BTC, ETH and XRP Price Analysis for October 12

The cryptocurrency market was neither bullish nor bearish on the last day of the week. Litecoin (LTC) is the top gainer from the Top 10 list, going up by 2.55% since yesterday.

The key data for Bitcoin (BTC), Ethereum (ETH) and XRP:

BTC/USD

Bitcoin (BTC) keeps locating in the green zone over the last day. The passing week has been positive for the main crypto as its rate has increased by 7.31%.

Bitcoin (BTC) has almost returned to the resistance level at $11,570. Bulls are unlikely to break it for the first time; thus, traders may expect a false breakout of that zone. If that happens, there is a high chance of seeing the leading crypto below $10,000 in the near term. Thus, the low liquidity level supports the upcoming drop.

Bitcoin is trading at $11,370 at press time.

ETH/USD

Ethereum (ETH) is an even greater gainer than Bitcoin (BTC). The rate of the chief altcoin has risen by almost 8% over the previous 7 days.

On the daily time frame, Ethereum (ETH) still has room for growth. The lines of the Bollinger Bands indicator are going up, confirming the upward movement.

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In this case, the resistance at $400 can be considered the last local mark reached by bulls. After that, bears are likely to seize the initiative.

Ethereum is trading at $374.17 at press time.

XRP/USD

XRP is the top gainer today as the price of the altcoin has gone up by more than 1%, while the price change over the last week has made up +10.1%.

XRP is trading similarly to Ethereum (ETH) as it has a high chance to keep growing from the current levels. However, it is unlikely to set new peaks as the buying trading volume is declining. All in all, a rise is possible to the resistance at $0.2688, followed by the upcoming correction.

XRP is trading at $0.2571 at press time.