menu
techminis

A naukri.com initiative

google-web-stories
source image

Coinpedia

2w

read

382

img
dot

Image Credit: Coinpedia

Bitcoin, Ethereum and XRP Price Prediction: Will Interest Rate Decision Revive Buying Demand?

  • Bitcoin, Ethereum, and XRP experienced volatility last week, preventing a clear trend. However, potential pauses in the Federal Reserve rate hikes and easing geopolitical tensions could revive buying demand for cryptocurrencies.
  • Bitcoin bulls face resistance at the EMA20 trend line and $86.7K mark. Resistance break could lead to a move towards $93,000, while a sharp decline could bring the price to the support level at $79,974.
  • Ethereum faces rising volatility around the descending resistance line. Positive divergence and breaching the EMA50 trend line could see the price rise to $2,109 and potentially to the 50-day SMA at $2,530. Failure to hold at $2,109 would indicate bearish dominance.
  • XRP bounced off the $2 support level and broke above the EMA20 trend line. Potential breakout could lead to a climb to $2.65 and further to $2.97, while a sharp decline would revisit the critical $2 support.

Read Full Article

like

22 Likes

For uninterrupted reading, download the app