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BTC, ETH and XRP Price Analysis for March 10

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Fri, 10/03/2023 - 15:50
BTC, ETH and XRP Price Analysis for March 10
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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Bears are giving no chances to bulls as the rates of all top 10 coins are falling.

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Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has declined by 9.17% over the last 24 hours.

BTC/USD chart by TradingView

The rate of Bitcoin (BTC) has declined after the support breakout at $21,454. Thus, the price is below the critical $20,000 mark, which means that the midterm bearish trend has returned. If the situation does not change, the ongoing decrease may last until the test of the next zone around $18,373.

Bitcoin is trading at $19,899 at press time.

ETH/USD

Ethereum (ETH) is more of a loser than Bitcoin (BTC), going down by almost 10%.

ETH/USD chart by TradingView

On the daily chart, the rate of Ethereum (ETH) has almost touched the support level of $1,352. Currently, one should pay attention to the daily closure. If it happens above yesterday's low, there are chances to see a bounce back to the $1,420-$1,440 zone.

Ethereum is trading at $1,404 at press time.

XRP/USD

XRP is the least falling coin from the list today, declining by 7.63% since yesterday.

XRP/USD chart by TradingView

The rate of XRP has once again made a false breakout of the support at $0.3619, however, the day has not ended yet. If sellers' pressure continues and the bar closes near the mentioned mark, the drop may last to the $0.35 zone.

XRP is trading at $0.3672 at press time.

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