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BTC, ETH and XRP Price Prediction for October 21

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Mon, 21/10/2024 - 14:46
BTC, ETH and XRP Price Prediction for October 21
Cover image via U.Today

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A new week has started with ongoing bulls' dominance, according to CoinMarketCap.

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Top coins by CoinMarketCap

BTC/USD

Unlike most other coins, the rate of Bitcoin (BTC) has dropped by 0.33% over the last day.

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On the daily chart, the price of BTC is falling after a false breakout of the formed resistance of $69,363. 

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If the bar closes below yesterday's candle low, the correction is likely to continue to the $66,500-$67,000 zone soon.

Bitcoin is trading at $67,855 at press time.

ETH/USD

The price of Ethereum (ETH) has increased by 1.67% since yesterday.

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From the technical point of view, the rate of ETH is trading similarly to BTC. If the fall continues and the price goes below the support level of $2,659, there is a chance to see a test of the $2,500-$2,600 range shortly.

Ethereum is trading at $2,682 at press time.

XRP/USD

XRP is the biggest gainer from the list today, going up by 2.24%.

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Image by TradingView

Despite today's growth, the rate of XRP has once again failed to fix above the resistance of $0.5556. If the daily bar closes far from that mark, traders may witness a drop to the $0.5350-$0.54 area.

XRP is trading at $0.5459 at press time.

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