{"id":619361,"date":"2023-03-18T10:52:49","date_gmt":"2023-03-18T15:52:49","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/18\/crypto-market-analysis-bitcoin-btc-ethereum-eth-and-ripple-xrp-prices-may-witness-explosive-growth-this-weekend\/"},"modified":"2023-03-18T10:52:49","modified_gmt":"2023-03-18T15:52:49","slug":"crypto-market-analysis-bitcoin-btc-ethereum-eth-and-ripple-xrp-prices-may-witness-explosive-growth-this-weekend","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/18\/crypto-market-analysis-bitcoin-btc-ethereum-eth-and-ripple-xrp-prices-may-witness-explosive-growth-this-weekend\/","title":{"rendered":"Crypto Market Analysis: Bitcoin (BTC), Ethereum (ETH) And Ripple (XRP) Prices May Witness Explosive Growth This Weekend"},"content":{"rendered":"
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The crypto industry has been especially attentive to the happenings of the past two weeks. Initially, the SEC launched an extensive probe into the crypto market, followed by a series of consecutive failures of three crypto-friendly banks in the USA: Silvergate Bank, Silicon Valley Bank, and Signature Bank. As a result of these events, crypto prices experienced a sharp decline. However, Bitcoin has rebounded from its critical price levels following the release of CPI data, resulting in a heavy pump in the crypto market this week.\u00a0<\/p>\n

Will There Be a Profitable Weekend for Crypto Market?<\/h2>\n

According to CoinMarketCap, the crypto market cap surged from $922 billion on March 10 to $1.1 trillion on Friday. Investors are aware that crypto markets are cyclical, which means that price declines are typically followed by booms and vice versa. This creates a profitable opportunity for them.\u00a0<\/p>\n

After a steep decline in the crypto market, several assets, including Ethereum and XRP prices, are now gaining strength and enough buying pressure as Bitcoin\u2019s price broke multiple resistance levels, hinting at a profitable weekend for traders.\u00a0<\/p>\n

Bitcoin Price Analysis<\/h3>\n

Following the announcement by the US Federal Reserve that it would lend $300 billion to select struggling banks, including Silicon Valley Bank and Signature Bank, Bitcoin experienced an approximately $2,000 surge in just one day.\u00a0<\/p>\n

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BTC\u2019s price has recently broken its nine-month high of $27K and is currently hovering near $26.6K, with a gain of over 8% in the last 24 hours. Over the last few days, the price of Bitcoin has been on an upward trajectory<\/a>, and it appears that the dominant cryptocurrency may reach the potential resistance level of $30K<\/a>.<\/p>\n

On the 4-hour price chart, Bitcoin is predicted to break its $28K resistance and face a slight rejection near $29K this weekend. However, after taking support near $26K, BTC price is expected to surge again and form a new high near $32K.\u00a0<\/p>\n

Ethereum Price Analysis<\/h3>\n

As Bitcoin\u2019s market cap surged above $500 billion, its dominance over altcoins has increased to 45%. Ethereum\u2019s price has rebounded from its bottom level of $1,630 and is currently making attempts to break its EMA-100 trend line on the weekly price chart.\u00a0<\/p>\n

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As of writing, Ethereum\u2019s price trades at $1,740, with an uptick of 5.19% from yesterday\u2019s price. This weekend, bullish sentiment is expected for ETH as its price continues to trade above both its 50-day and 200-day Simple Moving Averages (SMA). Furthermore, a well-known crypto analyst, MMB trader, predicts that Ethereum may reach $2K this weekend if it breaks above its resistance of $1,800.\u00a0<\/p>\n

Ripple (XRP) Price Analysis<\/h3>\n

According to Coinbase\u2019s CLO Paul Grewal, if Ripple wins its lawsuit against<\/a> the US Securities and Exchange Commission (SEC), the largest crypto exchange in America will reintroduce the XRP token to its platform.<\/p>\n

Following this announcement, the price of XRP has increased by 3.17% in the past 24 hours and is currently trading at $0.377. XRP is expected to approach the 50-day Exponential Moving Average (EMA) at $0.38, which could lead to further gains this weekend if successfully surpassed.\u00a0<\/p>\n<\/div>\n

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Shayan Chowdhury<\/a><\/h3>\n

Shayan is a digital nomad and a professional journalist. He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Shayan Chowdhury<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto industry has been especially attentive to the happenings of the past two weeks. Initially, the SEC launched an extensive probe into the crypto market, followed by a series of consecutive failures of three crypto-friendly banks in the USA: Silvergate Bank, Silicon Valley Bank, and Signature Bank. As a result of these events, crypto<\/p>\n","protected":false},"author":1,"featured_media":619362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,497],"tags":[],"class_list":{"0":"post-619361","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-market"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/619361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=619361"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/619361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/619362"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=619361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=619361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=619361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}