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Can XRP and Polkadot (DOT) rise faster than Bitcoin (BTC) for a while?

Can XRP and Polkadot (DOT) rise faster than Bitcoin (BTC) for a while?
Denys SerhiichukDenys SerhiichukU.Today

Bulls are trying to seize the initiative by the end of the week, as some coins have come back to the green zone.

Chart

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has fallen by 4.40% over the past seven days.

BTC

BTC/USD chart by TradingView

Bitcoin (BTC) is still locating in the sideways trend even though its rate has declined by 0.12% since yesterday. At the moment, a rise is more likely than a decrease as the main crypto remains trading above the support at $32,000.

In this case, there are chances to get to the zone of the most liquidity at $37,200 next week.

Bitcoin is trading at $33,710 at press time.

XRP/USD

XRP is the biggest loser today in terms of the weekly price change as its rate has gone down by 9%.

XRP

XRP/USD chart by TradingView

Despite the fall, XRP is also bullish as bears are weakening, taking into account the falling selling trading volume. If bulls keep XRP above $0.60, the nearest resistance at $0.70 might be attained shortly.

XRP is trading at $0.6251 at press time.

DOT/USD

The rate of Polkadot (DOT) has remained the same over the past 24 hours.

DOT

DOT/USD chart byTradingView

Polkadot (DOT) remains neutral as it remains trading in a narrow range. The bullish scenario becomes relevant if buyers break the resistance at $17 and fix above it.

DOT is trading at $15.38 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.

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