|

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Levels cryptos need to conquer for the next bullish leg higher – Confluence Detector

  • Cryptocurrencies are consolidating their gains after the robust weekend gains.
  • All three top digital coins face hurdles ahead of the next leg higher.
  • Here are the levels to watch according to the Confluence Detector.

Cryptocurrencies have not moved higher today but at least they are not crashing like stock markets, amid an escalation in the US-Sino trade war. What's next for digital coins?

Every bullish trend has its corrections as well. Bitcoin, Ethereum, and Ripple each need to break above clear resistance clusters in order to run higher once again.

This is what the Crypto Confluence Detector shows in its latest update:

Bitcion Etehreum Ripple May 13 2019 technical

BTC/USD eyes $7,510

Bitcoin, the grandaddy of cryptocurrencies that led the recent run, faces resistance at $7,510 which is the convergence of the Pivot Point one-month Resistance 3, the Bollinger Band 15min-Upper, the PP one-day Resistance 1, the PP 1s-R3, and more. 

If it breaks higher, it has three equal upside targets: $7,930 (PP one-day R2), $8,079 (Fibonacci 161.8% one-day), and $8,279 (PP 1d-R3).

BTC/USD has initial downside support at $7,279 which is the confluence of the previous 1h-low, the BB 1h-Upper, and the Fibonacci 61.8% one-day.

Further down, at $7,188 we see a dense cluster including the Simple Moving Average 5-4h, the SMA 100-15m, the BB 1h-Middle, the Fibonacci 38.2% one-day, and the SMA 50-1h. 

ETH/USD eyes $197

Ethereum needs to break above $197 where the Pivot Point one-week R2 awaits.

Further up, $202 is the meeting point of the previous daily high and the BB 4h-Upper. 

ETH/USD enjoys support at $190 which is the convergence of the SMA 10-1h, the Fibonacci 38.2% one-day, and the SMA 10-4h.

Vitalik Buterin's brainchild has substantial support at $188 which is a minefield including the previous monthly high, the BB 15min-Lower, and the Fibonacci 23.6% one-day.

XRP/USD looks at $0.3267

Ripple managed to cross several hurdles but now faces another one at $0.3267 which is a cluster including the PP 1d-R1, the BB 1h-Upper, the PP 1w-R3, the Fibonacci 161.8% one-week, the previous 4h-high, and more. 

The next target is $0.3436 which is where the PP 1d-R2 and the Fibonacci 38.2% one-month converge.

XRP/USD has immediate support at the round number of $0.3200 which is the confluence of the SMA 200-15m, the SMA 50-1h, the previous 1h-low, the SMA 50-1d, the SMA 5-1h, and more.

The next substantial cushion is at $0.3045 where the Fibonacci 61.8% one-week, the BB 1d-Middle, and the previous daily low all meet up.

Author

Yohay Elam

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

More from Yohay Elam
Share:

Editor's Picks

Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

Crypto markets have remained under pressure so far in October, with Bitcoin sliding below $80,000 earlier this week before recovering to around $82,000 on Friday, as macroeconomic headwinds and cooling demand weigh on the market.

Ripple bulls build new support base amid RLUSD payments expansion

Ripple ticks up for the second day in a row on Friday, trading at $1.34. The remittance token holds above medium-term structural support; however, strong supply near $1.40 caps upside. A break above this area would reinforce the bullish grip.

Busy week for Ripple’s RLUSD: What changes for stablecoin holders?

Ripple’s RLUSD is gaining ground across institutional finance, with a major bank launching custody services, a new wallet integration making it easier for developers to build payments and agentic experiences on the network, and a brokerage platform planning to use the stablecoin for settlement.

Bitcoin Weekly Forecast: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin extends its correction this week, trading below $82,500 on Friday, as selling pressure continues. Hotter-than-expected US CPI and PPI data point to broader inflation pressures and persistent geopolitical uncertainty, weighing on risk sentiment.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.