Original U.Today article

BTC, ETH and XRP Price Analysis for January 31

Which coins have accumulated enough power for mid-term growth?

Price Analysis

Mon, 31/01/2022 - 15:31

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The new week has begun with the fall of the cryptocurrency market as the coins have come back to the red zone.

BTC/USD

Over the weekend, the bulls were unable to increase their pressure and overcome the resistance of $38,900. On Saturday, the price of Bitcoin (BTC) slowly rose to the weekly high zone but did not update it until the end of the week.

On Sunday, the sellers returned the pair to the two-hour EMA55, and tonight the bearish momentum pushed the BTC price below the $37,150 level. In the morning, the decline stopped, and during the day one expects a recovery to the high of last week.

Sat, 01/29/2022 - 16:42

ETH, XRP, BNB and ADA Price Analysis for January 29

If today the bears push through the support of $36,000, then in the near future one can forget about the retest of $40,000.

Bitcoin is trading at $37,311 at press time.

ETH/USD

Over the weekend, the price of Ethereum (ETH) did not rise above $2,700. Purchase volumes were below average, and the outgoing week ended with a rollback below the two-hour EMA55.

Now, the decrease in the price of ETH has stopped at the level of $2,570 USD.

Sat, 01/29/2022 - 16:30

BTC, DOGE and SHIB Price Analysis for January 29

If the buyers manage to form a bullish momentum and restore the price above the resistance of $2,800, then the retest of the psychological level of $3,000 remains relevant.

Ethereum is trading at $2,595 at press time.

XRP/USD

On Sunday, the sellers took the initiative away from the buyers and pushed the price of XRP below the EMA55 moving average. This morning, the pair rolled back to the $0.58 mark and stopped the decline.

If buyers return to the area of average prices, then there is a chance to continue rising to the resistance of $0.70. If the bears push the price to the $0.55 area, then in early February, the pair can test the support of $0.50.

XRP is trading at $0.5966 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #XRP Price Analysis

About the author

Denys Serhiichuk

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.