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Buyers have seized the initiative at the beginning of the week, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 4.74% since yesterday.
On the daily time frame, the rate of Bitcoin (BTC) has made a false breakout of the resistance level of $29,659. If the bar closes far from it, there is a high chance of seeing ongoing sideways trading in the area of $27,000-$28,000.
Bitcoin is trading at $28,143 at press time.
ETH/USD
Ethereum (ETH) is less of a gainer than Bitcoin (BTC), going up by 2.15%.
On the daily chart, the rate of ETH has once again bounced off the area of $1,640. At the moment, one should focus on the vital zone of $1,600.
Denys SerhiichukIf the bar closes below it, one can expect a correction to the support of $1,531.
Ethereum is trading at $1,528 at press time.
XRP/USD
XRP is not an exception to the rule, rising by 2.16%.
The rate of XRP has made a false breakout of the $0.51 zone, which means the price is not ready yet for midterm growth. If buyers want to seize the initiative, they need to restore the rate to the $0.54-$0.55 area.
XRP is trading at $0.4946 at press time.
Gamza Khanzadaev
Godfrey Benjamin
Vladislav Sopov
Dan Burgin