|

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

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.

More from Denys Serhiichuk
Share:

Editor's Picks

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.