Crypto analyst David expects 100 percent performance from FITFI. Analyst Danielle du Toit predicts that the leading altcoin price will rise in the near future. Analyst Ibrahim Ajibade claims that XRP will head towards the top in 2023.
FITFI price claim: Altcoin has 100% upside potential!
Step App (FITFI) price broke above the long-term range. It is possible that it will continue to rise in the near future. The altcoin price has been trading between $0.0030 and $0.0063 since June 10. He tested both the boost and resistance levels of the range on multiple occasions. Thus, he confirmed the validity of the interval. After the fifth breakout attempt in mid-November, FITFI price finally broke above the range in the following days. This indicates that the previous downtrend has ended. It also indicates that FITFI may have started a new uptrend.
Meanwhile, the daily RSI (Relative Strength Index) has broken above the descending resistance line. Additionally, it follows an upward trend, supporting the potential for further increases. If the upside momentum continues, a valuable resistance level to watch for FITFI is $0.0017, which represents a 102.05% upside from the current price.
FITFI daily chart. Source: TradingViewThe most likely scenario shows that the FITFI price will continue to rise in the near future. The closest target is $0.012. Additionally, the altcoin price also has the potential to reach $0.017. However, this bullish view will be invalidated if the price breaks below the previous range resistance at $0.0063.
ETH price claim: $2,300 remains on target
Leading altcoin Ethereum (ETH) has experienced a slight decline over the last 24 hours. However, spiritual managed to stay above the 2 thousand dollar mark. This latest drop in the price of the cryptocurrency does not tell the whole story. Because its weekly performance is still in the green. From a technical perspective, ETH managed to break out of the short-term negative price channel that formed on its charts in the last two weeks. This happened after the altcoin bounced from the $1,945 support level over the last 3 days. Following this recovery, ETH price increased by more than 6%, allowing it to trade above the $2,065 barrier at the time of writing.
ETH daily price chart. Source: TradingViewIf ETH closes today’s daily candle above this valuable mark, it may have the basis to rise to the next threshold of $2,300 in the next two weeks. On the contrary, if it makes a daily close below $2,065 today, it is possible that the altcoin price could drop to $1,945 in the short term.
However, technical indicators on ETH’s daily chart support the bullish scenario. Moreover, it shows an increase in the strength of the bulls. The first indicator to pay attention to is the Relative Strength Index (RSI) indicator. The RSI line is trying to break above the RSI Easy Moving Average (SMA) line. If these two lines cross, it will trigger a valuable bullish technical flag. Since it is generally a signal that the bulls have the upper hand over the sellers, it is possible for traders to react positively to this potential crossover. In addition, the MACD line is approaching the MACD signal line. When the MACD line rises above the Signal line, it indicates that the positive trend of ETH continues. This confirms that the altcoin has started its journey towards $ 2,300.
XRP price assumption: Altcoin may peak in 2023!
XRP witnessed capital inflows of $88 million in the last 72 hours. This puts XRP, which defends the $0.60 region, on an upward trajectory. On the daily timeframe, the Bollinger Band technical indicator also shows that the XRP price will rise towards $0.70. As you can see below, XRP is trading below the mid-band or easy moving average of $0.64 at $0.62.
This alignment shows that XRP is still far from entering the overbought zone. Traders often interpret this as a bullish signal. Because it shows that XRP is in good condition for further rise. However, it is possible for the bulls to face significant resistance in the upper Bollinger band at $0.70. A decisive break above this range could push the XRP price to a new 2023 high.
XRP price chart. Source: TradingViewOn the downside, it is possible for the bears to invalidate the altcoin price assumption if they manage to break below $0.55. However, the reinforcing buy wall around the lower Bollinger Band at $0.57 will likely prove daunting.
The opinions and claims in the article are those of analysts and are not necessarily investment advice. cryptokoin.comAs, we strongly recommend that you do your own research before investing.
