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Ethereum, Ripple, BITCOIN: UPSWING predicted beyond $62k

The cryptocurrency growth cycle is still intact and getting even wilder. The cryptocurrency economy is still growing, although a little less aggressively. Bitcoin stopped short of $62k over the weekend, but then revert back to $53k. Ethereum is ...

Jay Sharma

11 minutes

The cryptocurrency growth cycle is still intact and getting even wilder. The cryptocurrency economy is still growing, although a little less aggressively. Bitcoin stopped short of $62k over the weekend, but then revert back to $53k. Ethereum is currently struggling with sustaining price above $1,800. The Ripple token, is hovering at $0.47 trying to break above $0.5. Cardano is the best growing crypto asset, with gains above 15%.

Bitcoin set for new highs

Bitcoin is trading slightly under $58k, falling back from $59k. Recovery from the recent dip to $53,000 lost steam before tackling the seller congestion at $60,000. Bitcoin only needs to slightly push upward to lift off to a new all-time high based on the strong technical levels. For instance, the Moving Average Convergence Divergence (MACD) has a bullish bias and is holding within the positive territory.

Ethereum heading down

Ethereum had broken through trading price at $1,800, but halted at $1,850. The price tumbled following sell orders below $1,800. Meanwhile, Ethereum is trading at $1,790 but expected to fall to $1,700,

Ripple targets $0.6

XRP is trading above a symmetrical triangle pattern expected complete the 34% upswing target to highs around $0.63.

However this upswing will fail to occur if overhead pressure mounts as losses will increase the price breaks under $0.4.

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Written By

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Jay Sharma

Jay is a seasoned crypto entrepreneur and technology innovator. As the Founder and CEO of Botsfolio, he has been at the forefront of the blockchain revolution since 2017. His practical experience extends to the technical nuances of crypto mining, having successfully built and managed a substantial GPU mining operation. Jay developed a groundbreaking decentralised application for fractional real estate NFTs. This innovative project garnered significant recognition. Through his hands-on experience and analysis, he aims to provide valuable guidance and empower others to navigate the dynamic crypto landscape.

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The content, portfolios, and insights presented on this platform are provided for informational purposes only and do not constitute financial, investment, or trading advice. Kribx Inc. and its affiliated influencers are not registered investment advisors or broker-dealers. Cryptocurrency trading involves substantial risk and may result in the loss of capital. Users are solely responsible for their trading decisions. Past performance is not indicative of future results.

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