Advertisement
AD

Main navigation

BTC, ETH and XRP Price Analysis for November 20

Advertisement
Sat, 20/11/2021 - 16:22
BTC, ETH and XRP Price Analysis for November 20
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.

Read U.TODAY on
Google News

The weekend has begun with the continued growth of the cryptocurrency market as the main coins are in the green zone.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has grown the least from the list as its rate has increased by 3.41% since yesterday.

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

Bitcoin (BTC) keeps trading above the support of $56,560. At the moment, the bullish scenario is more relevant than the bearish one as buyers made a false breakout of the purple line.

card

The trading volume is low, which means that sideways trading is the most likely scenario for the upcoming days. If the situation does not change, the correction may continue to $61,030.

Bitcoin is trading at $58,487 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer today as the rate of the chief altcoin has risen by almost 5%.

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

Ethereum (ETH) is consolidating in the zone of the most liquidity around $4,300 after a bounceback from the support at $4,000. If the situation does not change, the growth may lead ETH to the recently formed resistance at $4,452. Such a scenario is relevant until the end of the next week.

Ethereum is trading at $4,305 at press time.

XRP/USD

XRP is not an exception to the rule, going up by 3.97%.

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

XRP is trading similarly to Ethereum (ETH), as it is also accumulating power for a further move after the false breakout of the support at $1.0148.

card

Despite the fast bounceback, there are few chances to expect a market reversal as bulls need to gain more energy. If such a scenario comes true, the next level at which bears may seize the initiative is the zone around $1.15.

XRP is trading at $1.0895 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD