BTC, ETH and XRP Price Analysis for September 1
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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.
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.
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.
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.
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.
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.
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