"Investors can take a look first at how the price of these 3 cryptocurrencies move."
At the end of last week the price of the king of cryptocurrency Bitcoin (BTC) finally managed to break through the level above $30,000 before shrinking back to $29,374 in the last 24 hours which registered a loss of 1.67%.
However, the price of BTC has the potential to surge higher as the digital asset is able to break through its strong resistance zone at $28,660 to $29,000, where it has been hovering at that level for the past two months.
Now, BTC is likely to shrink back to the $29,000 level first to rise by 12% to 13% to reach the next high of $32,266 or so.
While the second largest crypto Ethereum (ETH) on April 14 was found to jump high to reach the level of $21,000 after a long time its price fluctuated between $1,685 to $1,920 in March and April.
Even so, the price of ETH which is currently at $29,353 is expected to make a horizontal movement first or retest the $1,920 support zone to climb to $2,230.
However, if ETH continues to decline below $1,920 then the price of the digital asset is capable of slipping down to $1,696 or even lower at $1,318.
Meanwhile, Ripple (XRP) during this period is in horizontal momentum between $0.50 and $0.52 levels after successfully climbing past $0.58 at the end of March, where during the past two weeks it has always seen volatile movements.
XRP has the potential to reach $0.58 or even higher if the price can break through $0.53, but if the digital asset continues to decline then it could shrink back to $0.458.
