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The crypto market’s volatility is not stoping more and more optimistic predictions from popping up in the crypto space about the prices of the most important coins out there.
Now, new price predictions for Cardano, Ethereum, and XRP are out. Analyst Scott Melker dropped some important insight into these coins, and you can check out all the available details below.
Scott Melker analyzes ETH, ADA, and XRP
Scott Melker said that the aforementioned coins are threatening to take out their immediate resistance levels.
He said that he’s watching the price action of ETH as it looks to exhaust sellers at $3,330.
“But ultimately, you want to see [ETH] hold $3,000. That’s the top of this range… And the real trade now is one, two, three, four, five, six touches unable to break $3,330. You want to get above that and then hope that we continue to rise.”
Above $3,330, Melker predicted that Ethereum could surge to his target of $4,384.
At the moment of writing this article, ETH is also trading in the red and the coin is priced at $3,350.76.
Regarding Cardano’s ADA, the analyst said that the “sky’s the limit” for ADA after it breached its resistance of $2.47 and then retested it as support.
At the moment of posting this piece, ADA is trading in the red and the digital asset is priced at $2.81.
Next up is XRP, which the crypto strategist says is gearing up to ignite a rally as long as it holds a key level.
“If it holds $1.10, we should expect price to be heading up to the $1.50 to the $1.70 region, ultimately, almost $2. After that, we can figure it out.”
XRP is also a coin that’s trading in the red today and at the moment of writing this article, the coin is priced at $1.13.
Stay tuned for more news and make sure to keep your eyes peeled on the market.