber Monday 2021 Discounts!

Glued to your trading screen on Cyber Monday? Upgrade your skills by signing up for FXStreet’s Premium service, offered at a discount of up to 50%. Fellow traders have already taken advantage of Black Friday profits. What about you? 

Subscribe now!

BTC

ETH

XRP