Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins due for massive gains as BTC holds its ground - Aliens: AI Crypto News & Markets Updates
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins due for massive gains as BTC holds its ground

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FX Street

Mon, Jan 17, 2022

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Bitcoin price rejuvenates its uptrend as it bounces off a 4-hour demand zone, extending from $41,843 to $42,707.

Ripple price revisits the demand zone, ranging from $0.694 to $0.753, as bulls fail to kick-start a rally.

As BTC bounces off a 4-hour demand zone, extending from $41,843 to $42,707, investors can expect the pioneer crypto to make a run for the previous week’s high at $47,609.

BTC/USD 4-hour chart If Bitcoin price fails to see a bullish reaction off of the $41,843 to $42,707 demand zone, it will indicate weakness among buyers.

Ethereum price is in a similar situation to Bitcoin as it produced a higher low but failed to set up a higher high.

Clearing this hurdle will open the path for Ethereum price to revisit the daily supply zone, extending from $3,675 to $3,846.

ETH/USD 4-hour chart Regardless of the optimistic scenario, Ethereum price needs to hold above the weekly support level at $3,061 to see a meaningful uptrend.

A four-hour candlestick close below the demand zone’s lower limit at $2,927, however, will create a lower low, invalidating the bullish thesis.

Ripple price has been teetering on a daily demand zone, stretching from $0.693 to $0.753 since the December 4, 2021 crash.

Due to its correlation with BTC, however, XRP price is likely to rally 12% to retest the 50-day SMA at $0.844.

In some cases, Ripple price could overcome the immediate hurdle and make a run for the 200-day SMA at $0.954.

XRP/USD 1-day chart On the other hand, if Ripple price produces a daily candlestick close below $0.693, it will create a lower low, invalidating the bullish thesis.

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.

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