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Price Update: Bitcoin (BTC), Ethereum (ETH), XRP

Three top cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and XRP are still looking for a major breakout. Currently, all of these three assets are trading slightly bearish at the moment in the market while standing in their stable zones respectively. These top coins are making efforts to break their near-term resistance levels but they have yet to achieve success in doing that.

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1)    BTC/USD

Bitcoin, the largest cryptocurrency in the world by market capitalization, is still hovering in the range between $10,000 and $11,000 with no positive signs that indicate that the first-ranked digital currency is going to come out of this zone.  It has been now passed almost one month since Bitcoin’s price is trapped in this area.

The coin made an effort in the recent week when it topped above $10,800 but it was also a failure as the coin retrieved back soon after that. Bitcoin, for now, only has one goal to achieve in the near-term that is to break above the past resistance of $11,000 which has become a psychological barrier for the coin. For breaking this level, BTC needs to have a support of $10.8k. Currently, the price value of Bitcoin is trading at $10,753 with a change rate of -1.07% in 24 hours, at the time of writing.

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2)    ETH/USD

The second-largest cryptocurrency by market cap Ethereum (ETH) has also done nothing special in recent weeks as the overall sentiment for the coin in the market still appears to be bearish at the moment.

ETH is trying to reclaim the $400 level in the short-term trend. But to reach there, the second-ranked digital coin is required to break the near-term resistance of $3.75. If this resistance level is broken, the coin might easily find its way towards the major resistance. At the press time, the price value of ETH is standing at $357 with a change rate of -1.75% in 24 hours.

3)    XRP/USD

Ripple’s native digital currency XRP has also gone stuck at the $0.24 level where it is continuously consolidating. After plunging down from its yearly high above $0.30, the fourth-ranked cryptocurrency has not been able to make any big move so far.

The short-term resistance for XRP lies in the range between $0.26 and $0.27 which needs to be broken. At the time of writing, XRP’s price is trading down 1.74% while holding at $0.24.

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MubaShar Nawaz

MubaShar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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