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BTC and XRP Price Analysis for October 11

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Tue, 11/10/2022 - 13:30
BTC and XRP Price Analysis for October 11
Cover image via www.tradingview.com

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Bears are giving no chances to bulls as the prices of most of the coins keep falling.

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Top 10 coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has gone down by 1.25% over the last 24 hours.

BTC/USD chart by TradingView

From the technical point of view, the situation has not changed since yesterday as Bitcoin (BTC) keeps trading around the vital $19,000 mark. This level is crucial for bulls as, if they lose it, this could lead to a sharp decline to the next support at $18,000. In addition, the volume is low, which means that the main crypto is far from a possible bounceback.

Bitcoin is trading at $19,073 at press time.

XRP/USD

XRP has lost much more than Bitcoin (BTC) with a price change of -6.39%.

XRP/USD chart by TradingView

Despite a sharp fall, XRP has not entered the midterm bearish zone as the rate is above the $0.44 mark.

Related
Ethereum (ETH) Price Analysis for October 10

However, if buyers cannot seize the initiative soon and return the price above $0.50, one can expect a fast downward move within the next few days.

XRP is trading at $0.4873 at press time.

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