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BTC, ETH and XRP Price Analysis for January 9

Which coin out of the top three list can grow faster than others?

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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.

The weekend has begun with a relatively neutral mood on the cryptocurrency market as neither bulls nor bears are dominating at the moment.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital statistics on Bitcoin (BTC), Ethereum (ETH) and XRP today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$763,110,272,491 $40,934.38 $76,097,995,766 -0.49%

Ethereum

ETH

$140,200,687,069 $1,230.88 $36,337,198,818 -2.20%

XRP

XRP

$14,872,613,391 $0.3305 $8,520,046,810 -0.59%

BTC/USD

Yesterday, the Bitcoin (BTC) price rolled back to the hourly EMA55 level and, finding support there, buyers began to restore the price to the January high zone. By the middle of the day, the volume of purchases made it possible to overcome the $40,000 mark and continue the bull run.

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

By this morning, the pair recovered only to the resistance of $40,000 and trading volumes decreased. The price cannot continue to recover to the zone of the renewed January maximum.

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One assumes that the pair will spend the first half of the day in a sideways consolidation with support at the level of average prices. If, by the end of the week, bears push the moving average, then a retest of the support at $36,300 is possible.

Bitcoin is trading at $40,878 at press time.

ETH/USD

Yesterday morning, a rather deep pullback of the ETH/USD pair (below EMA55) did not allow buyers to continue the growth of the Ether price to a new January high.

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

The recovery got stuck around the $1,275 mark and, before the end of the day, sellers again brought the ETH price back below the hourly moving average. Over the past night, the pair was able to recover above average prices, but trading volumes are low and it looks like a narrowing sideways range is forming.

Ethereum is trading at $1,228 at press time.

XRP/USD

Yesterday, buyers made great efforts to pull the pair out of the $0.28-$0.31 side channel. During the day, they managed to test the
$0.345 level but, by the end of the day, the XRP price still rolled back to the upper border of the $0.310 sideways range.

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

If the bears push through this support today, the pair will roll back to the moving average EMA55, which is around the $0.30 mark.

XRP is trading at $0.3255 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