How long can Bitcoin (BTC), Ethereum (ETH) and XRP maintain its continued growth?
This analysis provides an overview of how Bitcoin (BTC), Ethereum (ETH) and XRP have fared and how they will behave from now on.
The cryptocurrency market remains in the consolidation phase, as it is getting more fuel for a sharp change. Almost all of the top 10 currencies are under the influence of bulls, except Bitcoin SV (BSV), whose rate has dropped 0.22% in the past 24 hours.
Below are the main statistics for Bitcoin (BTC), Ethereum ETH) and XRP:
BTC / USD
After strong growth to $ 7,800, Bitcoin (BTC) is currently consolidating between the range of $ 7,500 and $ 7,600. Since yesterday, the increase represented 0.65%.
Looking at the 4H chart, the main currency is stuck in the Wedge pattern. It is a bullish signal confirming continued growth. Bitcoin (BTC) is now getting more fuel. In this particular case, the closest obstacle is the newly formed resistance level of $ 7,800. If buyers manage to exceed it, the next target is $ 8,000.
At the moment, Bitcoin (BTC) was trading at $ 7,566.
ETH / USD
Ethereum (ETH) is growing even faster than Bitcoin (BTC). Its growth has constituted 9.78% since last week. More recently, altcoin has increased its price by 4% since yesterday.
If Bitcoin (BTC) still has the strength to rise, Ethereum (ETH) will also have it to complete its growth. However, before that, altcoin may need to hit $ 200. Bollinger band lines support a possible shift to this crucial resistance zone. In addition, the volume traded remains relatively high, confirming an approximation of US $ 200.
At the moment, Ethereum (ETH) was trading at $ 194.97.
XRP / USD
The XRP was unable to break its $ 0.20 resistance level, which kept trading below the aforementioned mark and around the $ 0.19 zone. The currency rate has remained relatively unchanged since the last week and represented only 1.66%.
The XRP has already started its correction phase, as its business volume continues to fall, as well as its liquidity. This means that buyers are no longer interested in increasing the value of XRP.
Respectively, the first support zone for the next decline is $ 0.1920. However, XRP has every chance in the world to fall below $ 0.19, where most of the liquidity is concentrated.
At the moment, XRP was trading at $ 0.1958.