Key Highlights:

BTC, ETH and XRP are bouncing back with gains

The big three signals bullish after surpassing key resistance

The short-term correction is over amidst the latest bullish sentiment

⠀Bitcoin price: $8,630 ⠀Key BTC resistance levels: $9,400, $10,900 ⠀Key BTC support levels: $8,300, $8,000

*Price at the time of writing

Bitcoin price prediction: Bullish

Throughout the last week, Bitcoin saw a major correction after reaching the $9,150 mark. The correction lasted for 8 days and Bitcoin found support on the recently broken channel around $8,300. Yesterday, the market bounced back with a bullish engulfing pattern as BTC managed to close well above $8,500.

Buy/Sell Bitcoin (BTC)

How to buy Bitcoin (BTC) on Binance

With 3.31% gains overnight, Bitcoin is currently priced around $8,610. The trading volume is entering back into the market. While waiting for the next positive move, the key resistances to keep in mind are $9,400 and $10,900; although BTC needs to clear the $9,150 resistance first before these levels can come into play.

Meanwhile, the ongoing bullish sentiment is supported by the $8,300 level. If this price fails to further provide support for Bitcoin, we may need to consider the $8,000 support, where a lot of sellers were hoping to take profits. However, Bitcoin caught them unaware with a sharp bounce back!

⠀Ethereum price: $166 ⠀Key ETH resistance levels: $199, $240 ⠀Key ETH support levels: $159, $147

Ethereum price prediction: Bullish

Correlating with Bitcoin’s pattern, Ethereum bounced off the green support area after touching $159 with a long wick during last week, followed by a small red candle. Yesterday’s gain was characterized by a full green candle to $168 but ETH has now slightly dropped to $166 as of the time of writing.

Buy/Sell Ethereum (ETH)

How to buy Ethereum (ETH) on Binance

Now that the second-largest coin by market cap has witnessed a channel break and re-test, ETH’s price could increase significantly in the coming days. As shown on the price chart, the near-term projection for the next bullish phase is $199 and $240 – meeting the red resistance area. $180 can be described as a breakout level.

Ethereum is currently looking for a re-test around the $165 support that was marked yesterday. If the price slips beyond this support, ETH could slip to the $159 support level yet again. If Ethereum rolls over beyond the green buy zone, the $147 support would be explored.

⠀XRP price: $0.227 ⠀Key XRP resistance levels: $0.267, $0.29 ⠀Key XRP support levels: $0.215, $0.20

XRP price prediction: Bullish

As mentioned in our previous analysis, Ripple’s XRP correction was exhausted inside the green support area of $0.215 with a pin bar candle. In the last 48 hours of trading the $0.22 support level played an important role. Following today’s short opening, XRP is now changing hands at $0.228.

Buy/Sell XRP (XRP)

How to buy XRP (XRP) on Binance

Notwithstanding, the market has seen a 3.35% growth in the last 24 hours, so we can expect the bullish sentiment to continue in no time. Looking forward to more gains, the XRP price is most likely to reach the channel’s resistance at $0.267 and $0.29 resistance before breaking out.

In the opposite direction, the XRP market could plunge back to $0.20 near the channel’s support if the green wall collapses. Looking at the recent bullish bounce, XRP appears ready for another move higher.

Overall summary

Bitcoin, Ethereum and XRP have found strong support which is expected to bolster the next bullish run for the trio. The pin bar and bullish engulfing pattern spotted on the daily chart suggests potential gains. The recent short-term breakout also indicates that a bullish play could become significant soon.

Previous crypto price analysis

At CoinCodex, we regularly publish price analysis articles focused on the top cryptocurrencies. Here's 3 of our most recent articles about the price of Bitcoin, Ethereum and XRP: