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BTC, ETH and XRP Price Analysis for September 23

Can Bitcoin (BTC) be an example for Ethereum (ETH) and XRP to follow in the short term?

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Cover image via www.tradingview.com

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The situation on the cryptocurrency market has slightly improved as most of the coins are now located in the green zone and only a few remain under bearish influence.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

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

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$194,372,224,465 $10,507.97 $23,041,680,878 0.37%

Ethereum

ETH

$38,416,584,121 $340.81 $12,745,799,895 0.06%

XRP

XRP

$10,538,597,143 $0.233685 $1,501,141,021 0.76%

BTC/USD

Yesterday, trading was held at medium volumes, and the price of Bitcoin (BTC) was held in a narrow consolidation below the level of $10,500.

👉 MUST READ Bitcoin (BTC) Price Analysis for 9/22related article image
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During the day, the pair managed to break through the resistance of $10,500 several times and, late at night, the price set a local maximum around $10,570.

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

Now the BTC/USD pair is trying to continue consolidation above the strategic level of $10,500. This strategy of the bulls has not yet earned support from other market participants, and therefore one does not see large volumes of purchases. The forecast of a possible price reduction below the psychological mark of $10,000 is still relevant.

Bitcoin is trading at $10,511 at press time.

ETH/USD

Yesterday, the Ethereum (ETH) price stopped its decline and remained in the sideways consolidation in the area of $340. If buyers manage to continue the recovery today, their efforts will be limited to the 2H EMA55.

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

If the bears resume pressure, then the price may break through the support of $320 and update the monthly minimum around the psychological mark of $300.

Ethereum is trading at $341.67 at press time.

XRP/USD

There was no strong pressure from the bears yesterday, and the XRP price managed to consolidate sideways above the $0.230 level.

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

If buyers try to restore the pair today, the price might test the two-hour EMA55, but bulls are unlikely to continue to rise above the average price level. The increase in sales volumes will break the $0.230 support and may lead to new September lows around the $0.213 mark.

XRP is trading at $0.2341 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