Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto Markets Bleed in Preparation for Massive Bull Rally

[pvc_stats postid="" increase="1" show_views_today="0"]
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto Markets Bleed in Preparation for Massive Bull Rallya

By Crypto Global News

  • Bitcoin price is correcting toward the demand zone stretching from $30,573 to $31,979.
  • Ethereum price broke out of the rising wedge and is likely to find support between $2,041 to $2,106.
  • Ripple price is likely to reverse its downtrend at $0.596 or $0.581 before surging 30% to tag $0.785.

Bitcoin price rejection at the midpoint of the range has led to a slow downtrend gathering steam as of this writing. If this persists, BTC is likely to drop until it finds stable ground to kick-start another uptrend.

Ethereum, Ripple and other altcoins are likely to follow suit.

Bitcoin price sets the stage for massive run-up

Bitcoin price has set up three distinctive lower highs since June 29, indicating waning buying pressure. Moreover, BTC is hovering below the July 5 swing low at $33,125. A decisive 4-hour candlestick close would further confirm the downtrend.

If the sell-off continues, the flagship cryptocurrency will likely dip into the demand zone extending from $30,573 to $31,979. This area will serve as a foothold for reversal that could potentially catapult BTC beyond the midpoint at $35,618 in an attempt to tag the range high at $42,451.

BTC/USDT 4-hour chart

BTC/USDT 4-hour chart

While the upside seems plausible, investors need to note that a breakdown of the $31,000 support level will inflict severe wounds on bulls. However, a decisive 4-hour candlestick close below $30,000 will invalidate the bullish thesis and trigger a potential sell-off to $28,786.

Ethereum price kick-starts its descent

Ethereum price broke out of the rising wedge pattern and has dropped roughly 6% over the past eight hours. While the bearish setup forecasts a 16% downswing to $1,909, the correction might find solace in the support zone that runs from $2,041 to $2,106.

Regardless of where the bulls rescue ETH, the potential upside targets include $2,460 and $2,640. If the bid orders continue to increase beyond this point, the bullish momentum will likely trigger an upswing pushing Ethereum price by 42% to tag the range high at $2,992.

ETH/USDT 4-hour chart

ETH/USDT 4-hour chart

On the other hand, Ethereum price needs to stay above the demand zone’s range low at $2,041. Breaching this level might push ETH down to $1,909.

A breakdown of this barrier with the buyers unable to reclaim it would invalidate the bullish thesis and likely spark a 9% crash to $1,729.

Ripple price crumbles to be reborn

Ripple price rejection at $0.68 has triggered a 7% correction that has pushed it below the 50% Fibonacci retracement level at $0.647.

XRP price hovers above the support level at $0.624, and investors can expect it to be breached. Ripple could find stable ground at $0.596 or $0.581, which could serve as a reversal point. In case the buyers come to the rescue, XRP price will kick-start its ascent.

The first major barrier that the bulls will face is the midpoint at $0.647. If the bullish momentum manages to breach through this, Ripple will enter the high probability reversal zone, ranging from $0.680 to $0.727

If the bid orders continue to pile up after a breach of $0.727, XRP price will have a high chance of retesting the range high at $0.785.

XRP/USDT 4-hour chart

XRP/USDT 4-hour chart

On the one hand, XRP price could bounce from $0.596 or $0.581 and kick-start an uptrend that could face rejection by the reversal zone due to early profit booking from investors, leading to a pullback.

On the other hand, if the bears produce a decisive 4-hour candlestick close below $0.568, it will invalidate the bullish thesis.

In such a case, Ripple might slide 10% to tag the range low at $0.509.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Join www.truthbook.social our new social media platform backed by Independent Media. where you can speak the truth, and not be banned. Plus you'll receive $50 USD in www.truthcoin.social,the crypto currency backing the project, when you join, plus a lot more for sharing posts. www.truthbook.social

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Truthcoin Offer

$1000 USD turns into Now $7500 Truthcoin
$2,500 USD turns into Now $25,000 Truthcoin
$5000 USD turns into Now $65,000 Truthcoin
$10,000 USD turns into Now $150,000 Truthcoin
$15,000 USD turns into Now $250,000 Truthcoin
$50,000 USD turns into Now $1.15 Million Truthcoin
$100,000 USD turns into Now $2.5 Million Truthcoin

Leave a Reply

Your email address will not be published.

Jamie McIntyre
TruthBook.social Videos

McIntyre Report
Political Talk Show

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Kylie Bartlett show

Craig Schulze Show

WHY WE NEED TO START SAYING NO TO GAIN OUR SELF RESPECT

Play Video

Raw Report

Ryan Jackson Saw show

Hero Nurse Exposes Government Policies Leading to Elder Abuse

ANR Conversations with Wayne Crouch and Lisa Johnston with special guest Jamie Mcintyre Founder and chief editor of Australian National Review -Part 2

Top 10 Crypto

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

Truthbook.Social

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.19 on Coinsbit

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Enter email to receive ANR News articles, 2 free e-books, plus the Global Health Organisation Report

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY