Most coins started the weekend in the green according to CoinMarketCap rankings.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) is slightly up 0.61% since yesterday.
BTC/USD chart by TradingView
Bitcoin (BTC) continues to trade around the $40,000 zone and is gathering strength for another move. However, the bulls don’t seem to have accumulated enough energy yet due to the declining trading volume. In this case, the more likely scenario is sustained sideways trading in the $39,500-$41,500 range for the next week.
Bitcoin is trading at $40,405 at press time.
ETH/USD
Ethereum (ETH) has followed BTC’s surge, up 0.60% over the last day.
ETH/USD chart by TradingView
On the daily chart, Ethereum (ETH) is trading similarly to Bitcoin (BTC). Volatility has fallen to its lowest level; However, the leading alcoin remains above the $3,000 level. If nothing changes and the bulls can sustain this level, a move up to $3,200 by the end of the month is possible.
Ethereum is trading at $3,041 at press time.
XRP/USD
XRP continues to climb after recent strong growth, up 0.88%.
XRP/USD chart by TradingView
Despite the strong growth, XRP has failed to settle above $0.80 so far. However, if the price fails to drop below $0.75, bulls could use this opportunity to gather strength for a potential level breakout. In that case, the surge could soon take the price of XRP into the $0.85-$0.90 zone.
XRP is trading at $0.777 at press time.
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