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BTC, ETH and XRP Price Analysis for February 20

Price Predictions
Sat, 02/20/2021 - 16:45
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Denys Serhiichuk
Will the correction of the top coins arrive soon?
BTC, ETH and XRP Price Analysis for February 20
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 weekend has begun with the continued rise of most of the coins. However, XRP is the only crypto from the top 10 list that is located in the red zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data for Bitcoin (BTC), Ethereum (ETH) and XRP:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$1,065,545,840,103 $57,331.86 $65,529,332,909 9.10%

Ethereum

ETH

$232,856,285,749 $2,035.12 $30,980,384,921 4.92%

XRP

XRP

$25,719,010,264 $0.5673 $6,634,690,479 -1.32%

BTC/USD

Bitcoin (BTC) keeps setting new all-time highs, rising by 9% over the last day.

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

Even though the long-term trend remains bullish, there is a high chance of seeing a decline to the closest support at $56,400.

Related
BTC, XRP and BNB Price Analysis for February 19

Such a statement is supported by the value of the RSI in the overbought zone.

Bitcoin is trading at $57,380 at press time.

ETH/USD

Ethereum (ETH) is showing less growth than Bitcoin (BTC) as the rate of the chief altcoin has gone up by 4.9%.

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

Ethereum (ETH) may also face a short-term drop before it continues its rise. The declining buying trading volume shows the weakness of bulls, which means that a retest of the area around $2,000 may occur next week.

Ethereum is trading at $2,029 at press time.

XRP/USD

XRP is the only crypto from the list that is in the red zone. The decline has accounted for 1.32% since yesterday.

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

Despite today's drop, XRP keeps looking bullish. The selling volume is low, which means that bears could not seize the initiative in the long-term projection. In this situation, the target is located at the level of $0.65.

XRP is trading at $0.5618 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.