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Price Analysis: XRP Bullish, THETA and IOTA Declining |

The crypto market has been under a significant amount of pressure for the last few days, but XRP has stood out as a coin that has been able to buck the trend. In fact, it has seen even more gains than bitcoin. This is because the coin has been able to hold its own against the USD, while most other coins have seen huge declines. There is still a lot of work to do, though, and it has become evident that the coin still needs to break free of the 61.8% resistance level.

The cryptocurrency market has a good 24 hours with the price of Cardano, XRP, Tron and Stellar. The crypto market has a market capitalization of $213,433,128,550 with a circulating supply of 17,734,941,811 BTC.

The XRP rally has continued over the past few days and is expected to continue into the weekend. THETA and IOTA are trading at a loss and may suffer further losses in the same time frame.

The crypto-currency market has largely recovered from last week’s collapse, with bitcoin’s market value once again reaching the $1 trillion mark. Ethereum continued its strong start to the year, reaching a new all-time high above $2,700.

The XRP is also bullish, up almost 50% last week and continuing its advance towards $2. Although THETA and IOTA have shown excellent growth this week, they are currently in a downtrend and have suffered losses in the past 24 hours.

2+ XRP expected this weekend

– Mr. Yoyo ®️™ (@GemHuntersYoyo) April 29, 2021

XRP price forecast

XRP is the most bullish of the three crypto-currencies. The four-hour chart of XRP/USD shows that the cryptocurrency is in a hot phase, and it could continue its run this weekend. It is currently trading above $1.50 and could reach $2 by the weekend. XRP is trading above its 100-day SMA and EMA after strong support at $1.31.

A breakout of resistance at $1.74 could lead to a further breakout towards the $2 level. XRP hasn’t traded above $2 since 2018, but it could exceed that mark if the current trend continues.

4 hour chart of the XRP/USD. Source: Coincide

However, if the XRP fails to break through the next resistance point, it could drop to the $1.31 level. Nevertheless, the $0.90 support level is solid and can easily be defended by the bulls in case of a bearish reversal in the market.

Price forecast for THETA

The week for THETA is going well despite a slight drop in the last few hours. The bears are in charge and if the trend continues, THETA could drop to $10 in the next few hours. Further losses could draw attention to the $7.90 support level.

Chart 4 hours THETA/USD/Source: Coincide

However, THETA’s technical indicators are still positive, meaning the cryptocurrency could turn around again this weekend. A break above $11.90 would create a platform for THETA to strengthen and target resistance at $13.50.

IOTAPrice forecast

Like THETA, IOTA had a positive week despite recent losses. The 4-hour chart of IOTA/USD shows that the crypto-currency is trying to break out of stasis and rush towards the $2.30 resistance point. It is trading above the 100-day SMA and the RSI and MACD are showing upward signals. IOTA could reverse the trend and make a new monthly high above $3 with the help of the overall crypto-currency market.

IOTA/USD 4 hour chart. Source: Coincide

However, if the current trend continues, IOTA could fall below the $1.9 support level. Further losses could push the cryptocurrency back to the $1.50 area.

This source has been very much helpful in doing our research. Read more about theta price prediction 2030 and let us know what you think.

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