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BTC, ETH and XRP Price Analysis for July 18

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Mon, 18/07/2022 - 15:50
BTC, ETH and XRP Price Analysis for July 18
Cover image via www.tradingview.com

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The new week has started with the continued rise of the cryptocurrency market as all of the top 10 coins are in the green zone.

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Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is growing the least from the list today as the price has risen over the last 24 hours by 4.51%.

BTC/USD chart by TradingView

On the chart, Bitcoin (BTC) has approached the local resistance zone at $22,400. However, one needs to pay close attention to the daily closure. If the price fixes above the $22,000 mark, there are chances to see a further upward move.

Bitcoin is trading at $22,016 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer from the list, rocketing by almost 30% since yesterday.

ETH/USD chart by TradingView

Ethereum (ETH) is trading similar to Bitcoin (BTC) as the price has reached the important $1,476 level. If nothing changes by the end of the day, the impulse may lead to the test of the $1,500 zone by the end of the week.

Ethereum is trading at $1,471 at press time.

XRP/USD

XRP has followed the rise of other coins, growing by 12.38%.

XRP/USD chart by TradingView

XRP has fixed above the $0.35 area, which means that bulls keep controlling the situation on the market. However, buyers might need more energy for a further rise as the volume has declined. In this case, sideways trading near the $0.36 level is the more likely scenario until the end of the month.

XRP is trading at $0.3616 at press time.

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