Can BTC grow faster than Ethereum (ETH) or XRP in the short-term view?
|The last day of the week has turned out to be bearish for most of the coins. Binance Coin (BNB) is the only exception to the rule, rising by 1.12% since yesterday.
Top 10 coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) has shown a price decrease since yesterday. It declined by 2.54%.
BTC/USD chart by TradingView
On the daily chart, Bitcoin (BTC) has bounced off, confirming the fact that yesterday's decline was just a drop to gain liquidity for the ongoing rise.
In this case, the leading crypto now has the chance to test the level of $58,500 shortly.
Bitcoin is trading at $57,660 at press time.
ETH/USD
The rate of Ethereum (ETH) has not decreased as much as that of Bitcoin (BTC).
ETH/USD chart by TradingView
From the technical point of view, Ethereum (ETH) is ready to keep the growth going after yesterday's decline, as one can consider the drop a retest of the mirror level but not the start of a bearish trend. Respectively, the potential short-term target is $2,300.
Ethereum is trading at $2,055 at press time.
XRP/USD
XRP is the top loser today as its rate has gone down by 4.37%.
XRP/USD chart by TradingView
Despite the decline, the long-term trend remains bullish. Buyers' dominance will become more visible when XRP fixes above $0.652. In this case, the next level of $0.75 may be attained within the next few days.
XRP is trading at $0.5892 at press time.
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