The cryptocurrency market starts a new week on relatively stable ground. Total market capitalization increased by 1.10%, while trading volume surged by 15.94%. Let's look at the key price predictions for the three main cryptocurrencies: Bitcoin, Ethereum, and Ripple.
Bitcoin Price Prediction
Currently, Bitcoin is trading at $107,113, with a 1.02% increase in the last 24 hours. The price is in a narrow consolidation pattern just below its recent swing high. A breakout above the $107,000 resistance could lead to a surge toward $110,000. Conversely, if selling pressure intensifies below $105,000, a decline to the $102,800 support level could follow.
Ethereum Price Prediction
Ethereum has outperformed Bitcoin this week, rising by 3.33% to trade at $2,627, supported by significant ETF inflows and a 40% increase in trading volume. A break above $2,633 could trigger a rally towards $2,750–$2,800. However, if Ethereum fails to maintain above the $2,550 level, a retracement to $2,450 is expected.
Ripple (XRP) Price Prediction
Today, XRP is trading at $2.18, up 1.60% but still below its 50-day SMA of $2.28, indicating short-term caution. The token is above the 200-day SMA of $1.91, reinforcing longer-term strength. Immediate resistance lies at $2.45, and a weekly close above that could reignite hopes for a rally toward the psychological level of $3.
The cryptocurrency market demonstrates signs of activity, influenced by various factors including institutional inflows and specific events that affect the price dynamics of Bitcoin, Ethereum, and XRP. Traders are focused on potential breakouts and significant court rulings that could alter current trends.
