BTC, ETH, and XRP Are OverHeated But Opportunity Remain Present

• The BTC/USD pair might drop to $41,747 due to the lack of aggressive buyers.
• ETH‘s price could run beyond $3,000 if accumulation returns.
• XRP’s momentum was weak, indicating a downward move to $0.55.

According to Santiment, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have hit historic high-risk profit levels. The post revealed that Bitcoin’s profit level was 83%, Ethereum was 84%, and XRP was 81%. Furthermore, the post noted that previous high-risk profit levels were between 55% and 75%. So, it is likely that the prices of these cryptocurrencies risk a continuous fall from here.

However, the crypto analysis platform admitted that external influences like the ETF might lead to a price increase. But still, investors with a long-term horizon should watch out if the profit levels drop below 75%.

Bitcoin (BTC)

BTC’s rise to $49,000 after the U.S. SEC approved the spot ETFs was short…

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