Bitcoin (BTC), Ethereum (ETH) & XRP Price Movement Overview - Kakiforex | Forex markets for the smart money. Bitcoin (BTC), Ethereum (ETH) & XRP Price Movement Overview Bitcoin (BTC), Ethereum (ETH) & XRP Price Movement Overview

April 9, 2021

Bitcoin (BTC), Ethereum (ETH) & XRP Price Movement Overview

 Bitcoin (BTC), Ethereum (ETH) and XRP are in consolidation. At the same time, these three cryptocurrencies are expected to make a leap, thus surpassing the latest all-time highs (ATH).


BITCOIN


After successfully creating an ATH record in mid -March with a value of $ 62,000, the movement of this crypto king is seen as not exciting.


Based on Bitcoin’s movement at the time of writing, its price is expected to decline before the latest breakout occurs.


If the BTC price closes above $ 59,290, a 14.90% jump is expected to take place towards the 141.1% or 161.8% Fibonacci retracement level.


Support levels: $ 54,570 and $ 52,960

Resistance levels: $ 67,450 and $ 70,330

ETHEREUM



As of March 31, the cryptocurrency hit its latest ATH record at $ 2,160, up nearly 16%.


Based on the analysis, ETH has the potential to jump another 18% from its latest high towards the retracement level of 141.1% or 161.8%.


If Ethereum is able to break the $ 2,050 resistance, the currency movement is able to hit the bullish targets at $ 2,480 and $ 2,720. But if that fails, ETH will continue to decline to $ 1,860.


XRP


XRP shocked the crypto industry when it managed to break through the $ 1 level. However, after the latest surge, XRP is in consolidation.


The results of the analysis show that XRP should be above the 61.8% Fibonacci retracement level at $ 0.80, making the resistance levels around $ 1.36 and $ 1.50.


If XRP fails to do so, the support levels are at $ 0.73 and $ 0.66.