Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The weekend has started mainly with bulls’ dominance.
BTC/USD
The rate of Bitcoin (BTC) has risen by 0.76% over the last 24 hours.
On the daily chart, the price of BTC has fixed above the level of $38,437. While the rate is above that mark, buyers have a chance to maintain the growth.
However, if sellers seize the initiative and BTC returns below $38,400, one can expect a further correction to the $38,000 zone.
Bitcoin is trading at $38,772 at press time.
ETH/USD
Ethereum (ETH) is following the rise of BTC, going up by 0.64%.
Ethereum (ETH) is on the way to test the resistance level of $2,131 again. If the bar closes near it with no long wicks, there is a possibility of a breakout followed by a blast to the $2,200 zone.
Ethereum is trading at $2,105 at press time.
XRP/USD
XRP is not an exception, rising by 0.65%.
On the daily time frame, neither bulls nor bears are dominating at the moment as the price of XRP is far from the support and resistance levels. Buyers can only seize the initiative if the rate returns to $0.6287 and fixes above.
XRP is trading at $0.6147 at press time.
Source: https://u.today/btc-eth-and-xrp-price-analysis-for-december-2