The decline on the weekend has been replaced by growth as all of the top 10 coins have come back to the green zone.
Top coins by CoinMarketCap
BTC/USD
Last Saturday, the price of Bitcoin (BTC) consolidated in a narrow range at the $47,745 level. At some point, the pair broke through the resistance of $48,000, renewing the monthly high at $48,190, but sellers immediately brought the price down to the support of $46,000.
BTC/USD chart by TradingView
On Sunday, another bearish momentum tried to push through the two-hour EMA55. But this level of average prices kept the pair from a deep pullback.
At the beginning of this week, buyers again went to storm the resistance of $48,000. In case of a successful breakthrough of this milestone, the price of Bitcoin (BTC) this week might be able to test the psychological mark of $50,000.
Bitcoin is trading at $47,283 at press time.
ETH/USD
At the end of last week, buyers were unable to break above the $3,333 mark, and the Ethereum (ETH) price rolled back to the four-hour EMA55 area.
ETH/USD chart by TradingView
On Sunday night, sellers lost the initiative and, over the past night, the pair fully recovered to the monthly high. It was updated to the level of $3,340 tonight, but buyers have not yet been able to test the resistance of $3,400. After a short pullback, attempts to break above the resistance of $3,400 may be repeated, and the August high can move to $3,500.
Ethereum is trading at $3,287 at press time.
XRP/USD
On Saturday morning, after a short consolidation, the XRP price broke through the $1.15 resistance and continued to rise above the $1.20 level. At the end of last week, the bulls managed to renew the summer high to $1.35.
XRP/USD chart by TradingView
At the moment, the price has pulled back from the high zone, but buyers are trying to restore the pair and test the level of $1.40. If the pair manages to gain a foothold above this line, then this week a retest of the resistance of $1.50 is possible.
XRP is trading at $1.2762 at press time.
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
Bitcoin Weekly Forecast: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
XRP fails to recover even as Ripple files appeal in response to SEC's move
Ripple price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the SEC vs. Ripple lawsuit sees new developments.
Ethereum Price Forecast: ETH declines below $2,500 as demand fades
Ethereum price is nearing its daily support level of $2,461; a firm close below this level would suggest a decline ahead. Coinbase Premium Index shows signs of weakness and remains below neutral levels.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC shows signs of recovery
Bitcoin has found support at the key $66,000 level, suggesting a potential recovery. However, Ethereum and Ripple prices are struggling below their critical support levels, indicating a possible continuation of their downtrends.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin (BTC) trades slightly down at around $67,500 on Friday after finding support around the $66,000 level on Wednesday, following three consecutive days of decline earlier in the week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.