BTC, ETH and XRP Price Analysis for March 1

AnalysisBTC, ETH and XRP Price Analysis for March 1


Bulls keep controlling the situation on the market as most of the coins are in the green zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the biggest gainer today, rising by almost 9% since yesterday.

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

On the daily chart, Bitcoin (BTC) is about to reach the resistance at $45,478 against the increased buying trading volume.

If bulls can hold the initiative, the rise may lead the price of the main crypto to the zone of $50,000 soon.

Bitcoin is trading at $44,017 at press time.

ETH/USD

Ethereum (ETH) is performing worse than BTC, going up by 6.20% over the last 24 hours.

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

Ethereum (ETH) has fixed in the bullish zone after the breakout of the resistance at $2,815.

If the situation does not change, the growth may continue to the zone of the most liquidity at $3,100 until the end of the week.

Ethereum is trading at $2,971 at press time.

XRP/USD

XRP has gained the least with a rise of 3.63%.

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

Despite the growth, XRP could not fix above the $0.80 mark. At the moment, the more likely scenario is sideways trading in the range $0.75-$0.80. In this case, a potential rise may get it to the $0.85 mark.

XRP is trading at $0.7820 at press time.



Learn more

Latest news

XRP Price Analysis for February 8

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It...

Bernard Arnault company demands Kenz Beauty change its name

A small business owner has found herself embroiled in a legal battle with one of the world’s largest...

Carvana stock, heavily shorted, spikes as much as 27%

Carvana's (CVNA) stock was halted for volatility on Wednesday morning as it rose 27% before retreating.Shares of the...

Eight Tips For Increasing Engagement With Your Business’s Instagram

Though TikTok may be receiving a lot of press as of late, steadfast platforms like Instagram still reign...

Trust in Cryptocurrencies Collapses: Poll

Alex Dovbnya Trust in cryptocurrencies has taken a hit globally, declining by 30 percentage points on average across 17...

Tina Fey, David Simon call on MSNBC to end writer’s logjam

Unionized writers for all of MSNBC’s programs got support Wednesday from Hollywood heavyweights in their stalled battle for...

Must read

XRP Price Analysis for February 8

Disclaimer: The opinion expressed here is not investment...

Bernard Arnault company demands Kenz Beauty change its name

A small business owner has found herself embroiled...

Carvana stock, heavily shorted, spikes as much as 27%

Carvana's (CVNA) stock was halted for volatility on...

You might also likeRELATED
Recommended to you