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BTC, XRP and ADA Price Analysis for March 29

Price Analysis
Tue, 03/29/2022 - 13:44
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Denys Serhiichuk
How great are chances to see correction soon?
BTC, XRP and ADA Price Analysis for March 29
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls keep the pressure as most of the coins remain in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has continued its growth, rising by 0.70% since yesterday.

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

After the false breakout of the $48,000 mark, bulls are not abandoning attempts to fix above it once again. Such a statement is also confirmed by increased buying trading volume.

Related
BTC, ETH and XRP Price Analysis for March 27

If the daily candle fixes above the $48,000 mark, the vital mark of $50,000 can already be achieved this week. In another case, bears may seize the initiative and return the rate below $47,000 shortly.

Bitcoin is trading at $47,629 at press time.

XRP/USD

The price of XRP has gone up by 1% over the past 24 hours.

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

From the technical point of view, XRP is trading similar to Bitcoin (BTC) as its rate is coming back to the mark of $0.90—which bulls could not attain yesterday.

Related
Bitcoin (BTC) Price Analysis for March 26

If they can get to this level today, there is a chance to see the breakout of the blue line within the next few days.

XRP is trading at $0.8811 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today as the altcoin has risen by 2.16%.

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

Cardano (ADA) is almost trading above yesterday's peak at $1.246. However, one needs to pay close attention to the resistance level at $1.263. In case of a false breakout, the rate may come back to the support at $1.190 in the first few days of April.

ADA is trading at $1.234 at press time.

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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 denys.serhiichuk@u.today.