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BTC, ETH and XRP Price Analysis for March 22

Tue, 03/22/2022 - 16:04
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Denys Serhiichuk
Can altcoins show the same rise as Bitcoin (BTC)?
BTC, ETH and XRP Price Analysis for March 22
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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Bulls have managed to get back into the game as most of the coins are in the green zone. LUNA is the only exception to the rule, falling by 1.18%.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has grown the most from our list today with a rise of 4.31%.

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

Bitcoin (BTC) has broken the vital $42,000 mark and is trying to fix above it. The buying trading volume has also risen, which means that bulls are ready to keep the upward move. If the daily candle fixes in the area of $42,000-$42,500, one can expect further growth to the resistance level at $45,850 within the next few weeks.

Bitcoin is trading at $42,750 at press time.

ETH/USD

Ethereum (ETH) could not show the same growth as Bitcoin (BTC), and the rate of the main altcoin has grown by 2.62%.

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

Comparing the chart of Ethereum (ETH) with BTC, the second most popular crypto is trading similarly as it is also on the way to its resistance level of $3,300. If buyers can hold the important $3,000 mark, a breakout may happen by the end of the current month.

Ethereum is trading at $3,020 at press time.

XRP/USD

XRP is no exception to the rule, rising by 3.76% over the last 24 hours.

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

Despite the growth, XRP could not fix above the $0.85 mark from the first attempt. However, until the rate is above $0.80, the mid-term picture remains bullish. If the buying trading volume increases, there is a high possibility to see the test of the blue resistance level shortly.

XRP is trading at $0.8424 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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.