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3 Major Crypto Assets Price Predictions: BTC, ETH, and XRP holders take profits, suggesting a possible short-term pullback. Bitcoin (BTC) price faces a correction, dipping below $118,000 during the Asian afternoon session today (15th), as traders choose to take profits after a strong surge. Ethereum (ETH) and Ripple (XRP) follow Bitcoin's lead, pulling back nearly 2% and 3%, respectively, falling below the key levels of $3,000 and $3.00. On-chain data shows that Bitcoin's exchange net flow (the difference between BTC flowing into and out of exchanges) is positive, reaching its highest level since February 25. The increase in inflows suggests that investors may be selling off Bitcoin, which could lead to short-term pullbacks for ETH and XRP. (Source: CryptoQuant) BTC Price Analysis FXStreet analyst Manish Chhetri indicates that Bitcoin's price surged, hitting an all-time high of $123,218 at the start of the week but failed to close above the psychological level of $120,000. As of Tuesday while writing this article, the Bitcoin price has dropped by 2%, trading below $118,000. If Bitcoin continues to face a pullback, the decline may extend to the next daily support level of $111,968. The Relative Strength Index (RSI) is at 66, continuing to decline after breaking the overbought condition on Monday, indicating that bullish momentum is weakening. Furthermore, if the RSI continues to drop and closes below the neutral level of 50, Bitcoin could experience a significant decline. However, if Bitcoin rebounds and closes above $120,000 daily, it could continue its upward momentum toward the historical high of $123,218. (Source: Trading View) ETH Price Analysis Ethereum closed above the daily resistance level of $2,724 on Wednesday, up 8.6% as of Monday, but failed to close above the $3,000 resistance level. As of Tuesday while writing this article, ETH price has slightly decreased, trading below $2,971. If ETH continues to pull back, the decline may extend to the daily support level of $2,724. The RSI reading is 69, breaking the overbought level on Monday, indicating that bullish momentum is weakening. On the other hand, if ETH's daily closing price exceeds $3,000, it may continue to rise and retest the next daily resistance level of $3,730. (Source: Trading View) XRP Price Analysis XRP continues its upward momentum after breaking the intraday resistance level of $2.72 last week, retesting the psychological barrier of $3 on Monday. However, as of Tuesday while writing this article, the coin faces a pullback, trading below $2.88. If XRP continues to pull back, it may extend the decline, retesting its daily support level of $2.72. The RSI on the daily chart is at 76, indicating overbought level 70, showing that XRP is in an extremely overbought area. Additionally, the RSI continues to decline and falls below the overbought level of 70. In this case, it indicates that bullish momentum is weakening and may pave the way for further pullbacks in the short term. Conversely, if XRP's daily closing price is above $3, it may continue its rise and retest the high of $3.40 on January 16.

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GateUser-f16fdcdfvip
· 2h ago
thank you for the interesting article
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Ybaservip
· 18h ago
HODL Tight 💪
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Angipievip
· 18h ago
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