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The last day of the week has started bullish for the cryptocurrency market, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.68% since yesterday. Over the last week, the price has fallen by 2.40%.
Despite today's slight rise, the price of BTC is far from the support and resistance levels, which means any sharp ups or downs are unlikely to happen soon. In this regard, ongoing sideways trading around $42,000 is the more likely scenario.
Bitcoin is trading at $41,783 at press time.
ETH/USD
The rate of Ethereum (ETH) has risen by 0.49% over the past 24 hours.
On the daily time frame, the price of the leading altcoin remains bullish as it is above the vital level of $2,447, even though it has not bounced back far from it.
Denis SinyavskiyHowever, if bulls cannot return to the $2,500 zone, there is a high chance to see a drop to $2,400 next week.
Ethereum is trading at $2,476 at press time.
XRP/USD
XRP has gained the most value on the list today, going up by 1.12%.
Today's move has not affected the technical position of XRP on the daily chart. At the moment, traders should pay attention to the interim level of $0.54. If a breakout happens, the fall may continue to the $0.51-$0.52 zone soon.
XRP is trading at $0.5521 at press time.
Alex Dovbnya
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov