BTC, ETH and XRP Price Analysis for January 27

BTC, ETH and XRP Price Analysis for January 27

Sat, 27/01/2024 – 17:49

BTC, ETH and XRP Price Analysis for January 27
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Local growth continues on the cryptocurrency market, according to CoinStats.


Top coins by CoinStats


The rate of Bitcoin (BTC) has increased by almost 1% over the last 24 hours.

Image by TradingView

On the daily chart, the price of BTC is on the way to test the zone of $42,000. If the bar closes near it, the accumulated energy might be enough for a blast to the $43,000 area next week.

Bitcoin is trading at $41,790 at press time.


Ethereum (ETH) has gained less than BTC, going up by 0.79%.

Image by TradingView

The rate of ETH is trading sideways as the price is far from the key levels. In this case, ongoing consolidation in the area of $2,200-$2,300 is the more likely scenario for the upcoming week.

Ethereum is trading at $2,272 at press time.


XRP has gained the most value today, rising by almost 2%.

Image by TradingView

From the technical point of view, XRP is trading similarly to Ethereum (ETH). As neither side has seized the initiative yet, traders should expect sideways trading between $0.53 and $0.55 soon.

XRP is trading at $0.5305 at press time.

Published at Sun, 28 Jan 2024 05:10:00 +0100

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