• Bitcoin (BTC) attempted a mild 2% recovery after losing 7% of its value.
• Ethereum’s Ether (ETH) is unlikely to see any substantial uptrend before the week ends.
• XRP coin price gained 6%, reaching a 17-month high due to Ripple’s win in its lawsuit against the SEC.
Bitcoin Price Prediction
Bitcoin (BTC) attempted a mild 2% recovery after losing 7% of its value, however it is unlikely to close the New York session above the $30,000 line. The MACD oscillator and RSI indicators are bearish, predicting more losses ahead, with $29,000 being a likely target before the week’s end on July 23.
Ether Price Prediction
Ethereum’s Ether (ETH) reached over $1,910 on July 20th following a 1% upward correction. However, ETH slipped below its EMA-20 and several bearish technicals suggest that it might not see any substantial uptrend before the week is through. The RSI indicator has been consistently printing lower highs since Jan 2023 which means ETH may retest or even breach support at $1,860 by the end of the week.
XRP Price Prediction
XRP coin price gained 6%, reaching a 17-month high due to Ripple’s win in its lawsuit against the SEC. The token has experienced an explosive 75%-plus surge since July 13th and if trading volume decline continues then XRP may retest resistance at $0.81 by the end of this week.
Crypto sector picked up 1% on July 20 following Bitcoin’s move above $30k and XRP’s explosive rally but several altcoins are still facing bearish predictions for this week with Bitcoin being unlikely to close above $30k and Ethereum possibly breaching support at $1,860 by Friday night while XRP may retest resistance at 0.81$.
This article should not be used as investment advice and does not constitute financial advice or any other professional advice from CoinChapter Inc.‘