Cryptocurrency Price Predictions: Bitcoin, ETH, and XRP Outlook

The cryptocurrency market is currently bearish with significant support levels being tested. Bitcoin recovers above $85,000 with potential for volatility, while Ethereum hovers around $1,600 with an uncertain future. XRP shows stable activity but remains below its ATH. Price predictions suggest Bitcoin might reach $90,000, Ethereum could target $1,800, and XRP may aim for $2.50 if bullish sentiment prevails.

The cryptocurrency market has recently shown a bearish trend as the top tokens struggle around vital support levels. Despite a 24-hour trading volume of $43.61 billion, the overall market capitalisation stands at $2.69 trillion. The fear and greed index is currently at 32/100, while the altcoin season index is at 18/100, indicating a delay in the anticipated altcoin season.

Currently, Bitcoin has reclaimed the $85,000 mark, although it exhibits signs of price volatility. The resistance remains significant as the altcoin market faces struggles in breaking key levels. This unresolved situation has led to uncertainty among traders, prompting numerous speculations.

Bitcoin is stabilising above the $85,000 threshold, with an intraday trading volume of $14.208 billion and a market capitalisation of $1.68 trillion, maintaining dominance over 63%. Despite market jitters, the community is optimistic about a bullish reversal in this quarter. The Moving Average Convergence Divergence (MACD) indicates a positive outlook for Bitcoin as the green histogram rises, anticipating a potential target of $90,000 next week, barring liquidation risks that may drop the price towards $78,500.

As for Ethereum (ETH), it hovers around $1,600 with an intraday trading volume of $6.89 billion. With a year-to-date correction of 51.63%, ETH’s dominance has decreased to 7.17%. The Simple Moving Average (SMA) suggests that buying pressure is increasing, and the MACD supports a bullish sentiment. If market conditions favour Ethereum, it could rise towards an immediate resistance of $1,800 and potentially reach $2000, whilst a downturn could see it fall to $1,500.

XRP also demonstrates stable price behaviour, closing the week with neutral sentiment. After a 14% decline over the past month, XRP maintains a market cap of $120.78 billion, trading at a 46% discount from its all-time high (ATH). Positive signals from the SMA and MACD suggest increasing bullish activity, with the hope of retesting significant levels. A sustained price above $2 could facilitate a rise to $2.50, whereas a downturn could lead it back to $1.75.