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BTC, ETH and XRP Price Analysis for March 1

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Tue, 1/03/2022 - 15:50
BTC, ETH and XRP Price Analysis for March 1
Cover image via www.tradingview.com

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.

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Bulls keep controlling the situation on the market as most of the coins are in the green zone.

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Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the biggest gainer today, rising by almost 9% since yesterday.

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BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) is about to reach the resistance at $45,478 against the increased buying trading volume.

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If bulls can hold the initiative, the rise may lead the price of the main crypto to the zone of $50,000 soon.

Bitcoin is trading at $44,017 at press time.

ETH/USD

Ethereum (ETH) is performing worse than BTC, going up by 6.20% over the last 24 hours.

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ETH/USD chart by TradingView

Ethereum (ETH) has fixed in the bullish zone after the breakout of the resistance at $2,815.

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If the situation does not change, the growth may continue to the zone of the most liquidity at $3,100 until the end of the week.

Ethereum is trading at $2,971 at press time.

XRP/USD

XRP has gained the least with a rise of 3.63%.

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XRP/USD chart by TradingView

Despite the growth, XRP could not fix above the $0.80 mark. At the moment, the more likely scenario is sideways trading in the range $0.75-$0.80. In this case, a potential rise may get it to the $0.85 mark.

XRP is trading at $0.7820 at press time.

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