CryptoComes Original Article
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.
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%.
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.
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.
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.
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%.
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.
