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Market Outlook: Bitcoin, Ethereum, and XRP Price Forecast for the Coming Week

Market Outlook: Bitcoin, Ethereum, and XRP Price Forecast for the Coming Week

Published:
2025-04-19 21:55:00
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As the crypto market enters a new trading week, analysts are closely monitoring key technical indicators and macroeconomic factors that could influence the price trajectories of Bitcoin (BTC), Ethereum (ETH), and XRP. With BTC testing crucial support levels, ETH facing network upgrade speculation, and XRP navigating regulatory developments, traders are positioning for potential volatility. This analysis examines Fibonacci retracement levels, trading volume patterns, and institutional sentiment to provide a data-driven outlook for these major digital assets in the April 20-27, 2025 period.

Bitcoin Price Reclaims $85,000 Mark!

Bitcoin price today has successfully maintained its value above the $85,000 mark. With an intraday trading volume of $14.208 billion and a market capitalization of $1.68 trillion, the dominance of this crypto token is beyond 63% for about 10 days now. Despite rising uncertainty, the Bitcoin community speculates a strong bullish reversal during this quarter.

Bitcoin, ETH, and XRP Price Prediction For Next Week! image 0

Source: TradingView

The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram, with its averages displaying a similar action in the daily time frame. This suggests a positive outlook for the largest crypto token during the upcoming week.

A sustained bullish price action could push the price of Bitcoin toward its upper target price of $90,000 within the next seven days. However, increased liquidation could pull the Bitcoin price toward its pivotal support trendline of $78,500.

ETH Price Regains Bullish Momentum!

The ETH price continues hovering around the $1,600 mark with an intraday trading volume of $6.89 billion. However, with a YTD correction of 51.63%, the dominance of the largest altcoin by market cap has dropped to 7.17%. This has created huge concern among the community about the future of smart contracts.

Bitcoin, ETH, and XRP Price Prediction For Next Week! image 1

Source: TradingView

The Simple Moving Average (SMA) strongly supports the Ethereum price action in the daily time frame. This suggests an increase in the buying-over-selling pressure for the altcoin in the cryptocurrency space. Moreover, the technical indicator, MACD, witnesses a similar price action, indicating a bullish outlook.

If the cryptocurrency market favors the bulls, in that case, the Ethereum coin price could head toward its immediate resistance level of $1,800. Sustained positive action could push the price of this altcoin toward its upper high of $2000. Conversely, a negative influence could pull the value toward its crucial low of $1,500.

XRP Price Forms A Strong Support Above The $2 Mark!

The XRP price today continues to display stable price action. With this, altcoin has concluded the week with neutral price action. Considering the long-term price action, it has plunged by over 14% over the last 30 days. Moreover, with a market cap of $120.78 billion, it is currently trading at a discount of about 46% from its ATH.

Bitcoin, ETH, and XRP Price Prediction For Next Week! image 2

Source: TradingView

The technical indicators SMA & MACD have both displayed positive action over the past week. This hints at a rising bullish sentiment for the 2nd largest altcoin, suggesting that the price may retest its crucial levels.

Maintaining the price above its support level of $2 could prepare the altcoin to head toward its important resistance level of $2.50. On the flip side, a negative turnaround could result in it plunging toward its lower support of $1.75.

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