Crypto Price Analysis
Over the last week we saw Tether USD marketcap breaking another record by reaching a marketcap of over $20 billion.
According to Coinmarketcap, the daily spot volume trading is fluctuation between $170 billion to $280 billion in the last week.
To decide if we will have a breakout or whether a short-term reversal is around the corner let's examine Bitcoin, ETH, XRP, and Cardano
Video crypto price coverage
XRP Price Analysis
XRP price range for the next few days is $50 cents and $60 cents. If XRP is enable to maintain it price above $50 cents, it will trigger a further price drop that can potentially reach the next support level of $45 cents
ADA Price Analysis
The support level for the next few days is $14.5 cents. ADA price for the upcoming days will varies from $14.5 cents to $15.5 cents. In addition, if ADA is enable to stay above $14.5 cents, this can lead to a further drop.
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ETH Price Analysis
ETH currently trading around $623. Ethereum will most likely touch $617. If ETH is no able to stay above $617, the next price range for ETH is $594.
BTC Price Analysis
Bitcoin is currently trading at $23381. With the current consolidation, BTC will most likely retouch the support level of $23k If Bitcoin is enable to stay above $2300, we should expect some further dips.
The viewpoints and opinions expressed here are solely those of the author and do not necessarily represent the views of Cryptostec. Any investment and trade move involves risk. When you make a decision, you can do your own analysis.
