Bulls have failed to seize the initiative as most of the coins remain in the red zone. Cardano (ADA) is the only exception to the rule, rising by 0.75%.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) could not keep the rise after yesterday's bullish candle, going down by 1% over the last 24 hours.
BTC/USD chart by TradingView
Despite today's drop, Bitcoin (BTC) has also made a false breakout of yesterday's low of $29,440. If buyers can hold the rate above this mark by the end of the day, there is a chance to see a rise to the area around $30,000 within the next few days.
Bitcoin is trading at $29,608 at press time.
ETH/USD
Ethereum (ETH) is the biggest loser from the list today, declining by 2.55%.
ETH/USD chart by TradingView
Ethereum (ETH) is trading similarly to Bitcoin (BTC) as bears have turned out to be more powerful than bulls. In addition, the selling trading volume has increased. In this regard, one can expect a further drop below the important $2,000 kevel soon.
Ethereum is trading at $2,012 at press time.
XRP/USD
XRP has followed the drop of other coins as the rate has declined by 2.16%.
XRP/USD chart by TradingView
Despite the fall, XRP remains trading above the vital $0.40 mark, which means that bulls are not ready to give up so easy. However, if bears' pressure continues, traders may see a sharp price drop to the zone around $0.35-$0.37 shortly.
XRP is trading at $0.41369 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Ripple's move above this key level could trigger nearly 50% rally for XRP
Ripple has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days. Investors can expect XRP to kickstart a massive rally.
Optimism price outlook with nearly $90 million worth of OP tokens flooding markets on Friday
Optimism volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui, which have similar events on their calendars. As token unlocks are often considered bearish catalysts, investors should brace for a reaction after the event.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Retail watches from the sidelines with a bias for shorts
Bitcoin could clear $73,777 peak as BTC bulls resurface. Ethereum might fall 10% before next leg up as ETH RSI teases with sell signal. XRP could lose $0.6000 threshold as Ripple bulls fail to show up.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito price action shows a potential cup and handle formation. Based on theoretical measurement rules, a successful breakout could yield a 56% rally to $6.0. A breakdown of the $3.86 support level would create a lower low for JTO and invalidate the bullish thesis.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.