Cryptocurrencies Price Prediction: Bitcoin Cash, Ethereum & Ripple – European Wrap 13 April
Bitcoin Cash Price: BCH/USD bulls strongly defend the 23.6% Fibo support
Bitcoin Cash is in the red on Easter Monday after sellers cut short last week’s momentum towards $300. A new April high was established at $281 and unfortunately marked the end of the halving rally. After the halving, Bitcoin Cash retreated under $250 support. Meanwhile, the price is trading at $226 and holding on to the support by the 23.6% Fibonacci retracement taken between the last swing high at $498.93 to a swing low at $136.71.
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Ethereum Price Analysis: Bitfinex users are buying ETH, the rest are selling
At the time of writing, Ethereum (ETH) is changing hands at $153.00, down 2.5% on a day-to-day basis and 3.5% since the beginning Monday. The second-largest coin with the current market value of $16.9 billion has recovered from the intraday low of $149.84, however, the further upside seems to be limited at this stage.
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Ripple Price Analysis: XRP/USD breaks below upside trendline
Ripple is the third-largest digital asset with the current market value of $8 billion and an average daily trading volume of $2.3 billion. At the time of writing, XRP/USD is changing hands at $0.1840, down 3% on a day-to-day basis and 3% since the beginning of the day. The coin is moving in sync with the market, which is controlled by short-term bearish sentiments.
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Author
FXStreet Team
FXStreet
