BTC, ETH and XRP Price Prediction for December 2

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As a seasoned analyst with years of experience navigating the volatile crypto markets, I find myself observing a somewhat neutral market mood to kickstart this week, as per CoinMarketCap. My personal preference is always to approach such situations with a cautious yet optimistic mindset, having learned from past experiences that even the most predictable trends can take unexpected turns in this space.

A new week has started with a neutral market mood, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) has dropped by almost 2% over the last 24 hours.

On the day-to-day graph, the Bitcoin price has dropped following an unsuccessful surge past the $99,100 resistance point. For now, it’s crucial to keep an eye on the temporary support level at $95,000.

If the bar’s closing price is close to or slightly below this range, it’s likely that the correction will extend towards the $90,000 to $92,000 region.

Bitcoin is trading at $95,467 at press time.

ETH/USD

Ethereum (ETH) has followed the decline of BTC, falling by 2.38%.

Viewed technically, the price trend for Ethereum (ETH) resembles Bitcoin (BTC). If selling pressure persists and the day ends near current levels, it’s possible we could reach a test of around $3,500 by the week’s end.

Ethereum is trading at $3,610 at press time.

XRP/USD

XRP is an exception to the rule, rocketing by 23.38%.

Regardless of today’s significant increase, traders should pay attention to whether the day’s closing price falls below the highest point of yesterday’s candle. If it does, this could signal that bears might temporarily gain control, potentially leading to a decline towards the $2 – $2.20 region.

XRP is trading at $2.3706 at press time.

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2024-12-02 18:10