Bitcoin, Ethereum, Ripple [XRP] Price Analyses
Bitcoin, Ethereum, Ripple [XRP] Price Analyses
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Bitcoin, Ethereum, Ripple [XRP] Price Analyses

By R.L. Bryer - 6 Dec 2022

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Bitcoin Analysis 

Bitcoin’s price has alternated between red and green candles for the last five days and when Monday’s candle was painted, BTC’s price was -$139.9. 

The BTC/USD 4HR chart below from desmondlzw is where we’re beginning our price analyses for this Tuesday. At the time of writing, BTC’s price is trading between the 23.60% fibonacci level [$16,893.58] and 50.00% fib level [$18,470.00]

BTC’s price has been consolidating at the 23.60% fib level since late November and bullish traders now have their sights set on the 50.00% fib level. If they can regain the 50.00% fib level their secondary target is the 100.00% fibonacci level [$21,473.00]. The chartist denotes that BTC’s price is currently bullish because its trading above The Ichimoku Cloud.  

Contrarily, the bearish traders of Bitcoin’s market have targets of 23.60% and a full retracement at the 0.00% fibonacci level [$15,479.00]. 

bitcoin ethereum ripple prices
BTC/USD 4HR chart: the price is trading between the 23.60% fibonacci level [$16,893.58] and 50.00% fib level [$18,470.00]
The Fear and Greed Index is 25 Extreme Fear and is -1 from Monday’s reading of 26 Fear.

Bitcoin’s Moving Averages: 5-Day [$16,943.21], 20-Day [$16,717.47], 50-Day [$18,564.92], 100-Day [$20,077.17], 200-Day [$26,611.1], Year to Date [$29,040.2].

BTC’s 24 hour price range is $16,867-$17,424.3 and its 7 day price range is $16,184.67-$17,424.3. Bitcoin’s 52 week price range is $15,501-$52,027. 

The price of Bitcoin on this date last year was $50,566.6. 

The average price of BTC for the last 30 days is $17,258 and its -15.6% over the same interval. 

Bitcoin’s price [-0.82%] closed its daily candle worth $16,996.2 and in red figures on Monday. 

Ethereum Analysis 

Ether’s price also marked-down during its daily candle on Monday and concluded its trading session -$20.19.  

The second chart we’re analyzing for this Tuesday is the ETH/USD 4HR chart by desmondlzw. Ether’s price is trading between the 38.20% fib level [$1,302.56] and 61.80% fib level [$1,445.55], at the time of writing.

The targets to the upside for bullish ETH market participants are the  61.80% fib level followed by the 100.00% fibonacci level [$1,677.00].

Conversely, bearish ETH traders have a primary aim to push ETH’s price below the 38.20% fib level followed by an attempt to retest the 0.00% fib level [$1,071.11].

bitcoin ethereum ripple prices
ETH/USD 4HR chart: the price is trading between the 38.20% fib level [$1,302.56] and 61.80% fib level [$1,445.55]
Ether’s Moving Averages: 5-Day [$1,273.85], 20-Day [$1,222.80], 50-Day [$1,328.34], 100-Day [$1,472.04], 200-Day [$1,855.83], Year to Date [$2,044.04].

ETH’s 24 hour price range is $1,246.61-$1,305.11 and its 7 day price range is $1,167.87-$1,305.11. Ether’s 52 week price range is $883.62-$4,482.76. 

The price of ETH on this date in 2021 was $4,352.66. 

The average price of ETH for the last 30 days is $1,271.2 and its -16.04% over the same period. 

Ether’s price [-1.58%] closed its daily candle on Monday worth $1,259.54 and also in negative figures for its daily session. 

XRP Analysis

Ripple’s native token [XRP] was also sent marginally lower on Monday and when traders wrapped-up for the day, XRP’s price was -$0.00021. 

We conclude our chart analyses for this Tuesday with the XRP/USD 1W chart from mahyarkj. XRP’s price is trading between the 0 fib level [$0.02483] and 0.5 fib level [$0.23160], at the time of writing.

We can see that XRP’s price continues to respect a long-term uptrend on the weekly timescale that dates back to 2016. 

The overhead targets for bullish XRP market participants are 0.5 and the 1 fib level [$2.15350].

Contrariwise, those that are still expecting further downside on the XRP market want to retest the 0 fib level and a full retrace above two cents.

bitcoin ethereum ripple prices
XRP/USD 1W chart: the price is trading between the 0 fib level [$0.02483] and 0.5 fib level [$0.23160]
Ripple’s 24 hour price range is $0.378-$0.395 and its 7 day price range is $0.378-$0.414. XRP’s 52 week price range is $0.287-$1.015

Ripple’s price on this date last year was $0.827. 

The average price of XRP over the last 30 days is $0.396 and its -14.48% for the same interval. 

XRP’s price [-0.05%] closed its trading session worth $0.389 and in red figures for the fourth time in five days on Monday. 

R.L. Bryer

Since 2009, the onset of the bitcoin network, R.L. Bryer has been covering the space. He is the author of Blockchain: Project Renaissance Volume I and II. He's also been the guest of countless bitcoin and cryptocurrency related podcasts throughout the world. Every opportunity, he speaks on or writes about Austrian Economics and how bitcoin is the world's preeminent money.

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