Can Ethereum (ETH) and XRP surpass Bitcoin (BTC) in the short term?
|Bulls keep dominating the cryptocurrency market as coins from the top 10 list are in the green zone.
Top 10 coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) has risen by 16%, having set the peak at $48,200.
BTC/USD chart by TradingView
On the daily chart, Bitcoin (BTC) might face a correction to the mirror level at $42,000 as there is almost no liquidity at the moment to keep the rise.
However, one should consider such a move as a short-term decline as part of the long-term bullish trend.
Bitcoin is trading at $45,638 at press time.
ETH/USD
Ethereum (ETH) is showing less growth than Bitcoin (BTC) as the rate of the leading altcoin has risen by only 3%.
ETH/USD chart by TradingView
From the technical perspective, Ethereum (ETH) needs more time to show a price blast as the coin is still in the accumulation phase. In this regard, sideways trading in the range of $1,650-$1,750 is the more likely scenario for the upcoming days.
Ethereum is trading at $1,742 at press time.
XRP/USD
XRP is the second-most growing coin today. The rate of the altcoin has gone up by 6.38% since yesterday.
XRP/USD chart by TradingView
XRP keeps trading in the bullish channel, aiming at the vital $0.50 mark. However, there are low chances for a breakout as the buying trading volume is low enough to fix above the resistance.
XRP is trading at $0.46 at press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.