End Of The Week Prediction: BTC, ETH & XRP

The crypto world has seen serious ups and downs over the last 14 days. Several factors have propelled these ups and downs. However, the revised tariff plan by newly re-elected Donald Trump has been the major catalyst. The news of the updated tariff plan spread like wildfire and managed to grab everyone’s attention. Experts predicted that a trade war was ahead, leading to a major liquidation drive. As a result, every crypto token suffered some serious decline. 

Even though the market has recovered and is still recovering, there is still a long way to go. BTC experienced an all-time high of $108,000 and fell close to the $92,000 mark. Subsequently, altcoins like ETH and Ripple experienced upto 13% loss in their valuation. However, it is holding its weight for now. Here is a detailed rundown of what next week might be like. 

BTC: $94,000 to $10,000 

BTC fell from the 100,000 USD mark on February 4th.  As of now, the price of the token stands at $96,000, with mild chances of weekend bullish movement. If BTC manages to go beyond the $100,000 mark, it could head straight for the $106,000 mark. This might prove great for investors. However, the RSI of BTC is currently at 44. This is lower than last week, which was at 50. This shows some bearish movement. Therefore, the chances of BTC breaking the $100K mark might not be plausible. While the chances are low if BVTC falls below the $94K mark, it can head straight for the $90K mark. Therefore, this weekend weekend and the first part of next week are very important for BTC. 

ETH: $2,500 To $3,000 

Like BTC, ETH also Faced some significant dips in the last week. As stated earlier, these dips were mostly due to a chain effect and macroeconomic developments. ETH was seen dipping at the beginning of the month, and the valuation dropped from the $3000 mark by 13.87%. However, the previous week was better for ETH as it also showed some recovery momentum of 9%. Additionally, the coin recovered by 3%. As a result, the price of ETH is currently at $2,690. There has been a gradual recovery of RSI from 30 to 38. However, the optimal RSI for a coin is 50, indicating that it is neither oversold nor overbought. Still, the recovery rate seems good, and the chances of ETH breaking the $3k mark seem plausible. 

XRP: $2.5 to $2.72 

XRP has shown some positive trends in the last week. However, the start of the month was rough. XRP prices declined by 10.35%, closing below their support at $2.72. Moreover, XRP declined by 11.38% in the week after. However, the needle is moving towards a positive as the prices have recovered 7%. As of now, the coin’s price is hovering near $2.55. If the bullish momentum sustains, the coin might break its support level of $2.72. The current RSI of the coin is 46, which shows favourable conditions for the token. Follow for more crypto news.