Cover image via www.tradingview.com
Most of the coins have followed the bullish mood of the market, however, there are some exceptions. Mainly, Chainlink (LINK) and Binance Coin (BNB) are the only losers among the Top 10 cryptocurrencies.
The key data for Ethereum (ETH), XRP and Bitcoin Cash (BCH) today:
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
Ethereum |
ETH |
$42,322,833,036 | $375.83 | $18,876,442,978 | 0.47% |
XRP |
XRP |
$11,147,301,746 | $0.247485 | $1,940,522,653 | 0.66% |
Bitcoin Cash |
BCH |
$4,363,353,604 | $235.62 | $3,484,976,436 | 4.22% |
ETH/USD
Yesterday, Ethereum (ETH) buying volumes exceeded average and, during the day, buyers retraced the price from the 2HEMA55 to an uptrend. In the morning, volumes decreased; therefore, it has not been possible to overcome the green trend line yet.
If buyers continue the bullish onslaught, then they can test the target level of $400 and gain a foothold in the green upward channel. In the event that resistance at the lower border of the channel reverses the price downward, with low market activity, the pair may hold at the level of $360. With a jump in volatility, the decline may reach the support of $320.
Ethereum is trading at $373.47 at press time.
XRP/USD
Yesterday, buyers were able to continue recovering from the level of average prices and came close to the resistance of $0.25. On the daily time frame, the Stoch RSI indicator lines show potential for the continuation of the recovery to the $0.265 area. Thus, the probability of a breakout of the $0.25 level is still relevant.
However, while we do not see a major buyer who could continue this rise, and if the pair fails to gain a foothold above the $0.25 mark, then the XRP price might roll back to the $0.23 support.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Crypto Today: Bitcoin is less than 10% away from all-time high as Ethereum ETF approval anticipation brews
Bitcoin trades around $68,000 early on Monday, less than 10% away from its all-time high of $73,777 on Binance. Ethereum ETF anticipation brews among traders and Ether investment products see inflow of over $45 million in the past week.
Ripple lawsuit settlement likely soon, says Brad Garlinghouse, XRP hovers around $0.60
Ripple (XRP) trades around a key psychological level of $0.60, early on Monday. The altcoin recently made headlines for its highest weekly gain of 2024, over 40%. XRP sustained nearly 21% of the gains from the last seven days.
Solana could cross $200 if these three conditions are met
Solana’s total value locked climbs 18% in July to $5.38 billion, as seen on DeFiLlama. Solana sustains over 20% gains in the past seven days, corrects nearly 3% on Monday. Active addresses and new address count in the Solana network have increased throughout July.
ALT, WLD, ENA, ID set for $200 million token unlocks next week
The crypto market is set to experience another wave of token unlocks next week, with Altlayer (ALT), Worldcoin (WLD), Ethena (ENA), and Space ID (ID) set for a combined token unlock worth about $200 million.
Bitcoin: Will BTC continue its bullish momentum?
Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166.