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BTC, ETH and XRP Price Analysis for July 20

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Wed, 20/07/2022 - 15:24
BTC, ETH and XRP Price Analysis for July 20
Cover image via www.tradingview.com

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Bulls keep dominating on the market as most of the coins are in the green zone. Solana (SOL) is the only exception from the rule, going down by 0.75%.

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Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the biggest gainer from the list today, rising by 7.83% over the last 24 hours.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has touched the $24,000 mark, which confirms buyers' power. If bulls can hold the gained initiative until the end of the day, one can expect a further rise to the resistance level at $25,400 soon.

Related
BTC, ETH and XRP Price Analysis for July 18

Thus, the rising trading volume supports such a scenario.

Bitcoin is trading at $23,962 at press time.

ETH/USD

Ethereum (ETH) has followed the growth of BTC, rising by 4%.

ETH/USD chart by TradingView

Bulls have seized the initiative after yesterday's bearish candle. At the moment, one should pay close attention to the $1,600 mark. If nothing crucial changes by the end of the day, the ongoing rise might lead to the test of the mirror level at $1,700 shortly.

Ethereum is trading at $1,605 at press time.

XRP/USD

XRP is growing the least as it has risen by only 3.40% since yesterday.

XRP/USD chart by TradingView

XRP is looking less bullish than other coins as the rate has made a false breakout of the $0.38 mark. Until the price is below it, there are chances to see more of a fall than an upward move. Respectively, sideways trading in the range of $0.36-$0.38 is the more likely scenario for the next few days.

XRP is trading at $0.3754 at press time.

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