Top Price Predictions BTC, ETH, XRP, SHIB & SOL; BTC Price Breaches $26k

Key Takeaways:

• BTC price breaches above $26,000, showing potential for a bullish breakout with key support levels at $25,400 and $24,100.
• ETH price rebounded 4.5% in three days but faces resistance around $1700, with current support near $1580.
• Key upside targets for XRP price include $0.55, $0.65, and $0.72-$0.75.
• SHIB price has declined over 34% since mid-August, trading below key EMAs, and resistance levels to conquer are $0.000009 and $0.00001.
• A symmetrical triangle pattern in SOL suggests an impending breakout.

BTC Price Breaches $26k

BTC/USD | Source: TradingView

• After spending quite some time below the $26,000 mark, BTC price has finally managed to provide a breakout and sustain above the $26,000 mark.
• Thanks to this, BTC price is very close to also breaking out from the descending triangle pattern on the charts, and if it is able to do so then things will begin to look better for BTC.
• On the upside, BTC can rally up to $27,500 (P) and then all the way up to $29,400 (R1) according to levels depicted by the Fibonacci pivot points. If the bullishness continues, one can see a run-up to even $30,700 (R2), which would bring BTC close to YTD highs once again. However, on the upside, the 50-day and 200-day exponential moving averages can act as a strict level of resistance, especially due to the fact that they have undergone a bearish death cross two days ago.
• On the downside, BTC price can find immediate support at $25,400 (S1) and eventually close to $24,100 (S2) – these two would be critical levels to look out for Bitcoin for the rest of September.

Read On: Bitcoin Price Prediction

ETH Gains 4% in 3 Days

ETH/USD | Source: TradingView

• Ethereum’s price prediction is also very similar to that of Bitcoin’s. However, due to its lower base effect it has the potential to give higher percentage returns.
• ETH price has also recovered about 4.5% in the past three days and is heading towards the central pivot range level of $1700. 
• This $1670 to $1700 level will be difficult for ETH price to break out of thanks to the downward trendline (marked in blue) bringing in bearish pressure in the market.
• On the upside, ETH can rally up to $1700 (P) and then up to $1816 (R1) according to levels depicted by the Fibonacci pivot points. If the bullishness can continue, one can see a run-up all the way to even $1890 to $1900 (R2). 
• However, on the upside, the 50-day and 200-day exponential moving averages can act as a strict level of resistance, especially because they have undergone a bearish death cross on the first day of September 2023. These would be the critical levels ETH price can attain by the end of September, on the upside.
• On the downside, ETH price is currently taking support of $1580 (S1) Fibonacci level on the chart, which coincides with the lower end of the consolidation range (marked in grey).

Ripple XRP Price Loses over 42% since July Highs

XRP/USD | Source: TradingView

• XRP price action in 2023 has been somewhat of an anomaly and rightfully so. The elephant in the room is clearly visible with the massive green candle, accounting for a spike of over 74% on July 13, 2023. And yes, you guessed it right! On this day, the US District Court for the Southern District of New York announced that XRP is not a security, as was claimed by the US SEC.
• This positive news had resulted in this massive spike in price, providing relief to investors in this altcoin. However, it seems that the rally was sold into as since the very next day, XRP price started falling and now after two months since the event, we’re almost back to where we were right before Ripple’s victory in court against the SEC.
• From a Ripple price prediction point of view, on the upside, XRP can rally up to the picot level of $0.55 (P) and then up to $0.65 (R1) according to levels depicted by the Fibonacci pivot points. If the bullishness continues, it could also rally up to $0.72 to $0.75 (R2).
• On the downside, XRP price is currently trading slightly above the $0.448 (S1) Fibonacci support level on the chart.

Shiba Inu Price Loses 33%, Falling to $0.000007 

SHIB/USD | Source: TradingView

• Shiba Inu was one of the better-performing tokens between June and July 2023 but since mid-August has been on a strong downward trend as indicated by the trendline (marked in blue).
• Over the past month, SHIB token price has crashed over 34% and broke below the 50-day and 200-day exponential moving averages.
• Currently, on the upside, SHIB price technicals indicate that $0.000009 is a crucial level that it will need to conquer before attempting the $0.00001 (R1) level, as depicted by the Fibonacci pivot points on the chart.
• However, things seem pretty bearish as SHIB price is trading below the S1 of $0.0000072 and the immediate next logical level if the bearishness continues would be $0.0000063 (S2).

Learn More: Shiba Inu Price Prediction

Solana Price Crashes 35% in 2 Months to $18

SOL/USD | Source: TradingView

• SOL, Solana’s native token, experienced significant early-year growth, surging from sub-$10 to nearly $26. Between February and May 2023, SOL maintained its value above $20 but later crashed to $14 in June.
• SOL’s price chart reveals a symmetrical triangle pattern, indicating a potential breakout with significant consequences.
• Key price levels to watch include $20 as resistance and $14 as support.
• The 50-day and 200-day exponential moving averages (EMAs) are nearing a bearish crossover, with SOL trading below both, indicating a bearish sentiment in the market.

Values as on September 14, 2023.

Read More: Solana Price Prediction

Overall Crypto Market Wrap-Up

Overall the broader crypto market has been trading somewhat within a range, holding on to the $1 trillion mark in total market capitalization terms. For the past 30 days, this has been trading between the $1 trillion to $1.08 trillion mark. However, the bias is currently slightly bearish as things seem fundamentally weak. The broader trend has turned bearish, with all major EMA undergoing death cross followed by weak support levels. 

Thus to see a recovery, the market needs to deliver a broad base recovery in order to be able to have meaningful and sustainable bullishness in the near future.