3 Major Crypto Assets Price Predictions: BTC, ETH, and XRP holders take profits, suggesting a potential short-term pullback.

Bitcoin (BTC) price is facing a pullback, dropping below $118,000 in the Asian afternoon session today (15th), as traders opted to take profits after a strong pump. Ethereum (ETH) and Ripple (XRP) followed Bitcoin's footsteps, pulling back nearly 2% and 3% respectively, breaking below the key levels of $3,000 and $3.

On-chain data shows that the net flow of Bitcoin to exchanges (the difference between the BTC flowing into and out of exchanges) is positive, reaching its highest level since February 25. The increase in inflows suggests that investors may be selling off Bitcoin, which could lead to a short-term pullback in ETH and XRP.

(Source: CryptoQuant)

BTC Price Analysis

FXStreet analyst Manish Chhetri stated that Bitcoin price surged, setting a historical high of $123,218 at the start of this week, but failed to close above the psychological barrier of $120,000. As of Tuesday when this article was written, the price of Bitcoin has fallen by 2%, trading below $118,000.

If Bitcoin continues to face a pullback, the downtrend may extend to the next daily support level of $111,968.

Relative Strength Index (RSI) is at 66, continuing to decline after breaking through the overbought state on Monday, indicating that bullish momentum is weakening. Furthermore, if the RSI continues to fall and closes below the neutral level of 50, Bitcoin could experience a significant drop.

However, if Bitcoin rises daily and closes above $120,000, it may continue its pump, reaching a historical high of $123,218.

(Source: Trading View)

ETH Price Analysis

Ethereum's price closed above the daily resistance level of $2,724 on Wednesday, up 8.6% as of Monday, but failed to close above the $3,000 resistance level. As of Tuesday when this article was written, the ETH price had slightly fallen, trading below $2,971.

If ETH continues to pull back, the downtrend may extend to the daily support level of 2,724.

The RSI reading is 69, falling below the overbought level on Monday, indicating that bullish momentum is weakening.

On the other hand, if the daily closing price of ETH exceeds $3,000, it may continue to pump and re-test the next daily resistance level of $3,730.

(Source: Trading View)

XRP Price Analysis

XRP continues its upward trend, having broken through the intraday resistance level of $2.72 last week, and on Monday re-tested the psychological barrier of $3. However, as of Tuesday when this article was written, the coin is facing a pullback, with the trading price falling below $2.88.

If XRP continues to pull back, it may extend its downtrend and retest its daily support level of $2.72.

The RSI on the daily chart is 76 and pointing towards the overbought level of 70, indicating that XRP is in an extremely overbought region. Additionally, the RSI continues to decline and has fallen below the overbought level of 70. In this case, it suggests that bullish momentum is weakening and may pave the way for further pullback in the short term.

On the contrary, if the daily closing price of XRP is above $3, it may continue its pump and retest the high of $3.40 from January 16.

(Source: Trading View)