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The cryptocurrency market is in the neutral zone on the first day of the weekend.
BTC/USD
The rate of Bitcoin (BTC) has almost not changed since yesterday.
On the daily chart, the price of Bitcoin (BTC) is trying to reach the vital zone of $30,000. If buyers manage to fix the price above it, the accumulated energy might be enough for a move to the resistance at $31,500. Such a scenario is relevant until the end of the upcoming week.
Bitcoin is trading at $29,849 at press time.
ETH/USD
Ethereum (ETH) could not follow the rise of Bitcoin (BTC), falling by 0.81%.
From the technical point of view, traders should pay attention to the nearest level of $1,639.5. If a breakout happens, the rise may lead to a test of the $1,700 area soon.
Ethereum is trading at $1,621 at press time.
XRP/USD
XRP also remains in the red zone, going down by 0.25%.
On the daily time frame, the rate of XRP is far from the resistance, which means it is too early to think about a midterm rise. If the rate returns to the $0.54 zone, the upward move is likely to continue to the $0.56-$0.58 area.
XRP is trading at $0.5234 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov