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BTC, ETH and XRP Price Prediction for July 1

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Mon, 1/07/2024 - 15:28
BTC, ETH and XRP Price Prediction for July 1
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Bulls are coming back to the game, according to CoinStats.

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Top coins by CoinStats

BTC/USD

The price of Bitcoin (BTC) has gone up by 2.07% since yesterday.

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Despite today's rise, one should pay attention to the daily bar's closure. If it happens far from the peak, sellers may again seize the initiative, which can lead to a drop to the $62,000 area.

Bitcoin is trading at $62,739 at press time.

ETH/USD

Ethereum (ETH) has followed the rise of BTC, growing by 1.93%.

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From the technical point of view, Ethereum (ETH) is trading similarly to BTC. If the daily bar closes around the current prices, sideways trading in the narrow range of $3,450-$3,500 is the more likely scenario.

Ethereum is trading at $3,466 at press time.

XRP/USD

XRP is not an exception to the rule, going up by 1.69%.

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Image by TradingView

On the daily time frame, one should focus on the nearest vital zone of $0.4850. 

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If the candle closes near it, traders may witness an upward move to the $0.49 area soon.

XRP is trading at $0.4797 at press time.

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