Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Political fundraising goes digital, as BTC drops 12%
Bitcoin price has declined to the symmetrical triangle’s upper trend line after climbing 30% from the June 8 low, engaging the first support for the new rally attempt. Ethereum price failure at its symmetrical triangle support has raised the odds of a deeper decline moving forward. XRP price has not provided any directional clues, opting to remain range-bound.
XRP price remains locked in a range between the psychologically important $1.00 and the neckline of a multi-year inverse head-and-shoulders pattern at $0.76. However, a lack of technical clues leaves frothy forecasts on the sideline until directional confirmation can be gleaned from the charts.
XLM price had been propped by the symmetrical triangle’s lower trend line and the 61.8% retracement level of the March 2020-2021 rally. However, the corrective bounce was limited, unaffected by the Bitcoin 30% rally. The result was a quick breakdown from the triangle and a double-digit decline, with Stellar now on the cusp of testing the May 23 low.