BTC, ETH and XRP Price Analysis for April 29

AnalysisBTC, ETH and XRP Price Analysis for April 29



Denys Serhiichuk

How great are the chances to see the reversal of the top coins soon?

Bears have seized the initiative, turning all top 10 coins into the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 2.72% over the last 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) could not fix above the $40,000 mark, confirming bears’ power. If the decline continues and the rate touches $38,000, the drop may lead the price of the first crypto to the zone around $36,000. Such a scenario is relevant until mid-May.

Bitcoin is trading at $38,924 at press time.

ETH/USD

Ethereum (ETH) has fallen the least from the list today. The decline has made up 2.52% since yesterday.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Analyzing the daliy chart, Ethereum (ETH) is looking more bearish than Bitcoin (BTC). The price is about to test the local blue level at $2,774.

If the daily candle fixes below it, the main altcoin may face a sharp drop to the zone of $2,500-$2,600 soon.

Ethereum is trading at $2,852 at press time.

XRP/USD

XRP is the biggest loser today, going down by 3.32%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Bears have continued their pressure since yesterday against the increased trading volume. At the moment, there are no signals for a market reversal, which means that there is a high possibility to see a further drop. If sellers break the $0.60 mark, the fall may continue to the nearest support at $0.54.

XRP is trading at $0.6196 at press time.



Learn more

Latest news

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

Kazakhstan, which is home to one of the most significant Bitcoin (BTC) mining operations in the world, has...

Promoting Business Longevity With Succession Planning

Founder and principal of Keller Augusta, a national, full-service search and advisory firm specializing in commercial real estate....

Elon Musk’s Tesla says DOJ seeks Autopilot documents

Tesla disclosed on Tuesday the Justice Department has sought documents related to its Full Self-Driving and Autopilot driver-assistance...

Dogecoin (DOGE) Payments on Twitter Could Get Elon Musk in Trouble in SEC, XRP-Friendly Attorney Suggests

Alex Dovbnya The XRP-friendly attorney has suggested that the SEC could end up suing Elon Musk for offering Dogecoin...

Bitcoin pumped 43% in January 2023! What to expect in February

Tune in to The Market Report at 12:00 pm ET on Tuesday, Jan. 31, to watch our...

Bio-engineering firm touts plan to ‘de-extinct’ dodo bird

A genetic engineering company has bold plans to “de-extinct” and “re-wild” the dodo bird — centuries after the...

Must read

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

Kazakhstan, which is home to one of the...

Promoting Business Longevity With Succession Planning

Founder and principal of Keller Augusta, a national,...

Elon Musk’s Tesla says DOJ seeks Autopilot documents

Tesla disclosed on Tuesday the Justice Department has...

You might also likeRELATED
Recommended to you