Main navigation

BTC, ETH and XRP Price Analysis for July 16

Sun, 07/16/2023 - 14:12
article image
Denys Serhiichuk
Which top coins can keep rising next week?
BTC, ETH and XRP Price Analysis for July 16
Cover image via

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.

Read U.TODAY on
Google News

Bears are more powerful than bulls on the last day of the week.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


The price of Bitcoin (BTC) has almost not changed since yesterday.

BTC/USD chart by TradingView

Image by TradingView

Bitcoin (BTC) is more bearish than bullish now after its price has failed to fix above the resistance level of $31,500. If buyers lose the important zone of $30,000, there is a chance to see a support breakout followed by a further correction to the $29,000 mark.

Bitcoin is trading at $30,315 at press time.


Ethereum (ETH) has lost more than Bitcoin (BTC) as its rate has dropped by 0.21%.

ETH/USD chart by TradingView

Image by TradingView

From a technical point of view, Ethereum (ETH) is trading similarly to Bitcoin (BTC) as the price is far from the key levels. The declining volume confirms this statement.

AAVE Price Analysis for July 15

In this regard, ongoing sideways trading in the narrow range of $1,900-$1,950 is the more likely scenario for next week.

Ethereum is trading at $1,933 at press time.


XRP is an exception to the rule as its rate has risen by 2.71% since yesterday.

XRP/USD chart by TradingView

Image by TradingView

Despite today's rise, the rate of XRP is not ready for a sharp move yet. However, while the rate is above the support at $0.6673, traders are more likely to see further growth than a correction. However, the altcoin needs more time to accumulate strength for that.

XRP is trading at $0.7462 at press time.

article image
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