Cryptocurrency Market Update: Ripple stuck in range circa $0.19 amid thin trading
|- Crypto bulls struggling for a comeback after Friday’s crash.
- Ethereum outperforms the top 3 favorite crypto coins on a weekly basis.
- Bitcoin set to end the week 1.50% higher amid light Easter trading.
Top 3 coins’ price overview
- Bitcoin (BTC/USD) trades in a sideway manner so far this Saturday, fluctuating between gains and losses in almost $100 range. The bulls are struggling to extend the recovery from a five-day low of 6750.92 reached on Friday, in the face of a symmetrical triangle breakdown on the 15-minutes chart, which exposes the levels sub-6700. The most dominant cryptocurrency was last seen trading around 6880, enjoying a market capitalization of $125.93 billion.
- Ethereum (ETH/USD), with a current market capitalization of $17.59 billion, trims the recovery gains, tracking the consolidative mode seen across the crypto space following Friday’s steep declines. The No. 2 coin, currently, holds the lower ground around 158.80 region, having reversed the uptick to 161.51. The spot remains trapped between the 50% and 38.2% Fib level of Friday’s crash amid a quiet Easter weekend. Despite the anaemic recovery, the coin is on track to book an 11.50% weekly gain.
- Ripple (XRP/USD) continues to trade in a narrow range around the 0.19 handle on Saturday, reporting a 1% gain on the day. The bulls lack vigor amid thin market conditions, as the recent bearish bias remains intact following a pennant breakdown on daily sticks last Friday. At the press time, the No. 3 coin attempts a bounce from intraday lows of 0.1878, set to settle the week higher by nearly 6%.
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