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<p>The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space.</p>   
<p>With the present market sentiment turning extremely greedy, is this a good time to invest in Bitcoin, Ethereum, &amp; Ripple? Dive in as, in this article, we have covered the short-term price prospects of the top 3 cryptocurrencies by market capitalization.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h2>   
<p>The Bitcoin price has added 2.23% in 24 hours with a trading volume of $62.123 billion. This has resulted in the BTC price achieving a new ATH of $106,488.25 today. Moreover, it has jumped 5.83% in seven days and 14.67% over the last 30 days.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/16114527/Bitcoin-Price-Analysis-16th-December-2024-1024x540.webp" alt="Bitcoin Price Analysis 16th December 2024" class="wp-image-393430">
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  TradingView: BTC/USDT
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<p>The Simple Moving Average (SMA) has supported the Bitcoin price in the daily chart. On the other hand, the MACD indicator records a constant red histogram, highlighting a mixed price sentiment in the crypto market.</p>   
<p>If the bullish sentiment sustains, the BTC price could head toward its target price of $110,000 during the upcoming time. On the contrary, if a bearish reversal occurs, the star crypto could retest its $100k mark.</p>   
<p>To find out answers to questions like how high can Bitcoin price realistically go? Read <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price prediction</a> until 2030!</p>   
<h2 class="wp-block-heading" id="h-ethereum-eth">Ethereum (ETH)</h2>   
<p>The ETH coin price has maintained its bullish price action by adding ~2% to its valuation over the past day. Further, it has surged 26.84% over the last 30 days and has a YTD return of +73.88%.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/16114540/Ethereum-Price-Analysis-16th-December-2024-1024x539.webp" alt="Ethereum Price Analysis 16th December 2024" class="wp-image-393431">
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  TradingView: ETH/USDT
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<p>The Relative Strength Index (RSI) is on the path of experiencing a bullish convergence in the 1D time frame. Moreover, with its SMA indicator recording a bullish rise, the Ethereum price may continue gaining value this week.</p>   
<p>If the market favors the bulls, the ETH price could reclaim the $4,000 mark. Moreover, if the bullish sentiment intensifies, this could push the price of this altcoin toward its $4,500 level. Conversely, if the bears outrun the bulls, the price could retest its $3.7k level.</p>   
<p>Considering buying the ETH tokens before it hits $5000? Read <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price prediction</a> to uncover the long-term mysteries!</p>   
<h2 class="wp-block-heading" id="h-ripple-xrp">Ripple (XRP)</h2>   
<p>Despite recording a bearish price action over the past week, the XRP coin price has surged 146.68% over the last 30 days. Furthermore, with a Year-to-Date return of +291.52%, this altcoin has outperformed top tokens this year.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/16114553/Ripple-Price-Analysis-16th-December-2024-1024x541.webp" alt="Ripple Price Analysis 16th December 2024" class="wp-image-393432">
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  TradingView: XRP/USDT
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<p>The Moving Average Convergence Divergence (MACD) displays a rising red histogram in the 1D time frame. With a bearish crossover in its averages and a negative SMA indicator, the XRP price hints at a negative action this week.</p>   
<p>Suppose, the bullish sentiment sustains, in that case, the Ripple price will surpass its $2.5 mark and head toward its $3 mark this week. However, if the bears regain dominance, the XRP coin price could drop toward its low of $2 this month.</p>   
<p>To find out if the Ripple price will hit $5 this crypto bull run, Read our <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP Price Prediction</a>. Also, subscribe to CoinPedia to stay updated on the latest cryptocurrency news first!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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 <div class="schema-faq-section" id="faq-question-1734329497878">
  <strong class="schema-faq-question"><strong>Is BTC a buy or sell?</strong></strong> 
  <p class="schema-faq-answer">With the dominance of Bitcoin increasing to 55.98%, the largest cryptocurrency by market cap is highly bullish.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734329499050">
  <strong class="schema-faq-question"><strong>Why crypto market is up today?</strong></strong> 
  <p class="schema-faq-answer">Amid increased bullish sentiment and rising adoption, the crypto market has added over $150 billion to its valuation over the past weekend.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734329499855">
  <strong class="schema-faq-question"><strong>How much will 1 XRP be worth in 2030?</strong></strong> 
  <p class="schema-faq-answer">If the bullish sentiment sustains and the project witnesses increased adoption, in that case, a single XRP token could reach a maximum price of ~$10 by 2030.</p> 
 </div> 
</div>

Bitcoin, ETH, & XRP Price Prediction For This Week: What’s Next As BTC Price Hits $106k?

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