The post Bitcoin, ETH ($3,256.72), XRP ($3.13) Price Prediction: Is there a bullish week ahead? appeared first on Coinpedia Fintech News
Bitcoin price has managed to maintain its value above $100,000 amid rising bullish sentiment in the cryptocurrency market. However, top altcoins such as Ethereum and XRP have recorded bearish movements during this period, highlighting the mixed activity in the cryptocurrency space.
Is now the right time to invest in these crypto tokens given the current market sentiment? CoinPedia’s expert panel discusses Bitcoin (BTC ($102,969.55)), Ethereum (ETH), and revealed the potential of Ripple (XRP) price analysis.
Bitcoin (BTC)
Bitcoin price today remains above $100,000, with a ~1.5% increase in valuation. Moreover, this digital asset has a market capitalization of $2.043 trillion and a market power of 57.09%, indicating strong bullish sentiment.
BTC price analysis 18-1-25
The Moving Average Convergence Divergence (MACD) shows a rising green histogram on the Bitcoin price chart. Moreover, the largest crypto token by market capitalization is likely to continue gaining momentum as its average is experiencing a bullish convergence.
Assuming the bulls keep Bitcoin’s price above $100,000, this could result in Bitcoin heading towards this month’s all-time high of $108,000. On the other hand, a bearish reversal could push the price below $98,000 this month.
Do you want to know about the long-term price trend of the BTC crypto token? Read our Bitcoin price prediction and solve the possible mysteries!
Ethereum (ETH)
Despite increasing bullish price action in the market, Ethereum price recorded a 1.58% correction in valuation, with intraday trading volume reaching $29.655 billion. Moreover, it erases all gains from recent price increases, indicating heightened uncertainty.
ETH price analysis 18-1-25
The Relative Strength Index (RSI) continues to hover around the neutral point. Additionally, the average trendline is on its way to experiencing a bearish crossover. Ethereum price is hinting at mixed price sentiment as the 50-day EMA is acting as a strong resistance level.
If the price sustains above the key support level, the ETH price could retest the $3,700 ceiling. On the other hand, if the bearish mood strengthens, the price could fall sharply towards this month’s decisive low of $3,000.
If you want to know if ETH price will reach $5000 this altcoin season, read CoinPedia’s Ethereum price prediction.
Ripple (XRP)
Ripple price fell by 5.57% in 24 hours, with a trading volume of $13.991 billion. On the other hand, this year it rose by 51.57%. This brought the altcoin back to the $3 level for the first time in seven years, highlighting increasing long-term bullish behavior.
XRP price analysis 18-1-25
The Simple Moving Average (SMA) has always supported the Ripple price chart on the daily time frame. This suggests a strong bullish influence for altcoins in the cryptocurrency space. Additionally, the MACD indicator is showing positive movement, highlighting that the altcoin is likely to continue gaining value.
If this bullish momentum continues, the XRP coin price could head towards this month’s resistance level at $3.50. However, if the bears outperform the bulls, Ripple price could plummet towards the lower support trend line at $2.50.
Want to know if Ripple price will reach $5? Read our XRP price prediction to understand the long-term potential!
FAQ
Why is the price of Bitcoin rising?
The crypto market has experienced a significant uptrend in the past few hours amid increasing bullish activity.
How much will 1 Bitcoin be worth in 2030?
Web3 and increasing adoption of cryptocurrencies could push the price of Bitcoin above the $600,000 level by 2030. In an optimistic outlook, the price could exceed the $1 million level.
Why is ETH price falling?
Despite increasing bullish action, Ethereum price has experienced a bearish setback, resulting in the price hovering around the $3.3,000 level.
Can XRP reach $1000?
For Ripple price to reach the target price of $1000, the valuation would need to skyrocket by 31,783.3%.
