BTC, ETH and XRP Price Prediction for December 16
12/16/2024 21:55Has correction of Bitcoin (BTC), Ethereum (ETH) and XRP started yet?
Original U.Today article
Has correction of Bitcoin (BTC), Ethereum (ETH) and XRP started yet?
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Bears are keeping the pressure on at the beginning of the week, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has risen by 0.37% over the last 24 hours.
Despite today's growth, the price of the main crypto is looking bearish on the daily chart. It made a false breakout of the resistance level of $104,630. If the decline continues, one can expect a test of the vital $100,000 area soon.
Bitcoin is trading at $103,333 at press time.
ETH/USD
The price of Ethereum (ETH) has gone up by 0.24% since yesterday.
On the daily time frame, the rate of the main altcoin has once again bounced off the important zone of $4,000. If the bar closes far from that mark, the correction may lead to the test of the $3,800 range by the end of the week.
Ethereum is trading at $3,896 at press time.
XRP/USD
Unlike other coins, the rate of XRP has declined by 2.11%.
From the technical point of view, the price of XRP is coming back to the support level of $2.1743. If buyers cannot seize the initiative soon, traders may witness a test of the $2.20 area.
XRP is trading at $2.360 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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