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HomeDEFIBTC, ETH and XRP Price Analysis for August 6

BTC, ETH and XRP Price Analysis for August 6

The weekend has began with a impartial temper on the cryptocurrency market as some cash hold rising, whereas others have entered the correction zone.

Top coins by CoinMarketCap


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 timeframe, 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 likelihood to see a check of the native resistance at $24,280 subsequent week.

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


Ethereum (ETH) has gained probably the most worth at present, rising by nearly 2%.

ETH/USD chart by TradingView

From the technical viewpoint, Ethereum (ETH) is wanting extra bullish than Bitcoin (BTC), as the speed of the primary altcoin is approaching the resistance stage at $1,785. Thus, the worth is positioned above the vital mark of $1,700, confirming consumers’ strain. If nothing modifications, the breakout could occur inside the subsequent days.

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


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 amassed sufficient energy for additional development. A midterm bull run may solely begin when the worth 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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