E Point Perfect – Interesting and beneficial content

BTC, ETH and XRP Price Analysis for July 31


article image

Denys Serhiichuk

Can the cryptocurrency market remain bullish on the first days of August?

Most of the coins faced a correction period on the last day of the week.

Top coins by CoinMarketCap


Despite the slight decline, the rate of Bitcoin (BTC) has risen by 5.19% over the last 7 days.

BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) looks bullish as the rate stays above the $23,000 mark. If bulls can hold the initiative, one can expect a continued rise to the $25,000 zone on the first days of the upcoming month.

Such a scenario is relevant until mid-August.

Bitcoin is trading at $23,710 at press time.


Ethereum (ETH) has gained even more than Bitcoin (BTC) as the rate has grown by almost 8%.

ETH/USD chart by TradingView

Ethereum (ETH) has continued the rise after the false breakout of the mirror level at $1,476. In this case, the more likely scenario is a test of the $1,900-$2,000 area within the next days.

Ethereum is trading at $1,711 at press time.


XRP is showing the same growth as Ethereum (ETH), rising by 8%.

XRP/USD chart by TradingView

XRP is trading near its resistance level at $0.3893 on the weekly chart. If the candle closes above this mark, there is a high possibility to see a sharp upward move to the $0.40 zone soon.

XRP is trading at $0.3895 at press time.


Source link

Related posts

Dogecoin (DOGE) Now Listed on Top European Crypto Exchange: Details

Cardano-Cosmos Ecosystem Bridge Launches, Network Statistics Spike

XRP Mentioned in UN Paper on Crypto in Africa: Details

Key Reason Why Bitcoin Suddenly Dropped to Intraday Low

Inverse Finance DeFi Drained, Here’s What’s Special About This Hack

“Adding More Bags of LTC and XRP,” Here’s Reason