Predictions for the top three prices Bitcoin, Ethereum, Ripple

Bitcoin’s price indicates strength as it makes a rapid and impulsive advance toward a long-standing resistance level.

Ethereum, Ripple, and other altcoins are all hot on the heels of Bitcoin and going through bullish expansions.

Of interest here is that this reaction in the big three could be due to U.S. Treasury Secretary Janet Yellen’s views on cryptocurrency markets.

• Bitcoin’s price aims to repeat its yearly high of $46,198 after rebounding from a critical support level.
• The price of Ethereum appears to be on track for a 20% increase to retest at around $3,200.
• Ripple pricing has completed its breakout, indicating a 20% increase to a figure of $0.855.

Yellen’s comments, which favor digital assets and their subsequent innovation, were posted earlier on Tuesday by the Treasure website before being taken down a few moments later.

“The executive order will address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy,” read Janet Yellen’s now-deleted message.

BTC price indicates some strength

After slumping inside the $36,398 to $38,889 demand zone on March 9, Bitcoin price rebounded 7.8%. Before retesting the weekly supply zone, which ranges from $45,550 to $51,860, the resultant upswing will make touch with the weekly resistance barrier at $42,748.

Based on the above fact, the price of Bitcoin has a potential upside of 2% to 25%. A daily candlestick close above $52,000 will signal the beginning of an uptrend, and anything below the level mentioned above will, without a doubt, denote a consolidation in the significant crypto.

BTC/USD 1-day chart.

But despite the bullishness that surrounds the price of Ethereum, a breakdown of the $2,324 support level will bring a lower low, thereby invalidating the bullish narrative.

Ripple’s price is poised for takeoff.

On February 28, the price of Ripple broke above a bearish trend line. A successful breakout was reinforced by a retest of this trend line on March 7, indicating the prospect of a move higher. The XRP price is expected to break through the $0.797 barrier and make a run at the $0.855 resistance level.

This move would imply a 20% increase in total, and there are chances that a swing high would occur, followed by consolidation or pullback. In a very bullish scenario, the Ripple price might return to the $0.917 ceiling and collect the accumulated liquidity above it.

XRP/USD 6-hour chart

While the price of Ripple appears to be constantly improving, a six-hour candlestick closure below $0.686 will invalidate the demand zone and the bullish thesis or narrative. In this event, the price of XRP might drop below $0.633 and retest the $0.633 support level.