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BTC, ETH and XRP Price Analysis for November 10

Will we see a correction of the top coins soon?

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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 cryptocurrency market is facing uncertainty now as neither bulls nor bears are dominating at the moment. Some coins from the Top 10 list are in the green zone, while others are in the red.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

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

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$282,892,381,562 $15,259.83 $33,743,222,505 -1.93%

Ethereum

ETH

$50,631,151,888 $446.61 $14,517,817,843 -1.44%

XRP

XRP

$11,596,602,137 $0.255925 $3,722,809,777 0.77%

BTC/USD

Yesterday, in the morning, buyers once again tried to break through the upper border of the channel and test the 78.6% Fibo level ($16,125). After the breakout of the upper trend line, growth stopped at the level of $15,800. In the afternoon, bears renewed the pressure and returned the Bitcoin (BTC) price to the upward channel.

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

By the end of the day, buyers restored the pair to the upper border of the corridor and, overnight, trading volumes decreased and by morning the pair consolidated in a narrowing rangeusing the hourly EMA55 as support.

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Today, attempts to retest the 78.6% Fibonacci level may be repeated. If bulls form a powerful impulse, they will break this level and renew the annual high around the $16,200 mark.

Bitcoin is trading at $15,230 at press time.

ETH/USD

The price of Ethereum (ETH) yesterday could not continue the struggle for the retest of the trendline, which runs around the $470 mark. The pair spent the whole day in a narrowing range at the level of average prices.

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

Today, buyers may continue to try to break the trend line and test the resistance of $380. If bears push through the hourly EMA55, the price may roll back to the support of $420.

Ethereum is trading at $445.99 at press time.

XRP/USD

Yesterday, the XRP price failed to gain a foothold above the trend line. After an unsuccessful breakout attempt, the pair rolled back to the support of the POC line ($0.245), which limited the onslaught of sellers.

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

If buyers restore the pair above the trend line today, they will once again try to break through the $0.260 resistance. If the trading volumes are small, the pair will remain within a wide sideways range.

XRP is trading at $0.2553 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