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The prices of some coins keep rising, while others have come back to the red zone, according to CoinStats.
BTC/USD
The rate of Bitcoin has declined by almost 2% since yesterday.
The price of BTC keeps gaining energy for a further move. Such a statement is also confirmed by the falling volume. In this regard, ongoing sideways trading in the range of $58,000-$60,000 is the more likely scenario until the end of the week.
Bitcoin is trading at $58,624 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of BTC, going down by 3%.
On the daily chart, the rate of ETH is closer to the support than to the resistance.
Denys SerhiichukIf the downward move continues, there is a chance to see a test of the $2,400 area within the next few days.
Ethereum is trading at $2,584 at press time.
XRP/USD
XRP is the exception to the rule, rising by 1.48%.
The price of XRP is testing the resistance level of $0.5834. If it breaks out, the energy might be enough for continued growth to the $0.60 range.
XRP is trading at $0.5813 at press time.
Godfrey Benjamin
Tomiwabold Olajide
Vladislav Sopov
Dan Burgin