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BTC, ETH and XRP Price Analysis for December 30

Can one expect the last bullish run of Bitcoin (BTC), Ethereum (ETH) and XRP by the end of 2020?

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Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Even though bulls keep controlling the market in the last days of the year, some coins are about to enter the correction zone. Mainly, Chainlink (LINK) is the main loser from the list as its rate has fallen by more than 5%.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital information for Bitcoin (BTC), Ethereum (ETH) and XRP today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$519,031,746,909 $27,984.03 $51,768,820,836 3.77%

Ethereum

ETH

$82,713,232,244 $728.41 $16,262,230,450 -0.67%

XRP

XRP

$9,769,466,246 $0.217444 $12,001,580,870 7.76%

BTC/USD

After updating the historic high at the beginning of this week, the Bitcoin (BTC) price rolled back to the two-hour moving average EMA55. Bulls found the support around $26,000 and are trying to continue their race to a new all-time high.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Today the pair may test the level of $29,000 and, by the end of the year, the bulls' target level is most likely the level of $30,000.

Bitcoin is trading at $27,914 at press time.

ETH/USD

The price of Ethereum (ETH) at the beginning of this week tested the upper border of the ascending green channel, updating the annual high at the point of $747. But sellers did not allow for a breakthrough to the resistance of the upper trend line and rolled the pair back to the level of $700.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Yesterday, the pair fully recovered to the zone of the annual maximum, and today buyers are again testing the upper border of the ascending channel.

👉 MUST READ ETH, LINK and BNB Price Analysis for December 28related article image

If bulls manage to break through the trend line and get out of the green corridor, then a retest of the $800 level is possible in the near future. The last time the pair was around this mark was in April 2018 and, since then, Ether's price has never soared so high.

Ethereum is trading at $726.98 at press time.

XRP/USD

Yesterday, the XRP price tested the support of $0.170, renewing the December low at this point. In the evening, buyers managed to form a bullish impulse and restore the price to the resistance area of $0.26 but, over the past night, the volume of purchases has decreased and the pair returned to the channel of $0.17-$0.21.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

This year, in total, XRP has spent more than three months in this side channel. One believes that the lower border of this corridor will keep the price from further decline by the end of the year.

XRP is trading at $0.2160 at press time.

 

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com