Top 3 Price Prediction Bitcoin, Ethereum, Ripple: It’s Crypto Season!


Urgent Update!

This bullish thesis is near invalidation. Please consider being aware of the alternative bearish scenario as markets are showing increased volatility.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Being Wrong Is Healthy, Staying Wrong Is Deadly!

tm/btc/7/13/22

BTC/USDT 1-Day Chart

 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: It’s Crypto Season!

  • Bitcoin price invalidates the bearish scenario and is poised to rally higher.
  • Ethereum price continues to validate last week’s bullish trade setup.
  • Ripple price faces rejection at mid $0.35 barrier.

The Cryptocurrency market displays pivotal retaliation. Investors should prepare for an influx of volatility set to bringforth a bullish trading environment.

Bitcoin price shows strength

Bitcoin price shows optimistic signals of a bullish trading environment to end the first week of July. It was noted on July 6 that the symmetrical triangle, which has coiled around the BTC price since mid-June, could break upwards and create a 30% rally targeting $27,000. On July 8, the bulls successfully breached the bearish invalidation level at $21,868. Bitcoin price now consolidates just below the 200-Week Moving Average (WMA) as traders anticipate an imminent breach.

Bitcoin price is currently valued at $21,665. The peer-to-peer digital currency token should begin to rally impulsively towards the mid-$25,000 levels if it can break through the 200-WMA. The Volume Profile Indicator confounds the idea of an upcoming bullrun as a classical ramping pattern has been established on the 3-hour chart. Key targets to aim for are $25,750 and $27,125.

Traders looking to enter the market should keep their Invalidation below $18,595. If the $18,595 level is breached, the BTC price could decline as low as $14,300, resulting in a 33% decrease from the current price.

tm/btc/7/08/22

BTC/USDT 3-Hour Chart

Ethereum price is in profit

Ethereum price continues to move higher as the decentralized smart contract token has just breached the 200-Week Moving Average (WMA). Traders participating in July 4’s bullish trade setup have already witnessed a 14% increase in value. If you are amongst those buyers, you can consider moving your profitable positions to break even at $1,122. If market conditions are genuinely bullish, the ETH price should propel upwards from the breached 200-week moving average that it currently hovers above. 

Ethereum price targets $1,400 and potentially $1,5550 in the short term. The increasing slope of the newfound trendline confounds the idea of a strong bull rally underway. Still, the safest Invalidation of the uptrend remains at $978 for traders looking to open a new position. If $978 is breached, expect further declines into $750, resulting in a 38% decrease from the current Ethereum price. 

tm/eth/7/8/22

ETH/USDT 3-Hour Chart

Ripple’s XRP price faces turbulence

Ripple’s XRP price has been rejected at the $0.35 level, which could result in more congestion in the coming days. The digital remittance token currently trades at $0.33 as the bears are taking full advantage of the profit-taking consolidation. XRP price has support at the $0.31 level from the 8-day moving average and an ascending trend line that has provided support between June 30 and July 5.

Ripple price could continue to rally higher as Bitcoin certainly shows promising technicals. However, placing entries too soon is ill-advised. A breach above the $0.35 level could be the signal to look for. The bullish target lies in the $0.39 vicinity. Ultimately the bullish invalidation point must be $0.31. If the bears breach this level, consider the uptrend scenario void. The bears could force a decline as low as $0.20, resulting in a 40% decline from the current XRP price. 

tm/xrp/7/8/22

XRP/USDT 3-Hour Chart

 

 


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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak

Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak

Bitcoin price has been consolidating between $94,000 and $100,000 since early February. US Bitcoin spot ETF data recorded a total net outflow of $489.60 million until Thursday.

More Bitcoin News
Sonic (prev. FTM) rallies as TVL hits record high and market capitalization surpasses $3.1 billion

Sonic (prev. FTM) rallies as TVL hits record high and market capitalization surpasses $3.1 billion

Sonic (S), previous Fantom (FTM), rallies over 20% in the last 24 hours and trades around $0.90 at the time of writing on Friday after rising almost 64% this week. The migration of FTM to S token at a 1:1 ratio was completed on January 17. 

More Cryptocurrencies News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloat

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloat

Bitcoin price has been consolidating between $94,000 and $100,000 since early February; this consolidation phase could soon end. Ethereum price shows signs of strength while Ripple price fights to stay afloat.

More Cryptocurrencies News
Crypto Today: BTC tops $98K on US-Russia diplomacy, while NEAR and Bittensor lead AI tokens’ $30B rally

Crypto Today: BTC tops $98K on US-Russia diplomacy, while NEAR and Bittensor lead AI tokens’ $30B rally

The global crypto market rose 3% on Thursday, adding $45 billion to reach an aggregate market cap of $3.2 trillion. The crypto AI sector witnessed a 15% rally, with Bittensor (TAO) and NEAR emerging as top performers on the day. 

More Cryptocurrencies News
Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP