BTC, ETH and XRP Price Analysis for March 10

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

BTC/USD

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

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%.

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.

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.