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BTC, ETH and XRP Price Analysis for November 14

Has the top coins entered the correction period yet?

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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.

Traders might have started fixing their positions as almost all of the Top 10 coins are in the red zone. XRP and Bitcoin Cash (BCH) are the only exceptions to the rule.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The important statistics for Bitcoin (BTC), Ethereum (ETH) and XRP today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$294,526,564,326 $15,887.41 $30,773,667,890 -1.84%

Ethereum

ETH

$51,943,336,065 $457.97 $13,450,400,075 -0.83%

XRP

XRP

$12,017,878,235 $0.265131 $4,241,743,901 2.96%

BTC/USD

Even though Bitcoin (BTC) has declined by 1.84% since yesterday, the current week has been positive for the main crypto. Its rate has increased by 2.47%.

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

On the daily chart, Bitcoin (BTC) might face a correction soon, although the bullish trend has not been broken yet. The trading volume is going down slightly, which means that buyers are losing their efforts and are unable to fix above $16,000 from the first attempt. In this case, the short-term drop to $14,000 is the more likely scenario.

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Bitcoin is trading at $15,877 at press time.

ETH/USD

Ethereum (ETH) could not show as much growth as the chief crypto. The rate of the main altcoin has even reduced by 0.52% over the last 7 days.

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

According to the technical analysis, Ethereum (ETH) is also unlikely to keep growing without a correction. The current daily candle is about to absorb yesterday's, which may confirm bears' pressure. Thus, the MACD indicator might switch to red soon. If that happens, the next target at which bulls might seize the initiative is $450.

Ethereum is trading at $460.33 at press time.

XRP/USD

XRP is the only coin from today's list whose rate has risen over the last day. The price change has accounted for almost 3%.

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

XRP has fixed above the crucial zone at $0.2546a recent support. According to the Relative Strength Index indicator, the coin has not reached the overbought zone yet. This means that growth potential remains.

👉 MUST READ XRP Price Analysis for November 13related article image

However, to gain more effort, XRP needs to accumulate more power within some time. This is why sideways trading in the $0.26-$0.27 range is the more likely scenario.

XRP is trading at $0.2677 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