Back

BTC, ETH and XRP Price Analysis for October 25

Can Bitcoin (BTC) remain the fastest growing crypto next week?

article image
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.

By the end of the week, most of the Top 10 coins are in the red zone. Bitcoin (BTC) and Litecoin (LTC) are the only assets that are still located in the bullish zone since yesterday.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

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

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$240,616,910,399 $12,987.79 $28,203,807,793 0.03%

Ethereum

ETH

$46,233,146,374 $408.60 $13,130,664,598 -1.12%

XRP

XRP

$11,465,157,209 $0.253384 $1,673,340,355 -0.81%

BTC/USD

Even though the rate of Bitcoin (BTC) Is unchanged over the last day, the chief crypto is the fastest growing one in the Top 3 list over the last week. The price change has made up +13.77%.

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

On the daily chart, Bitcoin (BTC) is overbought, which is confirmed by a RSI indicator located above the mark of 70. In addition, the trading volume is going down, which means that buyers lack the power to push the rate higher. In this case, the first stop where bulls may show resistance is at the support of $12,500.

Ads
Ads

Bitcoin is trading at $12,980 at press time.

ETH/USD

Ethereum is the main loser today, as the main altcoin has declined by 1.12% over the last 24 hours.

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

Ethereum (ETH) has already faced a correction phase after a false breakout of the $415 level. However, one should not expect a sharp dump from the current level as the selling volume is also low.

👉 MUST READ BCH, LINK, BNB and ADA Price Analysis for October 24related article image

That is why there is a high chance of seeing a consolidation in the yellow range of $380-$400 before the ongoing decrease continues or bulls seize the initiative.

Ethereum is trading at $409.18 at press time.

XRP/USD

XRP gained the least over the week compared to Bitcoin (BTC) and Ethereum (ETH). The rate of the altcoin has risen by only 4.72%.

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

On the daily time frame, XRP is looking more bullish than Bitcoin (BTC) or Ethereum (ETH). After a false breakout of the resistance, the coin is not going down, which confirms ongoing buyers' potential. Thus, the trading volume is also quite high. If nothing crucial happens, the next target for bulls is the mark of $0.2635, which might be achieved soon.

XRP is trading at $0.2535 at press time.

 

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

article writer image
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