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BTC, ETH and XRP Price Analysis for February 15

Tue, 02/15/2022 - 16:01
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Denys Serhiichuk
Can current bounceback transform the mid-term growth of the cryptocurrency market?
BTC, ETH and XRP Price Analysis for February 15
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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Bulls have managed to seize the initiative, turning the cryptocurrency market back into the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The bulls were able to find support at the POC line ($41,650) and restored the price of Bitcoin above the two-hour EMA55.

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Tonight, trades were held at medium volumes. In the morning, the pair tested the level of $43,700.

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

If buyers continue to dominate, then a retest of the $45,000 level is possible. If in the first half of the day the bears join the game, then the BTC price can return to the 50% fibo level ($42,450).

Bitcoin is trading at $44,273 at press time.

ETH/USD

Yesterday, buyers tried to break above the level of average prices. After a retest of the moving average, the sellers were able to repel the attack, but tonight the bulls broke through the two-hour EMA55, and in the morning they hold positions above the psychological level of $3,000.

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

If sellers fail to return the pair below the average price level, then the price of Ether may continue to rise toward the resistance of $3,200.

Ethereum is trading at $3,102 at press time.

XRP/USD

Yesterday, weak support at $0.777 stopped XRP's decline and buyers pulled the pair back above the two-hour EMA55.

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

Tonight, on small volumes, buyers reached the area of the highs of the past weekend.

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However, if purchases are not supported by large volumes, then it can be difficult to continue the growth to the zone of last week's highs.

XRP is trading at $0.8318 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 denys.serhiichuk@u.today.