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BTC, ETH and XRP Price Analysis for August 6

xrpfamily by xrpfamily
August 6, 2022
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BTC, ETH and XRP Price Analysis for August 6
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The weekend has began with a impartial temper on the cryptocurrency market as some cash keep rising, whereas others have entered the correction zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) stays within the inexperienced space, going up by 0.70% during the last 24 hours.

BTC/USD chart by TradingView

On the every day time-frame, Bitcoin (BTC) is buying and selling across the $23,000 zone after the false breakout of the help stage at $22,401. If bulls can maintain the $23,000 mark, there’s a probability to see a take a look at of the native resistance at $24,280 subsequent week.

Bitcoin is buying and selling at $23,214 at press time.

ETH/USD

Ethereum (ETH) has gained essentially the most worth at the moment, rising by virtually 2%.

ETH/USD chart by TradingView

From the technical standpoint, Ethereum (ETH) is wanting extra bullish than Bitcoin (BTC), as the speed of the principle altcoin is approaching the resistance stage at $1,785. Thus, the value is positioned above the necessary mark of $1,700, confirming patrons’ stress. If nothing modifications, the breakout might occur inside the subsequent days.

Ethereum is buying and selling at $1,712 at press time.

XRP/USD

XRP will not be an exception to the rule, going up by 0.38%.

XRP/USD chart by TradingView

Regardless of the rise, XRP has not accrued sufficient energy for additional progress. A midterm bull run would possibly solely begin when the value will get near the essential mark of $0.40. The low quantity additionally confirms the present sideways buying and selling.

XRP is buying and selling at $0.3740 at press time.



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