Even after the sharp growth of Bitcoin (BTC) and other coins yesterday, the cryptocurrency market is neglecting a possible correction as all of the top 10 coins remain in the green zone.
The key statistics on Bitcoin (BTC), Ethereum ETH), and XRP are below.
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$186 088 306 299 |
$10,117.84 |
$39 498 279 636 |
5.77% |
|
Ethereum |
ETH |
$27 936 282 288 |
$251.27 |
$13 965 780 927 |
5.07% |
|
XRP |
XRP |
$9 431 382 672 |
$0.213801 |
$1 856 834 392 |
4.54% |
BTC/USD
Our last Bitcoin (BTC) price prediction has come true as the chief crypto reached the $10,500 mark this week. A five-day flat of about $9,500 ended with a powerful impulse above $10,400. After that, a wave of sales from $10,400 - $10,500 sent the price down. Bitcoin (BTC) has found support around $10,100 and has been trading in a narrow range of $10,130 - $10,080 for several hours.
For the third time since the beginning of the year, the first top crypto has been above $10,000. In February, the five-digit price of the main cryptocurrency was pleasing to the eye for 11 days. In May, it was possible to stay above the psychological mark of $10,000 for no more than a few hours.
The price after the completion of the accumulation broke through resistance at $9,800 and went up to the target of $10,380. The upward movement is probably not over yet. If in the near future buyers will be able to gain a foothold above $10,000, the following aims for continued growth are located at $10,803 and $11,142.
Bitcoin is trading at $10,136 at press time.
ETH/USD
Ethereum (ETH) is showing almost the same growth as Bitcoin (BTC). The rise over the past day has amounted to 5.47%.
Ethereum (ETH) has come back to the $250 zone where the decline in March started from. However, there is no seller reaction on that level, suggesting that buyers have efforts to get the leading altcoin to $277. It will not be so easy to do so at first, which means that Ethereum (ETH) needs to face a sort of consolidation. In this case, the growth will possibly be followed by a decline to $240.
Ethereum is trading at $252.11 at press time.
XRP/USD
Even though XRP is showing the smallest price dynamics compared to Bitcoin (BTC) and Ethereum (ETH), the third most popular crypto has managed to rise by 4.77% since yesterday.
On the daily chart, XRP might have started its long-term bullish cycle, which is confirmed by the MACD indicator. The coin is approaching the $0.219 mark on relatively high buying trading volume. The only thing that might be an obstacle is low liquidity. However, if the overall market mood remains positive, the said resistance will be attained in the first part of June.
XRP is trading at $0.2139 at press time.