This American Wrap report captures a notable divergence in short-term technical positioning across major cryptocurrencies. Bitcoin's rejection near $81,500 and retreat below $80,000 signals that buyers have yet to reclaim momentum, with $79,000 emerging as the immediate support level that could attract dip buyers if tested. XRP's breakout from $1.31 to $1.48 before settling near $1.45 suggests renewed bullish participation, though the pullback from August's $1.70 peak indicates the move is still corrective in nature rather than a full trend reversal. The piece also references an Elliott Wave forecast for Ethereum that was shared with members, pointing to a structured technical outlook for ETHUSD. Readers should watch whether Bitcoin holds $79,000, whether XRP can sustain its post-breakout gains above $1.45, and whether the referenced Ethereum wave analysis gains broader visibility. These are technical observations based on price action and should not be read as directional recommendations.
The post Cryptocurrencies price prediction: XRP, Ethereum & Bitcoin – American Wrap 04 September appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is back below $80,000 at the time of writing on Friday, after an earlier rejection near $81,500. The largest cryptocurrency by market capitalization aims for short-term support at $79,000, which could encourage dip buying. Ripple (XRP) holds onto a bullish bias, trading near $1.45 at the time of writing on Friday. The remittance token is taking a breather after breaking out from $1.31 to highs at $1.48 the day before, underscoring the return of bulls into the back against the backdrop of a drop from August’s peak of $1.70. In this technical article, we will review the Elliott Wave forecast for Ethereum (ETHUSD) that we recently presented to our members. Source: https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-xrp-ethereum-bitcoin-american-wrap-04-september-202609041541
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