Bitcoin (BTC), XRP, Tron (TRX) – The crypto market has been giving clear signals of mass adoption in many ways, and therefore the price of its main references has generated many theories that are being fully met. In our case, we have described possible scenarios for Bitcoin and the main altcoins, with a lot of responsibility, which have been overcome without difficulty, in the past weeks.
The market capitalization of the entire ecosystem has grown in the last 24 hours with more than $1 trillion dollars, partly due to the income of money to the altcoins.
Bitcoin (BTC) Price Prediction: Long-Term Bull or Bear?
The main asset of the ecosystem has been involved in a new rally, which has brought it back to levels of $4000 – $ 4100, a scenarios foreseen in past posts.
At the time of listing, its spot price is $4067.94 per unit and its market capitalization remains firm over $70 billion dollars, although it has lost some dominance in the market.
In the weekly chart of BTC, we can see that there is a repetitive pattern throughout the history of Bitcoin, which we have shown before in previous posts. However, in a compact way, it is easy to see that the current ceiling of BTC is at the value of $4179.87 and its predicted resistance for the middle of Q2 2019 is $ 5767.99.
In view of the movements that are currently happening around the lateral prices of BTC, it is clear that the expected scenario may be the ceiling in the medium term to where the bulls can reach in their race to dominate the market.
This panorama is also ratified by the Stochastico indicator and its direct positive slope at maximum purchase levels for the beginning of next Q2 2019.
Ripple (XRP) Price Prediction: Will the Bull Last?
The third cryptocurrency is finally showing symptoms of recovering past the expected levels, and its prices are expected to rise up to 18% with respect to the current level of contribution, which according to CoinMarketCap, is in a spot price of $0.3084, + 2.31% in the last 24 hours.
Its third place position is thanks to its $12.8 trillion of market capitalization.
For Ripple and its token, good news are coming with multiple alliances and the value of XRP would likely reap the rewards in the middle of a green market like a football field.
The support level of XRP established in S1 ($ 0.0292) was not achieved at the beginning of the week. This allowed to appease even more bearish fears in case the price of the token fell below this support, as we can see in the graph in the point ‘x’ with the hammer drawn.
On the contrary, XRP is expected to make a bullish cross for next week or earlier, due to the push of the altcoins on the rising wedge, and thus set the bullish pattern for XRP according to Elliot Wave Triple Correction (WXYXZ).
Its maximum price is expected to be around $0.3548 per token, in the most conservative case, with a ceiling projection of R1 levels ($ 0.391).
The Chaikin Money Flow indicator is on the way to superflux levels towards XRP, a good sign of investments in the token that could trigger its price.
TRON (TRX) Price Prediction: Long-term or Short-Term Bull
The cryptocurrency of Justin Sun has not yet been able to recover the last seat of the top ten snatched recently by Cardano (ADA). However, if we look at our latest analysis for this digital asset, we can see that it has exceeded the levels of average price and immediate resistance (R1) expected for the following week.
At the time of writing, it is quoted at the price of $0.23496 USD per unit, with a positive growth of up to 5.11% in the last 24 hours. Its capitalization market remains firm over $ 1.5 trillion dollars.
The TRX scenario is still cautious, although it has not been able to take off as Cardano (+ 11% today), to regain its place in the top ten, you can still get benefits like the one reported in the last hours .
Its 1D chart allows us to indicate a possible bullish scenario, with an EMA cross for the beginning of next April and a Elliot Wave projection up to maximum R1 levels of $ 0.0275, 15% more than the current price.
The above scenario is confirmed by the Awesome Oscillator (AO) indicator, with a strong green histogram drawing in recent days, indicating a possible pattern change in the next few hours.
