Short-term forecasts for cryptocurrency pairs BTCUSD, XRPUSD, and ETHUSD today 02.05.2025

Dear readers,

I have prepared short-term forecasts for cryptocurrencies, Bitcoin, Ripple, and Ethereum, based on Elliott Wave analysis,

The article covers the following topics:

Key Highlights

Elliott Wave analysis for Bitcoin

Elliott Wave analysis for Ripple

Elliott Wave analysis for Ethereum

Key Highlights

BTCUSD: The price is expected to rise within the sub-wave [1] to reach the level of 97,800.00; it would be appropriate to look for buying opportunities with a profit-taking level set at 97,800.00.

XRPUSD: The corrective wave [2] is complete, and the price is expected to rise within the first wave of the sub-wave [3] to reach the peak level of 2.581; it would be appropriate to look for buying opportunities.

ETHUSD: A new upward wave is expected to develop; it would be appropriate to look for buying opportunities from the current level, with a profit-taking level set at the peak of 2,104.33.

Trading plan for BTCUSD$BTC today:

Open buy orders from the level of 96,834.71, with a profit-taking level set at 97,800.00.

Trading plan for XRPUSD $XRP today:

Open buy orders from the level of 2.211, with a profit-taking level set at 2.581.

Trading plan for ETHUSD$ETH today:

Open buy orders from the level of 1,834.36, with a profit-taking level set at 2,104.33.

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