TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Can Bitcoin (BTC) outperform XRP or Ethereum (ETH) soon?

Can Bitcoin (BTC) outperform XRP or Ethereum (ETH) soon?
Denys SerhiichukDenys SerhiichukU.Today

The last day of the week has turned out to be bullish for the cryptocurrency market as most of the coins are trading in the green zone.

Chart

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has grown the least from our list with a rise of only 0.47% since yesterday.

BTCUSD

BTC/USD chart by TradingView

On the daily chart, the price of Bitcoin (BTC) has made a false breakout of the resistance level at $44,776 once again. At the moment, one needs to pay close attention to where the daily candle closes. If buyers' pressure continues, followed by a high trading volume, there is a chance to see sharp growth next week.

Bitcoin is trading at $44,492 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC) as the first altcoin has risen by 0.74%.

ETHUSD

ETH/USD chart by TradingView

Despite the growth, Ethereum (ETH) has not touched its resistance level yet. Thus, the buying trading volume has gone down slightly, which means that bulls might need more time to accumulate energy for a breakout.

If that happens and ETH can overcome the $3,300 mark, the upward move may return the rate to the area around $3,500 soon.

Ethereum is trading at $3,133 at press time.

XRP/USD

XRP is no exception to the rule, going up by 0.76% over the last 24 hours.

XRP

XRP/USD chart by TradingView

Analyzing the mid-term picture, XRP is far away from its key levels, which means that sideways trading is the more likely scenario for the upcoming week. However, if sellers can seize the initiative and return the rate to $0.80, one can expect a decline to the $0.75 mark.

XRP is trading at $0.8295 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Editor's Picks

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Bitcoin price tumbles below $80,000 on Monday amid improved odds of a rate hike with the robust US employment data. Institutional demand holds firm with crypto-focused Exchange Traded Funds recording nearly $1.25 billion in inflows last week. Jupiter and Zcash extend gains over the last 24 hours, leading the broader crypto market rally.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) maintain a constructive outlook on Monday after gaining more than 3.4%, 4% and 4.8%, respectively, last week. BTC holds steady near $80,000 while ETH and XRP show resilience and defend key support zones. The price action of these top three cryptocurrencies suggests consolidation or a mild pullback before an upside move.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.