Bitcoin Ethereum and XRP Price Prediction for This Week
The post Bitcoin Ethereum and XRP Price Prediction for This Week appeared on BitcoinEthereumNews.com.
The cryptocurrency market has gradually gained bullish sentiment after being trapped in a correction mode for the larger share of the first quarter of 2025. The total crypto market cap has edged 1 percent in the past 24 hours to hover about $2.94 trillion on Monday, March 24, during the early European session. Last week’s gold price rally to a new all-time high of above $3k has significantly boosted the bullish sentiment for the wider crypto market. Moreover, global markets have largely factored in the U.S.-led tariff wars. What to Expect of Bitcoin this Week Bitcoin price opened earlier today with a bullish outlook after closing the last two weeks in the green. The renewed interest in Bitcoin from whale investors, as shown by the declining supply of BTC on centralized exchanges and notable cash inflows of U.S. spot BTC ETFs, helped the flagship surge to nearly $87k at the time of this writing. From a technical analysis standpoint, Bitcoin price is aiming for $91k in the coming days after piercing through a previously established falling logarithmic trend. However, Bitcoin price must consistently close above $87k in the coming days to invalidate a potential selloff below $80k. Ethereum Price Prediction According to on-chain data, the overall demand for Ethereum remains low compared to Bitcoin. However, Ether’s price has a high correlation with Bitcoin, based on historical trends. Moreover, Ether’s price gained over 7 percent last week to trade at about $2,048 on Monday. The large-cap altcoin, with a fully diluted valuation of about $247 billion and a 24-hour average trading volume of around $10 billion, has also signaled a possible momentum reversal. After closing last week with a bullish outlook, Ether’s price is likely to regain $2,100 as a support level by the end of this week. XRP Price Forecast …
Filed under: News - @ March 24, 2025 6:27 am