5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

22 April 15:34

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
Last week, after experiencing a rapid decline overall, the crypto market experienced a halving of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, which has brought some recovery to the market and market volatility. It is still in this cycle as it enters the weekend closing stage. Several key mainstream currencies have seen some price increases compared to last week's period, but there has been no significant upward trend. BTC and ETH have experienced significant ups and downs within a week, with a current upward trend, but prices still fluctuate. This week, the crypto market has experienced significant market changes, with a significant rebound in market value compared to last week. Currently, it remains around $2.37 trillion, with an increase compared to the same period the previous week. The market sentiment index has returned to 62, and the prices of several top key currencies have rebounded throughout the week, but the magnitude is currently relatively small. At present, the top five cryptocurrencies in the total market value of the crypto market are still Bitcoin (BTC), <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), and Ripple (<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>).

Last week, the five significant currencies' weekly price trend continued the previous weekend's downward trend at the beginning of the week. After experiencing a halving of Bitcoin, the market began to enter a new cycle of volatility. By the end of the weekend, it began to show an overall recovery trend. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.

## Bitcoin（BTC）
BTC has risen by about 0.72% this week and is closing at around $64,833. Within a week, the price has fallen to nearly $60,000. After experiencing a rapid decline before halving, the coin has continuously fluctuated below $70,000. After entering the weekend stage, the production cost of BTC increased rapidly due to the halving effect, and miners' profits were very high in the short term. However, the impact on this coin's price is still relatively small. The price fluctuation of BTC within a week has slowed down compared to last week. The high point of the week's price was $66,743 at the beginning of the week, while the low point was around $60,163 before the halving of the market.

Analysis suggests that the price trend of BTC within a week is mainly influenced by the continued rapid decline in the market last week, coupled with the halving of its experience this week, which has had a certain impact on the price of the coin. However, there has not been a particularly significant rise or fall in the short term. At present, multiple BTC L2 networks have been intensively launched, but it will take some time for them to have more price impacts on the coin. Compared to the one-week low point, the price of BTC has shown significant fluctuations, and it will likely continue to fluctuate upward in the next week.
![](https://gimg2.gateimg.com/image/article/17137710531.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
ETH rose 2.02% this week and closed near $3,146. The weekly trend of ETH's coin price is smoother than BTC's candlestick chart. Similarly, due to the influence of news factors, the Bitcoin halving mainly impacts the overall market, with less direct impact on ETH itself. At present, the slight recovery in this round of the market is mostly adjusted to follow the fluctuations of the overall market. The price of ETH has not yet returned to the previous $3,500 range, and remains in the continuous fluctuation range of $3,100 to $3,200. The high point of ETH's weekly price is around $3,274 during the opening period, while the low point appears around $2,878 during the rapid market decline period before the halving of BTC, similar to the low point of last week's price.

Analysis suggests that the price of ETH has performed more this week and is still in a state of continuous fluctuation within a small price range. Influenced by changes in the overall market situation, it has entered the weekend closing stage and rebounded slightly. The approval process of US spot ETFs is still hindered, and it is obvious that there is a lack of significant price support factors in the near future. The subsequent trend will still show a trend of changing with the overall market situation.
![](https://gimg2.gateimg.com/image/article/17137710792.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB rose 4.13% this week and closed near $576. The price of BNB was also affected by key events, and after entering the weekend closing stage, it continued to rise with a sharp increase in market trading volume, with the coin price breaking through $580 at one point. Presently, the coin as a whole is in a relatively high-frequency upward oscillation cycle. With the completion of BTC halving, the probability of overall market recovery is relatively high, which is favorable for the price expectation of BNB. The high point of BNB's weekly price was around $585 at the beginning of the week, while the low point dropped to around $516.

Analysis suggests that the weekly price fluctuations of BNB reflect the fluctuations brought by key events to the market. As the crypto market enters a new cycle of volatility over the weekend, BNB prices also show a rapid rebound trend. At present, the coin is still in a volatile state, but it is expected to experience further price recovery next week. This is based on the clear upward trend of the crypto market next week, and the probability of breaking through the $600 price level is relatively high.
![](https://gimg2.gateimg.com/image/article/17137710993.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL rose 5.08% this week and closed near $149. The price trend of SOL within a week is mainly characterized by rapid intraday fluctuations before the weekend closing period, with most of the time remaining in the range of $130- $140 and continuing to fluctuate. After entering the weekend, there was a significant increase, and the coin price again broke through $150. The high point of the coin's weekly price is around $155 during the opening period, while the low point drops to around $127.

Analysis suggests that market fluctuations will influence the SOL prices this week. Last week, the coin experienced a significant decline in this downward trend, and this week, there has been a noticeable recovery trend. However, although the current SOL price has rebounded somewhat, it has not yet returned to above $150. At present, the coin is still in a slightly volatile cycle overall, and it is expected to follow the market trend and further recover next week, with a high probability of exceeding $160 in price.
![](https://gimg2.gateimg.com/image/article/17137711234.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP rose 6.63% this week and closed near $0.5241. The price trend of XRP this week is different from several other mainstream currencies. Although there has been a rapid, short-term decline, the overall price has remained above $0.49. This is due to a series of market actions taken by Grayscale recently around halving BTC, which has provided XRP with significant price support. The high point of the coin's weekly price is around $0.5366 during the closing period, while the low point drops to around $0.4721.

Analysis suggests that XRP was mainly affected by the rapid changes in the market this week. With the relevant actions of external news, the upward momentum of price changes within the week was stronger than other mainstream currencies. The price of this coin will likely continue to fluctuate with the market in the following week, but the upper limit of the price increase may not be as high as other mainstream currencies, and the probability of breaking through $0.58 is relatively small.
![](https://gimg2.gateimg.com/image/article/17137711475.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to Come?
This week, the prices of BTC, ETH, BNB, SOL, and XRP have rebounded to a certain extent compared to the same period last week. Currently, they are still in a fluctuating cycle, but there is a high probability of sustained upward trend in the next week. Due to the overall impact caused by the halving of BTC, the mainstream market situation will experience more frequent changes in the following week. The price trends of several mainstream currencies in the short term have been explained separately, but the temporary impact of news factors cannot be ruled out. More accurate information needs to be obtained through daily market fluctuations.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

BTC/USDT -2.07%

ETH/USDT -2.17%

GT/USDT -1.13%

TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Solana（SOL）

Ripple（XRP）

What is to Come?

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