Cryptocurrency price forecast on September 2: Bitcoin (BTC), XRP and AAVE

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Bitcoin, XRP and AAVE presented completely different technical aspects on September 2.

When Bitcoin, XRP and AAVE entered the market on September 2, their respective technical forms were significantly different. Bitcoin prices remain trapped in a narrow consolidation range, with XRP trying to recover from the lower edge of its recent range, while AAVE breaking through key resistance levels after a strong rise. These differences make today's price trend particularly noteworthy.

Bitcoin and XRP still need buyers to clear important resistance levels to improve their technical form; while AAVE already has stronger technical indicator support after the latest rise. Key support and resistance levels will determine their respective trading directions for the rest of the day.

Bitcoin prices are still trapped between US$76,700 support and US$79,200 resistance

Bitcoin prices continued to consolidate yesterday, briefly falling to around US$76,000, before buyers pushed BTC back. Bitcoin currently trades at around US$77,600 and continues to fall between two important technical levels.

Judging from the Bitcoin chart, support is around US$76,700, close to the area where buyers re-enter in the near future. The resistance level is still near US$79,200, and BTC has not been able to effectively break through this position during this round of consolidation.

If it can successfully break through US$79,200, it is expected to open up space for US$81,000 today. If you cannot hold $76,700, you may expose the $75,800 area below.

The 5-hour technical indicators of Investing.com are still cautious. The RSI(14) is 46.313, which is in the neutral region, indicating that neither buyer nor seller has established a clear advantage. MACD(12, 26) is-228.4, showing a sell signal. The ultimate oscillator is 48.271, slightly below the neutral midpoint, and also gives a sell signal. The long and short power is-862.1739, indicating that the seller still has the advantage.

Bitcoin Price Forecast for Today

Bullish Scenario: Bitcoin breaks through $79,200 and is expected to continue its rally to $81,000.

Neutral scenario: BTC continues to consolidate between $76,700 and $79,200.

Bear scenario: Bitcoin lost $76,700 and may fall to $75,800 today.

XRP prices try to recover again from the lower edge of the consolidation range

XRP prices previously fell to around US$1.326 in a 4-hour period, and then rebounded from the region. Key support remains around $1.336, but XRP needs to recover higher levels to make the technical side stronger.

If the recovery continues, XRP is expected to rise to US$1.3889, challenging US$1.41-which is the stronger resistance in the current consolidation range. If it effectively breaks through US$1.41, it may leave room for a rise to US$1.46 if volatility is favorable to buyers.

The 5-hour indicator is still weaker than the recent rally suggests. The RSI(14) is 40.44, showing a sell signal, indicating that buying pressure is weak but has not yet entered oversold territory. The MACD is-0.02 and the ultimate oscillator is 48.426, both giving sell signals. The long and short force is-0.0376, indicating that although the XRP price has rebounded, short pressure still exists.

Today's XRP price forecast

Bullish scenario: XRP breaks through US$1.41 and is expected to rise to US$1.46 when the market strengthens.

Neutral scenario: XRP continues to operate within a broader consolidation range, with $1.3889 and $1.41 limiting upside.

Bear scenario: XRP fell below US$1.35 and may retest support around US$1.336 today.

AAVE prices soared to exceed US$130, and Aave V4 deposits exceeded US$800 million.

AAVE prices have risen strongly in recent 4-hour periods, and their gains are still strong. AAVE has broken through the important resistance level of $130 and is now trading around $134.

The recent growth of Aave V4 provides a fundamental background for this trend. Total deposits in Aave V4 increased by about 30% in one week and have now exceeded $800 million. Active loans also hit record highs, indicating that while deposits have increased, utilization has also increased.

Network and product expansion are driving this growth. EtherFi Cash on Optimism has become one of the largest Aave V4 markets, with recent deposits of approximately US$257 million. Aave also continues to advance work on other networks and products, including its Monad infrastructure and more V4 integrations.

AAVE prices now need to prove that a breakthrough of $130 is effective. If the nearby resistance level of $134 is exceeded, it is expected to test $141 today while buyers maintain control. If momentum cools, AAVE could trade between US$130 and US$134 for the rest of the day.

A break below US$130 will weaken the effectiveness of the latest breakthrough and may cause AAVE prices to fall back to US$126 and return to the consolidation range formed in late August.

Technical indicators are also biased towards the buyer. The RSI(14) is 68.61, showing a buy signal, indicating strong buying. The reading is close to the 70 overbought level that is usually concerned about, so further upside could make AAVE overstretched in a shorter time frame. MACD is positive 0.42, showing a buy signal and supporting the current bullish direction. The ultimate oscillator is 66.656, which is also biased towards the buyer. The long and short power reached 9.228, indicating that long pressure still dominates.

Name| numerical| Signal
RSI(14)| 68.61 |Buy
MACD(12,26)| 0.42 |Buy
Ultimate Oscillator| 66.656 |Buy
Long and Short Power (13)| 9.228 |Buy

Today's AAVE price forecast

Bear scenario: AAVE fell below US$130 and may fall back to US$126, weakening the latest breakthrough.

Bullish scenario: AAVE exceeded $134 and is expected to continue its rally to $141.

Neutral scenario: AAVE holds $130, but remains between $130 and $134 for the rest of the day.

Frequently Asked Questions

What will Aave be worth in 2030?
Forecasts for Aave (AAVE) in 2030 range widely, ranging from $150 to more than $1,500, depending on market models and institutional outlook.

What happens if I invest $20 to buy Bitcoin?
Buying Bitcoin for US$20 can only buy a small portion of Bitcoin, and its value will fluctuate up and down based on changes in market prices.