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BTC, ETH and XRP Price Analysis for October 15

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Sat, 15/10/2022 - 14:27
BTC, ETH and XRP Price Analysis for October 15
Cover image via www.tradingview.com

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Bulls could not hold the initiative for long as all the top 10 coins are in the red zone again.

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Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has dropped by 3% over the last 24 hours.

BTC/USD chart by TradingView

The rate of Bitcoin (BTC) keeps slowly approaching the support level at $17,592. At the moment, one should pay attention to the $19,000 mark. If buyers lose it, there is a chance to see a sharp drop to the $18,500 zone.

Bitcoin is trading at $19,123 at press time.

ETH/USD

Ethereum (ETH) has followed the drop of Bitcoin (BTC), going down by 3.94%.

ETH/USD chart by TradingView

From the technical point of view, Ethereum (ETH) is still trading in the middle of the narrow range, accumulating power for a further move. If bulls cannot fix the price above the important level of $1,300 shortly, one can expect a drop to the support level at $1,218 next week.

Ethereum is trading at $1,285 at press time.

XRP/USD

XRP has lost the most value on the list today, falling by 4.75%.

XRP/USD chart by TradingView

XRP is trading similarly to Ethereum (ETH) as it is also trading sideways. However, if the buying volume rises, buyers have a chance to seize the initiative. In this case, they need to break the $0.50 level and fix the price above it. Only then can traders possibly expect a bull run.

XRP is trading at $0.4846 at press time.

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