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CoinGape 2025-03-21 12:38:30

BTC, XRP, ETH Price Prediction as $4.7 Trillion US Stock Market Options Expire Today

Crypto market today remains calm as the focus among investors shift from this week’s Federal Reserve decision to the upcoming triple-witching event. This is a crucial quarterly event when stock options worth over $4.7 trillion will expire. This crypto prediction explores how this event will affect coins like Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). US Stock Market Options Expiry Could Hit the Crypto Market This week, major events tested the stock and crypto market. The Federal Reserve delivered its second interest rate decision of the year, while the SEC ended its Ripple lawsuit . Donald Trump also delivered a pre-recorded speech at a crypto conference. The next test for crypto prices will happen on Friday when the Triple Witching event happens . This is an important event that happens each quarter when options expire. In this week’s event, the expectation is that options volume worth between $4.5 trillion and $4.7 trillion will expire. The witching event explains why American stocks largely erased some of the gains made after the FOMC decision . That happened since more activity related to roll-outs, position closing, and roll-downs happened. Stock tends to drop ahead of the triple-witching event. Dow Jones index futures dropped by 140 points, while those tied to the S&P 500 and Nasdaq 100 fell by 0.50%. The US stock market futures expiry has an impact on cryptocurrencies like BTC, ETH, and XRP because of their close correlation. BTC Price Technical Analysis There is a risk that the BTC price is on the verge of a bearish breakdown ahead of the triple-witching event. This case is emerging because Bitcoin price has been rising gradually this week, moving from a low of $76,402 this month to $83,890. The recent rebound has led to the formation of a rising wedge pattern. This is a popular bearish sign made up of two ascending and converging trendlines.With these two lines nearing their confluence, the BTC price will likely have a bearish breakdown to $76,400. The bullish Bitcoin forecast will become invalid if it rises above $89,240, the neckline of the double-top at $108,300. BTC Price Chart ETH Price Technical Analysis The ETH price is also at risk of a breakdown because it has formed a bearish flag pattern. This pattern comprises a vertical line and a rectangle pattern. It often leads to a strong breakdown. Ethereum price has moved below the key support at $2,120, the neckline of the triple-top pattern at $4,000. These patterns, coupled with the death cross that happened in February, means that ETH price crash to $1,500 is possible. ETH Price Chart XRP Price Technical Analysis The daily chart shows that the XRP price has lost momentum after the SEC ended the Ripple case . That is a sign that XRP remains at risk of further downside since it has failed to move above $3. Rising above that level is important for the coin to invalidate the head and shoulders pattern that has formed this year. Therefore, there is a risk that the Ripple price will have a bearish breakout. XRP Price Chart Summary on the US Triple Witching Event The $4.7 trillion US stock options expiry known as triple-witching, is a major event that happens once per quarter. It leads to volatility, which could impact crypto prices, which are now vulnerable after forming bearish patterns. The post BTC, XRP, ETH Price Prediction as $4.7 Trillion US Stock Market Options Expire Today appeared first on CoinGape .

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