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Crypto

BTC, ETH and XRP Price Analysis for August 15


The new week has started with a correction on the market as most of the coins from the top 10 list are in the red zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is falling the least from the list with a decline of 1.70%.

BTC/USD chart by TradingView

Despite the drop, Bitcoin (BTC) remains trading above $24,000, which is vital for bulls to save in terms of further growth. However, if the candle closes below the mentioned mark, the fall may continue to the $23,500 zone soon.

Bitcoin is trading at $24,093 at press time.

ETH/USD

Ethereum (ETH) is the main loser today, going down by 4.57% over the last day.

ETH/USD chart by TradingView

Ethereum (ETH) is looking more bearish than Bitcoin (BTC) as the price has dropped below the vital $1,900 mark. If bulls cannot restore the lost initiative by the end of the day, there are high chances to see the test of the $1,800-$1,850 zone in the second part of the month.

Ethereum is trading at $1,891 at press time.

XRP/USD

XRP has followed the drop of Bitcoin (BTC), declining by almost 4%.

XRP/USD chart by TradingView

XRP is approaching the support level at $0.3635, which has been recently tested. At the moment, the more likely scenario is the breakout of the mentioned mark, followed by a sharp decline to the $0.35 area.

XRP is trading at $0.3674 at press time.



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