xrp cryptocurrency price

BTC and ETH reach record highs while XRP begins to catch up

BTC and ETH reach record highs while XRP begins to catch up
Written by publisher team

  • Bitcoin price reached a new all-time high of $63,287 before Coinbase went public.
  • Ethereum price also made a new all-time high at $2,229 and is still very bullish.
  • The price of XRP is up 170% in the past two weeks as it looks like Ripple will win the SEC lawsuit.

The cryptocurrency market has finally reached a $2 trillion market cap for the first time ever, with most cryptocurrencies hitting all-time highs. The much-hyped Coinbase IPO (Initial Public Offering) will be launched on Wednesday, April 14th, and appears to have really helped the industry.

Bitcoin price aims to reach $74,000 in the long term

On the 12-hour chart, bitcoin exited a symmetrical triangle pattern that can be drawn by connecting lower tops and higher lows with two converging trendlines. By measuring the distance between the beginning of the upper trend line and the lower line we get 26%.

BTC / USD . 12 hour chart

This 26% move has a long-term target price of $74,000, although Bitcoin will likely stop at $65,000 and $70,000 as they are psychological levels. The major cryptocurrency does not face real resistance in the future as these are all-time highs.

One of the biggest events in the cryptocurrency industry, Coinbase will go public on Wednesday, April 14. If it performs well, the entire crypto market should benefit from it, with some analysts even calling it the most important initial public offering of the year.

Ethereum price is out of a decisive pattern

On the 4-hour chart, Ethereum has exited a teacup and handle pattern in the past 12 hours. We discussed this possibility in our recent ETH analysis here. The initial price target for this breakout is $2,400.

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ETH/USD 4-hour chart

Ethereum does not face any resistance in the future, which means that a jump to $2,400 is imminent. More than $61.5 billion of ETH is currently closed, which represents about 1/5 of the total market capitalization.

eth . price

ETH/USD 12-hour chart

On the 12-hour chart, Ethereum exited a rising wedge pattern with a target price of $2,850, calculated by measuring the distance between the beginning of the upper and lower trendline.

XRP price continues to explode to new heights on an unstoppable rally

XRP price has increased by 170% in the past two weeks and it appears to be facing no resistance in the future. The digital asset has already surpassed the 161.8% Fibonacci level and is aiming to reach the next level at $1.86, which is 178.6% Fibonacci.

xrp سعر price

XRP/USD 12-hour chart

Surprisingly, the volume is still high, and it is increasing again in the last 24 hours, which indicates that the current move up is quite strong.

xrp سعر price

XRP Volume Chart

A break above $1.86 will push XRP price towards $2.06 at the 200% Fibonacci level, but it is worth noting that Ripple may continue to climb as it is the only digital asset in the top five that has not reached a new all-time high. The previous device was built in January 2018 at $3.67.

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