Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets set to recover after recent flash crash

  • Bitcoin price recovery is in effect and suggests it could extend up to $53,687.
  • Ethereum price eyes retest of $4,500 and $4,660 as markets recovery after December 4 flash crash.
  • Ripple price locks in on the $1 psychological level as it hovers around $0.688.

Bitcoin price is currently consolidating after a minor recovery from the brutal sell-off on December 4. The recent uptick in buying pressure has pushed BTC higher, and altcoins have followed suit. Going forward, investors can expect Ethereum, Ripple and others to continue heading higher.

Bitcoin price vies to climb

Bitcoin price dropped from roughly $57,000 to nearly $40,000 less than a day, starting December 4. This flash crash pulled the entire market down, causing liquidations across the board. However, investors were quick to buy the dip, leading to quick recovery to $46,700. 

While this short-term uptick is currently stabilizing around $49,010, investors can expect a further climb in BTC price to the first critical hurdle at $53,687. This move would constitute a 10% upswing.

Beyond which are a lot of underwater investors, with a majority of them hovering around the $60,000 psychological level. Therefore, the upside for BTC remains capped at roughly $53,000.

BTC/USD 4-hour chart

BTC/USD 4-hour chart

If Bitcoin price fails to produce a higher high above $48,950 and makes a run for the $50,000 psychological level or higher, it will indicate that the buyers are exhausted. In this case, if the big crypto produces a lower low below $46,698, market participants can expect the Bitcoin price to retest $40,867.

A breakdown of this barrier will invalidate the bullish thesis.

Ethereum price holds up

Ethereum price sliced through the $4,000 psychological level and retested the $3,400 barrier. Due to the quick buying pressure, ETH recovered to $3,890 and is currently trading at $4,170. Investors can expect the smart contract token to continue its upswing toward the $4,500 hurdle after a 6% ascent.

In some cases, Ethereum price could extend to retest the $4,659 resistance level, representing a 12% climb from the current position.

ETH/USD 4-hour chart

ETH/USD 4-hour chart

While things are looking up for Ethereum price, a breakdown of the $3,890 support level will trigger a 12% crash to $3,400. A lower low below this foothold will invalidate the optimistic narrative for Ether.

Ripple price struggles below vital barriers

Ripple price sliced straight through the $1 psychological level and produced a swing low at $0.583 as the cryptocurrency markets took a dive on December 4. While this initial downswing was steep, recovery is currently in progress. 

So far, XRP price has climbed to $0.789 and eyes to keep this going. Investors can expect the remittance token to rally at least 30% before it retests the $1 psychological level and heads to collect the liquidity resting above the immediate resistance barrier at $1.03.

XRP/USD 12-hour chart

XRP/USD 12-hour chart

On the contrary, if Bitcoin price fails to rally and proceeds to crash again, investors can expect Ripple price to follow suit. In this situation, the XRP price could revisit the $0.688 support level. However, a breakdown of the $0.613 demand barrier will create a lower low and invalidate the bullish thesis.


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

Largest DeFi exploit of 2022 wipes out $80 million from Qubit's Ethereum-BSC bridge

Ethereum-BSC bridge of Qubit Finance suffered a hack to the tune of $80 million in the largest DeFi exploit of 2022. Hackers exploited the "deposit" function to steal cryptocurrencies from Qubit Finance. 

More Ethereum News

Decentraland bulls go against the bearish trend, targeting $2.60

Decentraland (MANA) price has been on the front foot in a challenging market environment. MANA bulls look ready to eke out  28% of gains for this week after the price lifted from the 200-day Simple Moving Average (SMA) and is now set to pop and stay above the monthly S1 support level.

More Decentraland News

Charles Hoskinson awaits launch of Vaccuumlabs DEX on the Cardano network

Cardano network activity hit a peak with a spike in transactions on the network. Charles Hoskinson, the CEO of IOHK, is awaiting the launch of Vaccuumlab's DEX on the Cardano network. 

More Cardano News

Why Bitcoin has entered a new bear market

Bitcoin price has tumbled to a multi-month low below $33,000, as the leading cryptocurrency loses 50% of its value from its all-time high in November 2021. This marks the second-worst sell-off since the bear market that spanned from 2018 to 2020. 

More Bitcoin News

Bitcoin: Federal Reserve cannot tame BTC’s uptrend

Bitcoin experienced some significant losses over the past few weeks, with a more dramatic drop occurring this week after the Fed’s decision was announced. As losses have extended and Bitcoin has entered into the $30,000 zone, concerns regarding BTC being in a bear market have increased.

Read full analysis