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BTC, ETH, and XRP Price Analysis for June 18

Price Predictions
Fri, 06/18/2021 - 11:34
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Denys Serhiichuk
Can Ethereum (ETH) or XRP surpass the rise of Bitcoin (BTC)?
BTC, ETH, and XRP Price Analysis for June 18
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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By the end of the week, the cryptocurrency market is located in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday morning, buyers could not hold above the level of $39,000, and in the second half the pair rolled back to the area of average prices.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

The four-hour EMA55 has slowed down the fall in the price, but this morning the pair is close to the $37,150 level.

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BTC, ETH, ADA, and BNB Price Analysis for June 17

One believes that this level may reverse the pair for recovery, and in the near future the price might recover to $42,450.

Bitcoin is trading at $37,890 at press time.

ETH/USD

Yesterday in the morning, the Ethereum price continued to roll back below the four-hour EMA55 and reached support at $2,300 this morning. In this area is the POC line ($2,318), which withstood a fairly strong bearish momentum and limited the decline in the price of ETH.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

One believes that today the recovery might begin, as a result of which the price can return above the moving average EMA55, and by the end of the week it may continue to rise to the resistance of $2,800.

Ethereum is trading at $2,330 at press time.

XRP/USD

Yesterday XRP price failed to recover to the 4-hour EMA55 area. During the day, the pair slowly declined until late in the evening it bounced off the weekly low at $0.823.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Today, the XRP price can continue to slowly recover above the EMA55 moving average, and might test the $1 mark by the end of the week.

XRP is trading at $0.8333 at press time.

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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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.