Main navigation

BTC, XRP and ADA Price Analysis for July 8

Sat, 07/08/2023 - 16:16
article image
Denys Serhiichuk
Is market ready to grow next week?
BTC, XRP and ADA Price Analysis for July 8
Cover image via

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 weekend has started in a neutral mode for the cryptocurrency market as the rates of some coins are falling while others keep rising.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has declined by 0.17% over the last 24 hours.

BTC/USD chart by TradingView

Image by TradingView

On the hourly chart, the rate of Bitcoin (BTC) has once again almost tested the support level at $29,600. At the moment, traders should pay attention to yesterday's candle peak. If the bar closes in the area of $30,500, the growth may continue to the $31,000 range.

Bitcoin is trading at $30,223 at press time.


The rate of XRP has almost not changed since yesterday.

XRP/USD chart by TradingView

Image by TradingView

On the daily time frame, the rate of XRP has not accumulated enough energy to grow or fall. Currently, traders should pay attention to the support level at $0.4556. If a drop to it happens, that might be a prerequisite for a sharp downward move to the $0.44 zone.

XRP is trading at $0.4677 at press time.


The price of Cardano (ADA) has risen by almost 1% since yesterday.

ADA/USD chart by TradingView

Image by TradingView

Even though the rate of ADA has slightly increased, the price of the altcoin has not accumulated enough strength for a further move as it keeps trading sideways.

Cardano (ADA) Price Analysis for July 7

One can think about a possible midterm bullish trend if bulls get the rate back to the $0.30 zone and fix it above.

ADA is trading at $0.2863 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at