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.
The new week has started positively for the most top coins, as they are trading in the green zone. However, such a statement cannot be applied to Bitcoin whose rate dropped at the end of October 13. Meanwhile, BTC and its fork Bitcoin SV are facing a decline over the last 24 hours. XRP is the top gainer today, its rate has soared by more than 5%.
The key data of Bitcoin, Ethereum, and XRP are looking the following way.
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$150 334 747 092 |
$8 356,04 |
$14 429 098 034 |
-0,22% |
|
Ethereum |
ETH |
$19 904 422 311 |
$184,06 |
$6 816 394 270 |
1,17% |
|
XRP |
XRP |
$12 460 650 573 |
$0,288663 |
$1 395 652 494 |
5,01% |
BTC/USD
Our earlier Bitcoin price forecast came true as the coin increased to the level above $8,400 before faced a decline to the previous support at $8,300.
On the 1H chart, Bitcoin could not show a fast price recovery after a sharp fall on October 11. The leading cryptocurrency preferred to locate in a sideways trend, followed by a further decrease. The coin is likely to show the same price actions, as sellers are running out of steam and the MACD indicator is not going down.
All in all, Bitcoin is about to trade between the levels of $8,100 and $8,300 in the next few days.
Bitcoin is trading at $8,313 at press time.
ETH/USD
Ethereum is trading in a completely different direction than Bitcoin. If the top cryptocurrency locates in a sideways trend after each decline, ETH shows a price rise in most cases.
Ethereum is getting out from yesterday’s decline when the rate plummeted by more than 3% over 1 hour. Taking into account the historical background, ETH will touch the level at $186 soon.
The rising MACD also supports the bullish tendencies of the leading altcoin. Once that zone is reached, the coin might face a correction as it was before.
Ethereum is trading at $183.50 at press time.
XRP/USD
XRP is the biggest gainer today out of the top 10 coins. Its rate has rocketed by 5% over the last 24 hours.
On the 4H chart, XRP has almost touched the psychological level at $0.30. The coin has still chances to achieve it, however, most likely it will roll back to the point at $0.2830 which serves the nearest support. The oversold RSI also indicates the upcoming correction.
Summing up, the level at $0.2830 should be reached until October 17.
XRP is trading at $0.2914 at press time.
Gamza Khanzadaev
Godfrey Benjamin
