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The weekend has started with market growth, however, some coins are in the red zone, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.72% over the last day.
On the daily chart, the rate of BTC is going up after yesterday's bullish closure. However, the price is far from the key levels, which means buyers might need more time to accumulate energy for a further move.
In this case, sideways trading in the zone of $111,000-$114,000 is the more likely scenario.
Bitcoin is trading at $111,664 at press time.
ETH/USD
The rate of Ethereum (ETH) has not changed since yesterday.
On the daily time frame, the price of ETH is far from the support and resistance levels. The volume has dropped, which means neither side has enough energy for a sharp move. All in all, traders are unlikely to witness increased volatility over the next days.
Ethereum is trading at $3,942 at press time.
XRP/USD
The rate of XRP has gone up by 3.78% over the last day.
The price of XRP is looking bullish on the daily chart. If the daily bar closes above $2.6460, the accumulated energy might be enough for a test of the $2.90-$3 range. Such a scenario is relevant until the end of the upcoming week.
XRP is trading at $2.6023 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team