Cryptocurrency Price Analysis: Ethereum, Ripple, Bitcoin Cash, EOS, ICON

  • Among the top 5 cryptocurrencies, Ripple was the top gainer with 8.61% in the last 24 hour.
  • Ethereum also gained 4.12% in today’s market and showing a tendency to build a bullish rally.

The cryptomarket today saw bullish movement in major cryptocurrencies. Bitcoin gained around 3.56% with a trading price of around $9,442. The market capitalization of bitcoin is around $171,849,779,986. The volume traded is around $13,748,435,592. The bulls successfully pushed the price above the resistance mark of $9320. BTC dominance is 64.5%.


Ethereum (ETH) Price Analysis

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Ethereum gained 6.26% and moving within the price bracket of $190-$200. The overall market capitalization is around $21,572,566,666 and the volume traded is around $4,849,567,501. The bulls are supporting ethereum and it is expected to cross the $200 mark. If it breaks this resistance level, it is expected that traders can see new sharp rises.


Ripple (XRP) Price Analysis


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Ripple has been the top trending cryptocurrency in today’s market. BitMEX announced a new perpetual swap that will be available on the XRP token (XRPUSD). Also, Ripple has entered in a new partnership with Intermex, which aims to ensure faster cross-border payments between U.S. and Mexico. XRP gained around 5.95% with the market capitalization of $21,534,539,798. The volume traded was around $4,865,208,964. The major concern for this cryptocurrency is that whether it will break the $200 resistance mark or not.


Bitcoin Cash (BCH) Price Analysis


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The bullish movement in the market also favoured bitcoin cash. It gained around 11.79% with the market capitalization of $7,739,701,927. The volume traded was around $4,166,937,415. Currently, it is trading around $427 and is expected to break the resistance level of $435. 


EOS (EOS) Price Analysis


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EOS also had positive movement in the market with a gain of 9.01%. The overall market capitalization is around $4,242,993,996 and the volume traded is $1,400,826,631. EOS started the day with a price of $4.02 and is currently around $4.45. It will be interesting if EOS breaks out the $5 mark. 


ICON  Price Analysis


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Among the bulls, ICON was the one who faced the downward shift of around -6.64%. The market capitalization was around $239,652,604, and the volume traded was $147,810,378. It is settling on a new support level of $0.45886.


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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.

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