The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Top Cryptos

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto’s Summertime Sadness Pt.2

Share on FacebookShare on Twitter


  • Bitcoin rejected from $20,000 to end the month of June. 
  • Ethereum price tests a critical support level.
  • Ripple price loses the battle as bears aim for $0.29.

The cryptocurrency market continues to fester with pessimism. If market conditions persist, the summer of 2022 will yield a fruitless crop.

Bitcoin price signals scary times

Bitcoin price trades at $19,350 at the time of writing. The bears showed up towards the final days of June with enough strength to produce a monthly close below the psychological $20,000 level at $19,942. The monthly close is now the second-largest bearish candlestick since May 2021. This unfortunate piece of evidence bears the necessity to consider lower targets for the Bitcoin price in the coming months. $18,750 and $17,300 will be key levels to keep an eye on. 

Invalidation of the bearish downtrend relies upon a breach above $23,500. If the bulls can hurdle the mid $23,000 barrier, they may be able to reconquer the trend and rally toward $31,000, resulting in a 60% increase from the current Bitcoin price.

tm/btc/7/1/22

BTC/USDT 1-Month Chart

Ethereum price tests final support

Ethereum price trades at $1,047 at the time of writing. A Fibonacci retracement tool surrounding June’s low and high ($881 – $1,233) suggests that the ETH price has lost 50% of profits accrued. If the bulls cannot produce a rally from the current price levels, the bears will reconquer the trend aiming for the June 18 swing low at $890 and potentially $700 to shake knife catchers out of the market. It is worth noting that a death cross is underway as the 21-day moving average is plummeting into the notorious 200-week moving average. The collision of these key moving averages confounds the market’s sentiment as a whole as the Crypto Fear and Greed Index revisits historical levels.  

Invalidation of the bearish trend remains a breach above $1,284. If the bulls can take out this level, they may be able to rally as high as $2,100, resulting in a 100% increase from the current Ethereum price.

tm/eth/7/1/22
ETH/USDT 4-Hour Chart

Ripple’s XRP price loses bullish grounds

XRP price shows unsustainability as June was a highly volatile news-correlated market. The technicals suggest the hype is over as the bears have confidently breached through the 50% and 61.8% Fibonacci Retracement levels (surrounding June’s monthly low at $0.28 and a monthly high of $0.38).

XRP price looks to aim for the $0.28 swing lows in the shorterm. However, a $0.20 Ripple price has long been forecasted at FXStreet. Investors should consider a liquidation into the $0.20 vicinity as the second probable target. 

Invalidation of the bearish downtrend is a breach above $0.39.

The next attempt at this $0.39 barrier could trigger a bull rally towards $0.51, resulting in a 63% increase from the current XRP price.

tm/xrp/7/01/22
XRP/USDT 4-Hour Chart

 



Read More:Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto’s Summertime Sadness Pt.2

Tags: BitcoincryptocurrenciesCryptosEthereumPredictionpricePt2RippleSadnessSummertimeTop
Previous Post

CBDT Notifies Exclusion Of Gift Cards, Loyalty Points, Others From Crypto Tax, Bitcoin

Next Post

Coinsfera Has Now Made it Simple to Sell USDT in Dubai with Cash

Related Posts

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

by The Cryptos News
July 30, 2022
0

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has...

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

by The Cryptos News
July 30, 2022
0

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S....

How to Buy Polkadot Coin | Cryptopolitan

How to Buy Polkadot Coin | Cryptopolitan

by The Cryptos News
July 30, 2022
0

Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT...

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

by The Cryptos News
July 30, 2022
0

The world of cryptocurrencies is becoming ever more popular, and the speed at which people begin trading grows more...

Next Post

Coinsfera Has Now Made it Simple to Sell USDT in Dubai with Cash

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz