Main navigation

BTC, ETH and XRP Price Analysis for October 10

Price Predictions
Sun, 10/10/2021 - 14:01
article image
Denys Serhiichuk
Can altcoins come back to a bullish trend faster than Bitcoin (BTC)?
BTC, ETH and XRP Price Analysis for October 10
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.

Read U.TODAY on
Google News

Bears have seized the initiative on the last day of the week as the majority of the coins are in the red zone. However, there are some exceptions to the rule. Mainly, the rate of XRP has rocketed by 11% since yesterday.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has increased by 0.40% over the past 24 hours.

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

On the daily chart, Bitcoin (BTC) could not break the resistance at $55,800 and fix above it, which means that bulls have not accumulated enough energy for a breakout.

Related
BTC, ETH and XRP Price Analysis for October 8

In this case, the more likely scenario for the upcoming week is sideways trading in the range of $53,000-$55,000. The low trading volume confirms the current weakness of buyers.

Bitcoin is trading at $54,878 at press time.

ETH/USD

Ethereum (ETH) could not follow the rise of Bitcoin (BTC) and has gone down by 0.50% since yesterday.

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

Etheruem (ETH) is also located in the sideways channel between the support at $3,491 and the resistance at $3,677. Despite today's slight correction, neither bulls nor bears are dominating at the moment. If buyers can get to $3,600, there is a high chance to see $3,700 next week.

Ethereum is trading at $3,567 at press time.

XRP/USD

XRP is the biggest gainer from the list today as the price rise has made up more than 11%.

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

XRP has almost touched the resistance at $1.24. The rise is not accompanied by a high trading volume, which means that buyers may not have accumulated enough energy for a breakout.

Related
BTC, ETH and DOT Price Analysis for October 7

Respectively, one may expect a retest of the zone around $1.10 to get more power to keep the growth. Such a scenario is relevant until the end of the upcoming week.

XRP is trading at $1.1922 at press time.

article image
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.