Home Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bulls take charge but RSI for all three hovers inside the overbought zone
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bulls take charge but RSI for all three hovers inside the overbought zone

  • ETH/USD is the only one in the top three to be trending inside the 20-day Bollinger Band.
  • Bitcoin’s Fear and Greed Index has moved from “Extreme Fear” to “Fear” following bullish price action.

Bitcoin, Ethereum, and Ripple took flight this Wednesday as bulls start consolidating their position pre-halving. So far, the bulls have remained in control and the price action of the coins look like this:

  • BTC/USD has gone up from $8,790.08 to $8,831
  • ETH/USD has gone up from $215.53 to $216.95.
  • XRP/USD has gone up from $0.2265 to $0.2280.

Bitcoin Fear and Greed Index

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Alternative.me’s fear and greed index shows that Bitcoin has moved from “Extreme Fear” to “Fear” and is currently around 44. This indicates that the price of BTC/USD is no longer extremely undervalued but has more upside potential.

ETH/BTC daily chart

ETH/BTC daily chart

ETH/BTC has had a bullish start to Thursday and is currently trending around the 0.02459 level and has found support on the SMA 20 curve. ETH/BTC had an extremely bearish Wednesday since BTC/USD outperformed ETH/USD over the day. On the upside, two resistance levels lie at 0.02486 and 0.02547. On the downside, ETH/BTC has two healthy support levels at 0.02455 and 0.02353. The MACD shows increasing bearish momentum.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD flew up from $7,771.19 to $8,790.08, going above several key psychological levels like $8,000, $8,250, $8,500 and $8,750 and the SMA 200 curve, in the process. The price has jumped above the 20-day Bollinger Band and will be aiming for the $9,156.35 and $9,539.89 resistance levels. On the downside, the price has healthy support levels at $8,623.55 and $8,218.65. The MACD indicates increasing bullish momentum, while the RSI is hovering inside the overbought zone.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bulls remained in control in the early hours of Thursday as the 20-day Bollinger has widened enough to bring back the price inside the Band. On the upside, there are two strong resistance levels to overcome at $225.45 and $247.20. On the downside, there are two healthy support levels at $196.65 and $183.22. The Elliott Oscillator has had six straight green sessions, while the RSI is hovering at the edge of the overbought zone.

XRP/USD daily chart

XRP/USD daily chart

XRP/USD is trading around $0.228 and has found resistance at the SMA 200 curve and is hovering above the 20-day Bollinger Band. If the bulls cross above the SMA 200, there are two resistance levels to overcome at $0.235 and $0.2453. On the downside, the price has two healthy support levels at $0.224 and $0.212. The RSI is inside the overbought zone.
 

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