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BTC, ETH and XRP Price Prediction for June 17

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Mon, 17/06/2024 - 16:07
BTC, ETH and XRP Price Prediction for June 17
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It is too early to think about a market reversal, according to CoinStats.

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Top coins by CoinStats

BTC/USD

The price of Bitcoin (BTC) has dropped by 1.55% since yesterday.

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Image by TradingView

On the daily chart, the rate of BTC is coming back to the support level of $65,129. If sellers' pressure continues, the decline may lead to the test of the $64,000 range shortly.

Bitcoin is trading at $65,280 at press time.

ETH/USD

Ethereum (ETH) has followed the decline of BTC, going down by 1.41%.

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The rate of ETH has failed to keep yesterday's bullish closure, which means that sellers are again more powerful than buyers. If the daily bar closes near the support of $3,432, there is a possibility to see an ongoing correction to $3,300.

Ethereum is trading at $3,509 at press time.

XRP/USD

XRP is the exception to the rule, rising by 5.81%.

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Image by TradingView

Traders should pay attention to the closure in terms of the nearest resistance of $0.5301. If the daily candle closes with no long wick, there might not be enough strength for a breakout, followed by a move to $0.54.

XRP is trading at $0.5189 at press time.

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