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BTC, ETH and XRP Price Analysis for November 13

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Mon, 13/11/2023 - 18:00
BTC, ETH and XRP Price Analysis for November 13
Cover image via www.tradingview.com

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Bears have seized the initiative on the first day of the week, according to CoinStats.

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Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has fallen by almost 1% since yesterday.

Image by TradingView

The price of BTC might face a correction if the drop continues to the support of $36,343. In that case, bears can seize the initiative, which can lead to a more profound decrease to the $35,500-$36,000 area.

Bitcoin is trading at $36,784 at press time.

ETH/USD

Ethereum (ETH) is an exception to the rule, rising by 1.68%.

Image by TradingView

Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has bounced off the level of $2,029. Until the price is above that mark, there is a chance to see a further upward move. 

Ethereum is trading at $2,091 at press time.

XRP/USD

XRP has followed the drop of BTC, falling by 2.14%.

Image by TradingView

From the technical point of view, XRP is trading similarly to BTC.  At the moment, traders should focus on the nearest level of $0.6283. 

Related
Binance Coin (BNB) Price Analysis for November 12

If the bar closes near it, one may expect a decline to the $0.60 range soon.

XRP is trading at $0.6477 at press time.

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