Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market may have entered a long-term correction—at least regarding Bitcoin (BTC) and Ethereum (ETH), as the other coins are looking less bearish.
The main information on Bitcoin (BTC), Ethereum (ETH) and XRP today:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$588,879,025,228 | $31,255.97 | $61,018,094,274 | -9.18% |
|
Ethereum |
ETH |
$146,870,525,708 | $1,263.72 | $43,386,886,245 | -10.86% |
|
XRP |
XRP |
$11,989,573,539 | $0.2622 | $2,789,788,709 | -5.45% |
BTC/USD
Yesterday morning, buyers were able to overcome the level of average prices and, during the day, the recovery continued to the daily maximum at $34,888.
However, by the end of the day, the pair failed to consolidate above the two-hour EMA55 and returned to the support of $32,600. Until this morning, the pair remained in a tight consolidation at the level of this support. On the daily time frame, the Stoch RSI indicator lines were in the oversold zone and gradually reached the border with the neutral zone.
Bitcoin is trading at $30,990 at press time.
ETH/USD
Yesterday, Ethereum's (ETH) price held above $1,400 for a long time but, at the end of the day, the bears pushed this support and rolled back the pair to the area of average prices ($1,300).
If the two-hour EMA55 keeps the Ether price from further decline, bulls will try to continue the run in the near future and renew the absolute maximum in the area of $1,530.
Otherwise, the price correction may continue to the support of $1,250.
Ethereum is trading at $1,265 at press time.
XRP/USD
Yesterday, buyers unsuccessfully tried to overcome the resistance of the lower border of the $0.280-$0.310 side channel. At the end of the day, the pair rolled back below the average price level. Today, it can test the support of $0.260.
Soon, the pair may widen the sideways channel, pushing the lower border to the support area of $0.240.
XRP is trading at $0.2612 at press time.
Arman Shirinyan
Alex Dovbnya
