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BTC, ETH and XRP Price Analysis for April 25

Tue, 04/25/2023 - 18:45
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Denys Serhiichuk
How long is market correction going to last?
BTC, ETH and XRP Price Analysis for April 25
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Bears keep controlling the situation on the market as the rates of most of the coins are rising.

Top coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) is almost unchanged since yesterday.

BTC/USD chart by TradingView

Image by TradingView

The rate of Bitcoin (BTC) keeps falling, which means that buyers are not ready to buy the cryptocurrency at the moment. If the situation does not change, there is a high chance of seeing a test of the support level at $26,688 shortly.

Bitcoin is trading at $27,346 at press time.


Ethereum (ETH) has lost more than Bitcoin (BTC), going down by 1.16% over the last 24 hours.

ETH/USD chart by TradingView

Image by TradingView

Ethereum (ETH) is trading similarly to Bitcoin (BTC) as the rate keeps declining after the failed attempt to fix above the $1,900 mark. If the breakout of the $1,800 zone happens, the accumulated energy should be enough for a further decrease to the $1,715 level.

Ethereum is trading at 1,823 at press time.


XRP is the biggest loser today, falling by 1.46%.

XRP/USD chart by TradingView

Image by TradingView

Despite the fall, the rate of XRP is trading in the middle of the channel, between the support at $0.4328 and the resistance at $0.4824. As none of the sides has seized the initiative, ongoing consolidation in the range of $0.45-$0.47 is the more likely scenario for the next few days.

XRP is trading at $0.4573 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at