Where is Direction in Bitcoin (BTC), Ethereum (ETH) and XRP (XRP)? What the Experts Say

Bitcoin (BTC), Ethereum (ETH) and XRP are in the downtrend at the time of writing. The US congress reported that it has been unable to agree on the $ 2 trillion aid package for Americans due to the coronavirus outbreak.

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1 Price Forecast for Bitcoin (BTC), Ethereum (ETH) and XRP

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The completely decentralized Bitcoin and the rest of the cryptocurrency market, which is not controlled by any central bank, government or local authority, continues without any intervention, interruption, toggle switch or circuit breaker. However, all cryptocurrencies, especially Bitcoin, are affected by the situation of traditional markets. Analysts say there may be more pain in the short term and in the coming weeks.

Price Forecast for Bitcoin (BTC), Ethereum (ETH) and XRP

TraderXO, a cryptocurrency analyst on Twitter, told 36,700 followers that BTC could experience a short upward jump before falling into the $ 5,000 range.

$ BTC – Dont be surprised if we se one more raid around 65s before a bigger drop – wiping out a large number of late shorts / tight stops
If it plays out – below is how I’m setting up
p.s – Ive taken 50% profit at 6k from my earlier 6,4k short entry in pic.twitter.com/xneoqeeo
– TraderXO (@ TraderX0X0) March 22, 2020

The popular crypto trader, Cold Blooded Shiller, said that the second largest cryptocurrency, Ethereum, will not be able to leave the bearish zone until it reaches $ 160.

I’ll start to speak more positively about $ ETH when we’re trading above here. pic.twitter.com/zkt14uasw1
– Cold Blooded Shiller (@ColdBloodShill) March 21, 2020

As for XRP, Credible Crypto told his 54,600 followers that he believes the digital asset is facing more than 25 percent drop. Analyst also stated that there is a painful process in front of XRP and this process can push the XRP price up to $ 0.12.