The cryptocurrency space is a busy one, filled with projects that hope to kick innovation up a notch while making crypto mainstream adoption a reality. A coin’s price is normally impacted by how well its project is doing, as well as real-life events, such as regulation.
Value in some coins have been impacted over the last day by reports of the Huobi COO under investigation by Chinese authorities. It should be noted that Huobi denies such reports. ETH price could see some action as the launch of ETH 2.0 draws ever closer. For now, let’s examine BTC, XRP, NEO, and ETH.
BTC Price Prediction
BTC has recovered most of its losses from the drop today. If BTC can close consecutive daily candles above $13,800 (resistance), we can see an attempt to move towards the all-time high price of $20,000. BTC has a good support at $13,100 (Support 1). Failure to hold this support can pull BTC price towards $11,900 (Support 2), and the best place to long BTC on retracement would be at $10,000 (Support 3).
ETH Price Prediction
ETH has been holding the support at $360 very well but is not able to break the resistance at $400. If it can successfully flip Resistance 1 at $400 to support, we can see a jump towards Resistance 2 at $440. Failure to hold the support at $360 can pull ETH price back towards $320, which would be a good place to accumulate ETH.
XRP Price Prediction
XRP has reached the support zone at $0.24. If we do not see a jump from this zone soon, we can see XRP price sliding towards $0.22, which would be a good place to add longs. Failure to hold $0.22 will result in sub $0.20 for XRP. If we see a bounce from $0.24, we can see $0.258. Flipping Resistance1 to support can result in a push towards Resistance 2 at $0.30.
NEO Price Prediction
NEO is struggling to hold support at $14.80. Breaking this Support 1 can lead to a pull back towards Support 2 at $13, which would be a decent place to open longs. Bounce from current support can push NEO price towards Resistance 1 at $16.70 and Resistance 2 at $18.80.
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