Advertisement
AD

Main navigation

BTC, XRP, and ADA Price Analysis for July 25

Advertisement
Sun, 25/07/2021 - 18:31
BTC, XRP, and ADA Price Analysis for July 25
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

The last day of the week has started with bulls being firmly in control. However, bears have almost seized the initiative.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The passing week has been positive for Bitcoin (BTC), with its price rising by 8 percent.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has once again bounced off the support at $30,000, trying to fix in the area of $34,000.

Related
Bitcoin (BTC) Price Analysis for July 24

At the moment, the more likely price action is continued growth to the level of the most liquidity around $37,000 where a correction might happen.

Bitcoin is trading at $34,273 at press time.

XRP/USD

The price of XRP has gone down by 0.18 percent since yesterday. Overall, it increased by 2.83 percent over the past week.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

From the technical point of view, XRP may go lower since it could not fix in the area of $0.70. This is why it is reasonable to expect the retest of the support at $0.50 one more time.

XRP is trading at $0.5932 at press time.

ADA/USD

Cardano (ADA) is the smallest gainer from the list. Its price has gone up only by 1.68 percent over the last week.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Even though the price of Cardano (ADA) has remained almost unchanged over the last week, the trading volume is low, which means that there is little intention to keep pushing the rate lower. This is why there is a high probability of seeing the test of the liquidity level at $1.33 next week.

ADA is trading at $1.21 at press time.

 
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

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

Popular articles

Advertisement
AD