Top 3 Bitcoin, Ethereum, Ripple Price Predictions: Cryptocurrency Markets Turn Green As BTC Walks $25,000

  • Bitcoin price is ready to move to $25,000 after breaking above the 200-week SMA.
  • Ethereum price is waiting for capital turnover to move to the $1,700 and $2,000 thresholds.
  • Ripple price is showing its strength and rallying alongside big crypto traders.

Bitcoin price is making a significant move with a few select altcoins, including Ripple price. However, Ethereum price seems to have taken a step back and shows no signs of moving, at least for now.

Bitcoin price is the most bullish of the bunch

Bitcoin price did the impossible, it tipped the 200-week simple moving average (SMA) at $22,631 into a support level produced in a daily luster just above. This development is a bullish trigger and has caused many investors to pivot their capital from altcoins to BTC.

As a result, only big crypto and a few select altcoins are rallying. The most likely target for traders would be to retest the midpoint at $25,000. This level is where a local top could form for the Bitcoin price.

BTC/USD 4 hour chart

If the price of Bitcoin produces a near daily luster below $22,631, it will indicate weakness among the buyers. However, a four-hour luster close below $21,670 will tip the range towards a resistance level and invalidate the bullish thesis.

Ethereum price struggles but remains optimistic

Ethereum price swept past the $1,284 hurdle and is currently struggling with the $1,543 resistance barrier. Although ETH has turned this last level into a support floor, it lacks bullish momentum to prevent a surge.

Therefore, patient investors will likely be rewarded when capital shifts from BTC to ETH. In such a case, market participants can expect the Ethereum price to return to the $1,700 level afterwards. Under specific circumstances, the smart contract token might even revisit the psychological level of $2,000.

ETH/USD 4 hour chart

ETH/USD 4 hour chart

Regardless of the bullish optimism, if Ethereum price fails to stay above the $1,543 level, it will ruin the positive outlook. In such an event, ETH might revisit the $1,284 level, but at that time buyers will have another attempt to push ETH higher.

Ripple price ready for more gains

Ripple price bounced off the falling trend line at $0.353 and sparked a rally. This trend is likely to reach the top of the range at $0.387 if the momentum continues to build.

Investors can expect an extension of the uptrend if XRP price manages to topple the $0.387 hurdle. In such a case, Ripple price might revisit the $0.439 resistance barrier.

XRP/USD 4 hour chart

XRP/USD 4 hour chart

As things look up for Ripple price, a rejection at $0.387 is still a likely outcome, especially if the markets cool down. However, if this rejection produces a four-hour luster below $0.336, it will invalidate the bullish thesis.

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