- Bitcoin prices start their journey to over $ 50,000 after groping at the beginning of the week.
- Ethereum’s price retests the $ 4,500 barrier, but bulls are revisiting the $ 4,788 resistance level.
- Ripple prices need to break through the $ 0.83 hurdle to tag the $ 1 psychological barrier.
Bitcoin prices have recently recovered beyond significant barriers, mitigating signs of a short-term bearish outlook. In the future, investors can expect BTC to rise to critical levels and be retested, allowing Ethereum and Ripple to do the same.
Bitcoin prices are high
Bitcoin prices fell below the $ 48,326 support floor on December 13, and have been integrated below it for quite some time. It was a weak start this week, but things have improved, especially as BTC has surpassed the $ 48,326 hurdle.
Investors can expect to rise 7.5% to $ 51,991 if large cryptos overcome this barrier and consolidate their position. If bullish, market makers may push BTC to raise liquidity above $ 55,839 or $ 57,845.
BTC / USD 4-hour chart
On the other hand, if the Bitcoin price cannot be maintained above $ 48,326, it will return to the support level of $ 46,660. If the bear pushes BTC to lower the December 13 swing low below $ 45,750, the bullish dissertation will be invalidated.
Attempts to restart Ethereum prices are rising
As a result of the collapse of the big cryptocurrency, the price of Ethereum broke through the support floor of $ 3,912 on December 13. Since then, ETH has been moving sideways under this barrier. Recent run-ups weren’t enough to retest the above levels. If Ethereum’s price succeeds in passing this hurdle to the support floor, it marks a resurgence of buyers, perhaps causing a 14% rise to an integer of $ 4,443 or $ 4,500.
If the bullish momentum continues, ETH could extend this leg-up, retest the $ 4,788 swing and collect the liquid restinga above it.
ETH / USD 4-hour chart
While things are looking for Ethereum prices, a breakdown of the $ 3,669 swing low creates a lower low and invalidates the bullish dissertation. In such cases, ETH may return to the support level of $ 3,415.
Ripple prices are well-meaning, but struggling
Ripple prices have been on a downward trend since November 10. Some swing highs can be connected using the trend line, indicating that lower resistance barriers are preventing XRP prices from rising.
Coupled with the $ 0.837 resistance barrier, remittance tokens are unlikely to be high. When the bulls unite and flip this hurdle over to the support floor, it signals a breakout. A 4-hour candlestick above $ 0.837 shows an uptrend, triggering a 12% rise to $ 0.936.
If bullish, the XRP price could also retest the $ 1.01 resistance barrier, showing a 21% increase from the $ 0.837 point.
XRP / USD 4-hour chart
Despite optimism, if Ripple’s price doesn’t break above the $ 0.837 hurdle, it could fall back to the $ 0.749 support floor. However, a decisive closing price below $ 0.749 creates a lower low and invalidates the bullish dissertation.
This move could cause a 19% crash to $ 0.603.