Bitcoin, XRP, ETH Price Prediction for Next Week: Last Rally of 2024!
Amid the increasing bullishness in the crypto market, Bitcoin, Ethereum, and XRP price trends are on an explosive path. Bitcoin inches closer to $100k, XRP is at its 52-week, and Ethereum presents a new breakout run.
As the broader market anticipates a new spike in December 2024, the first week could be filled with massive inflows. So, let’s find out the upcoming price trends of the top cryptos and figure out the chances of the next bull run.
Bitcoin Targets $100k
In the 1-hour chart, the BTC price trend showcases a recovered rally, giving a trendline breakout. Overcoming a long-coming bearish influence, the BTC price has surpassed the $97,600 barrier to nearly reach the $99,000 mark.
Tradingview
However, the higher price rejection led to a quick retest of the broken trendline. Currently, Bitcoin is trading at $96,395. The BTC found support at the 50-EMA of the 1-hour chart and is now taking a positive test reversal.
The bullish recovery has led to a golden crossover and a positive alignment of the 50, 100, and 200-EMA in the 1-hour chart. As the post-retest reversal gains momentum with four consecutive bullish candles, the MACD and signal lines are on the verge of giving a positive crossover.
Based on the Fibonacci levels, a post-retest reversal sustaining dominance above the 78.6% Fibonacci level could surpass the $100,000 mark in the first week of December.
Furthermore, the price trend could reach the $104,584 peak by next weekend. On the flip side, consolidation at the $96,000 mark could result in a bearish outcome and reach the $95,000 support level.
Will Ethereum (ETH) Price Cross $4,000?
The Ethereum price trend is showcasing a rising wedge pattern in the 4-hour chart. With the higher high and higher low trend facing a massive supply from a local resistance trendline, the Ethereum price trend is approaching a bottleneck.
Tradingview
Currently, it is analyzing the overhead trendline and trading at $3,667. In supporting the upside trends, the MACD and signal lines are merged despite the consolidation range and could regain positive alignment.
A bullish breakout will put the $4,037 and $4,300 mark as the potential price targets next week. On the flip side, the crucial support remains at $3,298.
Keen on stacking some Ether? Get the potential price targets in our Ethereum Price Prediction
XRP Targets $2
The XRP price trend showcases a second bullish flag pattern breakout rally. With a streak of bullish candles giving a parabolic recovery, the XRP price is inching closer to the $2 mark.
Tradingview
Currently, it is trading at $1.886, with a 24-hour high set at $1.90. The MACD and signal lines have given a positive crossover with a massive surge of gradually intensifying bullish histograms.
Based on the pivot levels, the immediate price resistance stands at $1.95. However, based on the trend momentum and the bullish rally in the bull market, the XRP price could reach $2.586 by the end of next week. The minimum support for the next week is estimated at $1.69 or $1.37.
FAQs
BTC is poised to breach $100k, with a potential target of $104,584, based on Fibonacci levels.
ETH is forming a rising wedge, with upside targets at $4,037 and $4,300 if it breaks the overhead resistance.
XRP could rally to $2.586, supported by a bullish flag breakout and strong momentum indicators.
