BTC, ETH and XRP Price Analysis for January 27
BTC, ETH and XRP Price Analysis for January 27
Sat, 27/01/2024 – 17:49
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Local growth continues on the cryptocurrency market, according to CoinStats.
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BTC/USD
The rate of Bitcoin (BTC) has increased by almost 1% over the last 24 hours.
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.
ETH/USD
Ethereum (ETH) has gained less than BTC, going up by 0.79%.
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/USD
XRP has gained the most value today, rising by almost 2%.
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