Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 17 Nov
|Bitcoin Price Analysis: BTC uptrend eyes 2018 top despite overbought RSI
BTC/USD drops to 16,759 during early Tuesday. Even so, the Crypto major prints 0.18% intraday gains while nearing the highest levels since January 2018, flashed last week. Although overbought RSI conditions on the weekly chart suggest the pair’s corrective pullback towards Friday’s high near 16,490, any further declines are less likely.
XRP price explodes over 12%, but some technical indicators spell trouble
XRP had a notable breakout on November 13 from the ascending triangle pattern formed on the daily chart. The initial price target is $0.30; however, the digital asset could be looking for a pullback first. Several indicators show XRP could be on the verge of a correction in the short-term.
Ethereum price aims for $520 if bulls can crack this critical resistance level
Ethereum is currently trading at $461, bounded inside an ascending parallel channel on the hourly chart. The digital asset looks poised to test the upper trendline at $485. A breakout above this point can quickly drive Ethereum price towards $520.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.