Advertisement
AD

Main navigation

Advertisement

BTC, ETH and XRP Price Analysis for September 1

Advertisement
Tue, 1/09/2020 - 14:09
BTC, ETH and XRP Price Analysis for September 1
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Advertisement

September has begun with the ongoing growth of most of the cryptocurrencies. Chainlink (LINK) remains the only coin from the Top 10 list located in the red area.

Article image
Top 10 coins by Coinstats

The key data of Bitcoin (BTC), Ethereum (ETH) and XRP today:

Name

Ticker

Advertisement

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$220,147,925,249 $11,914.86 $27,422,645,256 1.46%

Ethereum

ETH

$52,863,232,844 $470.22 $17,594,220,472 7.51%

XRP

XRP

$13,074,481,178 $0.290577 $1,504,616,919 3%

BTC/USD

Yesterday, buyers achieved a retest of the POC line ($11,740). The daily high is set at $11,780. At night, one could observe the reaction of the bears, which tried to return the pair below the two-hour EMA55. The local minimum is marked around $11,515.

Article image
BTC/USD chart by TradingView

If the bears continue to push this morning, the pair will test the 50% Fibo level ($11,394). If buyers take advantage of the support of the average price level, then the next daily maximum is possible in the resistance area of $12,000.

Bitcoin is trading at $11,901 at press time.

ETH/USD

Yesterday afternoon, the Ethereum (ETH) price continued to recover and tested the August high zone, but it was not possible to update the record summer price.

Article image
ETH/USD chart by TradingView

At night, sellers returned the pair to the level of $430. If the selling pressure ends at this point, then on the first of September the price of Ethereum (ETH) may update the annual maximum to $480. With a strong bullish impulse, the price may break the psychological level of $500.

Ethereum is trading at $470.58 at press time.

XRP/USD

Yesterday, market participants were unable to significantly increase trading volume, and the price was in a narrow consolidation at the level of $0.280.

card

The bears' efforts were limited to the two-hour EMA55, which the sellers managed to pierce, but in the morning the pair is still holding above the average price level.

Article image
XRP/USD chart by TradingView

The market may contribute to continued consolidation in the sideways range. If a positive mood prevails in the market today, then the XRP price recovery will reach the POC line ($0.294).

XRP is trading at $0.2899 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD