Original U.Today article

BTC, ETH and XRP Price Analysis for July 25

Can bulls restore lost initiative by end of week?

Price Analysis

Mon, 25/07/2022 - 16:01

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The new week has begun with a correction on the cryptocurrency market as most of the coins have returned to the red zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has fallen the least from the list today with a decline of 4.50%.

BTC/USD chart by TradingView

Bitcoin (BTC) has made a breakout of the $22,400 mark on the daily chart, confirming buyers' weakness and lack of power for a further rise. Thus, the leading coin is below $22,000, which means that bears have locally seized the initiative.

Sat, 07/23/2022 - 14:54

BTC, BNB and ADA Price Analysis for July 23

If the situation does not change by the end of the day, there are high chances to see the test of the $21,000 area this week.

Bitcoin is trading at $21,799 at press time.

ETH/USD

Ethereum (ETH) is the biggest loser from the list today as the rate of the main altcoin has dropped by almost 6% over the last 24 hours.

ETH/USD chart by TradingView

After the failed attempt to fix above the $1,600 mark, Ethereum (ETH) is on its way to testing the local support level at $1,476. At the moment, one should pay attention to $1,500. If buyers lose this level, the decrease to the $1,400-$1,450 zone might happen within the next few days.

Ethereum is trading at $1,517 at press time.

XRP/USD

XRP is no exception from the rule, going down by 5.55%.

XRP/USD chart by TradingView

XRP has approached the support level at $0.3434 on the daily chart. The selling volume has increased, which means that bears are more powerful than bulls at the moment. In this case, the more likely scenario is the test of the $0.33 area soon.

XRP is trading at $0.3442 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.