Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Ethereum outperforms as crypto bulls dominate


  • Bulls return on Sunday as altcoins continue to find demand.
  • Bitcoin range play intact but poised for additional upside.
  • Ethereum leads the advance amongst the top 3 crypto coins.

The most favorite crypto coin, Bitcoin, is looking to extend the bullish momentum while trading around the $11,600, with eyes set on the $11,800 mark. Ethereum is the top performer among the top three cryptocurrencies on Sunday. Ripple is on its way to regain the $0.28 barrier, having found solid support at $0.2741. The total market capitalization of the top 20 cryptocurrencies now stands at $368.26 billion, as cited by CoinMarketCap.

The top 3 most favorite digital assets are trading on the front foot while heading into a fresh week. Let’s look at FXStreet’s Confluence Detector tool in order to see how they are positioned on the technical charts.

fxsoriginal

BTC/USD: $11,800 on the buyers’ radar

Bitcoin extends its range play below the fierce resistance at $11,633, the confluence of SMA10 1D, Fib 61.8% 1D and 1W.

On a break above the latter, the bulls could meet minor resistance at $11,700, where the Bollinger Band 1D Middle and Fib 161.8% 1D coincide. The next soft cap is seen at $11,830, the previous week high.

On the contrary, sellers aim at the immediate downside target at $11,513, the intersection of the previous month high, Fib 23.6% 1D and Bollinger Band 1H Middle.

The convergence of the Pivot Point 1D S3 and Bollinger Band 1D Lower at $11,250 will be the next cushion. Selling pressure will intensify below the latter, opening floors for a test of $10,900, the Fib 23.6% 1M.

ETH/USD: Acceptance above $409.50 critical for the bulls

Ethereum is heading towards the robust resistance at $409.50, which the intersection of the previous day high, Pivot Point 1D R1 and SMA100 4H.

A decisive break above the aforesaid hurdle will call for a test of $413, the previous week high and Pivot Point 1D R2. The next upside target is aligned at $434.50, which is the Pivot Point 1M R2.  

To the downside, the immediate cushion awaits at $405, where the SMA10 4H, Fib 23.6% 1W and 1D meet. A bunch of soft support levels is aligned below the latter, around $398 levels, the convergence of the Fib 61.8% 1D and Fib 38.2% 1W.

The confluence area of the SMA200 1H, previous day low and Pivot Point 1D S1 at $392 will be the level to beat for the ETH bears.

XRP/USD: Bullish bias intact while above $0.2740

Ripple trades with moderate gains on Sunday, with the immediate upside barrier aligned at $0.2800, the intersection of the previous day high, Fib 61.8% 1W and SMA200 1H.

The next significant hurdle is placed at $0.2823, which is SMA10 1D. The buyer interest will pick up pace above the latter, with the $0.2894 target straight in sight. That level is the confluence of the Pivot Point 1M R1 and Bollinger Band 1D Middle.

The XRP bulls are likely to remain in charge so long as the spot holds above the solid $0.2740 support, where the intraday low, SMA5 1D and SMA100 1H coincide.

Acceptance below that critical support, the $0.2693 level (Fib 38.2% 1W) could guard the further downside.

See all the cryptocurrency technical 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.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Nightmares repeat as BTC flash crashes

Bitcoin price slid roughly $7,000 on Wednesday after Elon Musk tweeted that Tesla will not accept BTC. Ethereum price dropped only $270 and is in recovery mode. Ripple eyes a dip into the demand zone ranging from $0.941 to $1.156 before it attempts to rise higher.

More Cryptocurrencies News

Polygon sets sights on new all-time high despite recent flash crash

MATIC price shows a massive spike in buying pressure that has undone the recent crash. A sustained buying pressure here could propel Polygon price to the 161.8% Fibonacci extension level at $1.287. A breakdown of the support barrier at $0.872 will invalidate this uptrend.

More Polygon News

Ripple struggles to break through stiff resistance

XRP price seems to have suffered from the sell-off caused by Elon Musk's announcement that Tesla stopped accepting cryptocurrency payments. XRP price slid by more than 22% over the past 24 hours to hit a low of $1.20. Buyers seem to have quickly scooped up more tokens at a discount.

More Ripple News

Tesla ditches Bitcoin as payment but may accept Dogecoin instead

Dogecoin price plunged by over 25% in the past 24 hours, reaching a low of $0.38. DOGE fell in tandem with the rest of the crypto market following Elon Musk's announcement that Tesla is suspending vehicle purchases using Bitcoin. The meme-coin could be awaiting a recovery if Tesla decides to accept DOGE as payment instead. 

More Dogecoin News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP