CandleFocus Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP hints for a pullback ahead
2024-12-09
Author: Content Editor
The article discusses the price levels and potential resistance that Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are currently facing. Bitcoin reached a new all-time high before experiencing a sharp pullback. The Relative Strength Index (RSI) suggests a bearish divergence, indicating a potential short-term correction. If the bearish scenario plays out, BTC could fall towards the support levels of $90,000 and $85,000. However, if BTC manages to close above $104,088, it could extend its rally towards a new all-time high. Ethereum also faces resistance at the $4,000 level, and a failure to break this level may lead to a decline towards the support level of $3,721. Ripple is facing resistance around $2.66, and a failure to break this level could result in a decline towards $2.00. However, if XRP manages to close above $2.66, it could rally towards the psychologically important level of $3.00. Overall, the article suggests the possibility of pullbacks for these cryptocurrencies in the upcoming days.
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