BTC, ETH and XRP Price Analysis for April 4

Price Predictions
Sun, 04/04/2021 - 15:00
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Denys Serhiichuk
Can #BTC grow faster than Ethereum (ETH) or XRP in the short-term view?
BTC, ETH and XRP Price Analysis for April 4
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The last day of the week has turned out to be bearish for most of the coins. Binance Coin (BNB) is the only exception to the rule, rising by 1.12% since yesterday.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The key data on Bitcoin (BTC), Ethereum (ETH) and XRP today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,088,280,518,653 $58,435.29 $59,691,081,795 -2.54%

Ethereum

ETH

$239,665,732,229 $2,080.78 $31,706,871,084 -1.93%

XRP

XRP

$27,512,323,143 $0.6062 $5,372,110,531 -4.37%

BTC/USD

Bitcoin (BTC) has shown a price decrease since yesterday. It declined by 2.54%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has bounced off, confirming the fact that yesterday's decline was just a drop to gain liquidity for the ongoing rise.

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BTC, ETH, LINK and DOT Price Analysis for April 3

In this case, the leading crypto now has the chance to test the level of $58,500 shortly.

Bitcoin is trading at $57,660 at press time.

ETH/USD

The rate of Ethereum (ETH) has not decreased as much as that of Bitcoin (BTC).

ETH/USD chart by TradingView
ETH/USD chart by TradingView

From the technical point of view, Ethereum (ETH) is ready to keep the growth going after yesterday's decline, as one can consider the drop a retest of the mirror level but not the start of a bearish trend. Respectively, the potential short-term target is $2,300.

Ethereum is trading at $2,055 at press time.

XRP/USD

XRP is the top loser today as its rate has gone down by 4.37%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Despite the decline, the long-term trend remains bullish. Buyers' dominance will become more visible when XRP fixes above $0.652. In this case, the next level of $0.75 may be attained within the next few days.

XRP is trading at $0.5892 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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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