Bullish Predictions for XRP, SHIB & BTC! Here are Next levels

The post Bullish Predictions for XRP, SHIB & BTC! Here are Next levels appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Cryptocurrencies continued their rally on Wednesday as buyers’ confidence was boosted by the indicators of easing battle between Russia and Ukraine. Overall the cryptocurrency market witnessed a positive trend on Wednesday. The global cryptocurrency market cap rose 2.45% to $1.99 trillion in the past 24 hours. The total crypto volume also increased by 5.08% over the last 24 hours to $75.55 billion.

Bitcoin (BTC), XRP, and Shiba Inu(SHIB) are all expected to break out soon, according to one famous crypto expert.

Bitcoin(BTC)

In the most recent report from Coin Bureau, pseudonymous presenter Guy tells his subscribers that the largest crypto asset by market cap has a modest bull flag.

Bull flags are technical patterns that consist of a price surge followed by consolidation and signal the start of a rally. BTC is also creating a cup and handle pattern on the upper timeframe, according to Guy, which is another bullish technical signal.

On the daily, He sees a minor bull flag forming for BTC, which may or may not play out. My money is on a pump, which would mean a return to $46k in the coming days.

If BTC can break through the $46k barrier, we’ll have completed a ‘cup and handle’ pattern, which might propel BTC to $56k in the coming weeks. While this is going on, the balance of BTC on exchanges continues to fall, which makes me feel rather bullish regardless of what’s going on right now, he says.

At the time of writing, BTC is trading at $44.078 up by 4.6% in the last 24 hours. The resistance on the upside is at $45K and the support is at $42,200.

Ripple(XRP)

Guy also assesses XRP (XRP), which he says is gaining traction as a result of Ripple’s decision to join a European research tank dedicated to the development of central bank digital currencies (CBDCs).

He claims that XRP is surging on news that Ripple has joined the Digital Euro Association, a think organisation that aims to help the European Union establish its central bank digital currency. 

Despite the fact that XRP is currently recovering from recent losses, it remains in a strong long-term uptrend that began in 2020. If Ripple’s dispute with the SEC is resolved, XRP could see some good price activity, he said.

Shiba Inu(SHIB)

Finally, Guy discusses the Shiba Inu metaverse news, which he believes will assist SHIB surge by 50% in the near future. Shiba Inu looks to be developing its own metaverse world. He says the meme token will start selling land in its forthcoming metaverse soon, and LEASH token holders will have first dibs. 

The Doge killer appears to be in hibernation, but if that cup and handle continues to play out on a daily basis, we could see a 50% pump in the near future, he says.

At the time of writing, SHIB is trading at $0.00003095 up by 5.2% in the last 24 hours. The resistance on the upside is at $0.00003093 and the support is at $0.00002938.