Top 3 Price Prediction Bitcoin, Ethereum, Ripple: the Crypto market consolidates

• Bitcoin bounced off the support at $ 14,500 but failed to break out of the $ 15,500 barrier.
• Ethereum’s recovery from $ 420 reached a barrier at $ 460 before the consolidation above $ 450 took over.
• Ripple price movements are limited within the Bollinger Bands as sideways price action awaits the explosion.

The cryptocurrency market was relatively slow over the weekend for most digital assets. However, some select altcoins such as Aave supported the uptrend, as previously reported by FXStreet. Bitcoin is also back from the confirmed support at $ 14,500.

On the other hand, Ethereum held the support at $ 450 while Ripple remained above $ 0.25. The rest of the market remained fairly stable even at the start of the new trading week. Consolidation is likely to dominate as long as volatility remains reasonably unchanged.

Bitcoin brings stability to the market

After an impressive week, in which BTC hit a new annual high, activity has slowed over the past two days. The flagship cryptocurrency is dancing at $ 15,409 after the recovery hit a wall at $ 15,500.

A reversal looks imminent, as the Relative Strength Index (RSI) shows. However, the low trading volume suggests that price movement will be limited in the short term. In the event that bears gain momentum and push Bitcoin lower, support is expected at 50 Simple Moving Average over 4 hours. Extended losses of less than $ 14,000 will try to anchor the 100 SMA, while 200 SMA will prevent it from plummeting to $ 12,000.

BTC / USD 4-hour chart

Bollinger Bands applied to the same chart illustrate a possible breakout in the coming sessions. The constriction that is starting to form suggests that volatility will decrease significantly before increasing. If the price stays above the middle Bollinger Band limit, the price is likely to rise to trade in new annual highs above $ 16,000.

BTC / USD 4-hour chart

Ethereum firmly holds crucial support

Ethereum touched $ 450 as it continued with last week’s breakout in the early hours of Saturday 7. However, the bears jumped into action and forced Ethereum to support at $ 420. The tug-of-war continued with the bulls pulling out. raised the smart contract token to $ 460 before settling above $ 450.

At the time of writing, Ether is dancing at $ 451 amid subtle developing bearish momentum. Despite the bearish outlook, consolidation is likely to take precedence. The sideways price action was also highlighted by the Moving Average Convergence Divergence (MACD) as it sits slightly above the midline.

ETH / USD 4-hour chart

A symmetrical triangle pattern indicates a possible breakdown. In the event of a reversal above the pattern, ETH / USD could resume the uptrend by looking at $ 490 and $ 500 respectively.

On the other hand, price action below the triangle could lead to losses that will upgrade buyer congestion to $ 420 and $ 400. It is worth noting that the cryptoasset is still in the hands of the bulls due to the reason. gold cross formed by the crossing of 50 SMA above 100 SMA.

Ripple consolidates before the breakout

Ripple holds the support firmly at $ 0.25 after encountering sharp resistance at $ 0.26. The selling pressure came from the 100 SMA in combination with the upper limit of the Bollinger band. However, the immediate downside of XRP is protected by the central curve of the Bollinger Bands.

Furthermore, the RSI confirms ongoing side trade by holding steadily above the midline. If buyers regain control of the price and exceed $ 0.26, XRP could begin the final journey towards $ 0.3. On the downside, the 50 SMA adds weight to immediate support; therefore it is doubtful that a breakdown to $ 0.22 will occur.

XRP / USD 4-hour chart

On the other hand, dips will come into play if the 50 SMA support is broken. Buyer congestion at $ 0.24 may not be strong enough to prevent XRP from plummeting further. Therefore, the most important support is $ 0.23, while the disastrous losses will try to rebound to $ 0.23.