The cryptocurrency market today is making cautious moves, resulting in a 16.46% drop in trading volumes to $127.36 billion. However, the market capitalization increased by 2.15% to $3.32 trillion. This further suggests that while investors remain firm, they are still hesitant to make large moves.
Speaking of sentiment, the Fear and Greed Index is at a greed score of 68, although unusual, it shows growing confidence in recent times. For those interested in the altcoin season, the Altcoin Season score is at a modest 25, indicating Bitcoin's firm dominance over the broader altcoin activity. Curious about the prices of Bitcoin, Ethereum, and XRP while the market remains uncertain? This price analysis highlights the possibilities for the short term.
Bitcoin (BTC) Price Prediction
The price of Bitcoin started the week on a high note, primarily driven by Fidelity's purchase of $188 million worth of 1,790 BTC. On the daily chart, BTC has consistently maintained above $102k, although it tested close to the mark of $106.8K.
The next psychological resistance is at $110k, and with volumes stabilizing, a break above this level may require another catalyst. If $101k is broken, we could see BTC's price drop towards the key support zone at $100k.
Ethereum (ETH) Price Prediction
Ethereum is gaining momentum and has remained strong above $2,500. The strength may be influenced by news about its layer 1 network announced by Vitalik Buterin. On the charts, ETH has clearly recovered from its low of $2,386, reclaiming the $2,500 zone and aiming for the next resistance at $2,600.
A push beyond $2,600 opens the door to the psychological resistance at $3,000. On the other hand, immediate support is at $2,400, and if broken, $2,000 becomes a critical zone.
Check out our Ethereum (ETH) Price Prediction for 2025, 2026-2030
Ripple XRP Price Prediction
The XRP community is quite optimistic about the altcoin in the short term, following the announcement that CME listed XRP futures, an important milestone that could increase Wall Street's interest in the asset.
Technically speaking, XRP is in a parallel trend, with immediate resistance at $2.50, followed by the psychological barrier at $3.00. A break above $2.50 could accelerate the momentum. That said, support remains firm at $2.20.
Frequently Asked Questions
1. Will Bitcoin reach $110,000 this week?
If the momentum continues, BTC may test $110k this week. However, an increase in trading volume is necessary to sustain the breakout.
2. Is Ethereum preparing for a breakout?
Yes, ETH is showing signs of strength. If it breaks above $2,600 with solid volume, a push towards $3,000 is possible this week.
