Top 3 Price Prediction Bitcoin, Ethereum, Ripple: XRP to outperform BTC and ETH – FXStreet

Jonathan Morgan Jonathan Morgan

Bitcoin price is now trading at the same levels that preceded the -50% corrective move from May 12th to June 22nd. Ethereum price is currently forming one of the most sought-after bullish candlestick patterns, the bullish engulfing candlesticks pattern, while also attempting to complete an Ideal Bullish Ichimoku Breakout entry. XRP price, finally, is in a position to catch up to its peers' performance and experience its first major bullish breakout since March.
Bitcoin price continues its rally that began with the significant bullish breakout above the Cloud on October 4th. Since the beginning of October, Bitcoin has gained 30%. In addition to the significant rally, it has nullified all recent hidden bearish divergences, confirming a sustained move. New all-time highs are very likely if the momentum continues.

BTC/USD Daily Ichimoku Chart
There may be a pause in the really around October 20th when the next Kumo Twist rears its ugly head. If Bitcoin continues to push higher with the same momentum near the October 20th date, then Bitcoin price could experience a swift corrective move and a return to the Tenkan-Sen or Kijun-Sen – roughly a -15% to -33% drop. But that pullback will likely be a regular and fast corrective move. Near-term support is the Tenkan-Sen at $52,000.
Ethereum price currently shows a rare and overwhelmingly bullish breakout setup. First, the Ideal Bullish Ichimoku Breakout entry is complete and confirmed if Ethereum can close the daily candlestick at or above $3,580. Second, the candlestick pattern itself, a bullish engulfing candlestick, is one of the strongest bullish candlesticks in Japanese analysis. It's rare even to have these two conditions play out simultaneously, and it should represent the beginning of an explosive move higher over the next couple of trade days.

ETH/USD Daily Ichimoku Chart
Bulls must avoid tunnel vision, however. As bullish as Ethereum price action is, the current condition would be the perfect bull trap. The Relative Strength Index remains in a position that provides substantial weight to any downside pressure. Buyers must confirm the breakout and sustain it to eliminate any remaining bearish warning signals.
XRP price has undoubtedly been the laggard of the three cryptocurrencies discussed in this article. Bitcoin was the first rally, now Ethereum is poised to be next, and finally, XRP may have its day. There remains only one more condition on the daily Ichimoku chart for XRP to confirm an Ideal Bullish Ichimoku Breakout entry, which is close above the Cloud ($1.19). From there, XRP would be well-positioned to push to new three-year highs in the $2.50 to $3.00 value areas.

XRP/USD Daily Ichimoku Analysis
XRP bulls should watch for any intense weakness that could occur, specifically any daily close below $0.93. A close at or below $0.93 would position the Chikou Span and the current close below the Cloud and create the inverse of the Ideal Bullish Ichimoku Breakout – the Ideal Bearish Ichimoku Breakout. Sub $0.50 price levels would be very likely if that were to occur.

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Bitcoin price has shown incredible resilience after its massive crash in the second week of June. Since then BTC has produced considerable gains over the past week and the start of a new week brings the promise of even higher returns.
Cardano price seems to be preparing for massive gains as Vasil hard fork takes one step closer to becoming a reality. In a recent Twitter thread, IOHK, the developers behind Cardano announced the launch of Cardano node 1.35.0 on June 25.
SafeMoon (SFM) price looks promising today for a pop higher and a test of the technical moving average at around $0.000600000. With the current soft patch in global markets, tail risks are still very much present and could flare up at any moment.
Brad Garlinghouse, CEO of Ripple, has affirmed a move outside the US if the payment giant loses the SEC vs. Ripple lawsuit. Ripple has been embroiled in a legal battle, defending its sale of XRP and the altcoin's position as a non-security since December 2020.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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