Bitcoin, Ethereum, and Ripple Surge: Key Price Predictions Ahead of CPI Data
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Bitcoin, Ethereum, and Ripple Surge: Key Price Predictions Ahead of CPI Data

Market Sentiment
bitcoin
ethereum
ripple
priceprediction
markettrends
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Summary:

  • Bitcoin rebounds after retesting $90,000, currently trading at $97,400.

  • Ethereum shows recovery potential above its 200-day EMA at $3,114.

  • Ripple rallies 5.17%, targeting $3.63 amidst bullish momentum.

Bitcoin Rebounds After Retesting $90,000 Support Level

Bitcoin (BTC) price dipped to a low of $89,256 but quickly recovered, closing above $94,500 on Monday. By Tuesday, it rebounded 2.14%, closing above $96,500, and is currently trading around $97,400. If BTC maintains this momentum and closes above $100,000, it could retest its all-time high of $108,353 from December 2024. The Relative Strength Index (RSI) is at 53, indicating bullish momentum, while the MACD is on the verge of a bullish crossover.
BTC/USDT daily chart
Note: A drop below $90,000 could lead to a decline towards $85,000.

Ethereum Price Rebounds After 200-Day EMA Retest

Ethereum (ETH) faced rejection at $3,730 on January 6, dropping 15.47% to a low of $2,920. It has since recovered, closing above its 200-day EMA at $3,114 and is currently hovering around $3,223. A close above $3,235 may signal a test of the $3,730 resistance. However, the RSI at 41 and a bearish MACD suggest caution, with a potential decline to $3,000 if support at $3,114 fails.
ETH/USDT daily chart

Ripple Bulls Eye the $3 Mark

Ripple (XRP) recently retested its upper symmetrical triangle boundary, leading to a 5.17% rally. Currently trading around $2.80, XRP could target $3.63 if the upward momentum continues. However, caution is advised as traders may take profits near the $3.00 mark. The RSI at 67 indicates bullish momentum, supported by a bullish MACD crossover.
XRP/USDT daily chart
Note: A drop below $1.96 could lead to a decline towards $1.40.

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