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Weekly Price Analysis of Top Three Cryptocurrencies

Crypto market is in a really good situation right now. The flagship coin, Bitcoin (BTC) is performing excellently and other altcoins are performing well. In this article, we will analyze and predict the price of three leading digital currencies in the crypto market right now, namely, Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH).

1: BITCOIN (BTC)

The flagship coin Bitcoin (BTC) was trading at $8,067.83 against the United States Dollar (USD) at the time of writing this article. The number one coin was also showing a positive growth of 14 percent. The market cap of the coin was $142.9 billion and the 24 hours trading volume of the coin was $11.6 billion. The coin has shown massive growth since December last year. The next resistance level for Bitcoin (BTC) will be $8,230 followed by the next resistance level of $8,775 against the United States Dollar (USD). The first support level for the coin is $8,000 below the current price. Bitcoin (BTC) can start showing a downward trend by the end of this year once it reaches its maximum level. The MACD on the daily chart shows a bullish trend. The bulls are presently dominating although they cross below the ADX line.

2: ETHEREUM (ETH)

Ethereum (ETH) is presently trading at $206.6 against the United States Dollar (USD)). The digital currency is showing a positive growth of 8.66 percent.  The market cap of the coin was $21,912,694,787 United States Dollar (USD) and the 24 hours trading volume was $12,705,406,422 United States Dollar (USD). The coin is currently ranked second. The first resistance level for the coin is $208.5, followed by $225 and after that the next resistance level would be of $236 against the United States Dollar (USD). The current support level for the coin is at $199 below the current price followed by the next support level of $190. The MACD on the daily charts shows a bullish profile. The DMI in the daily charts shows that the bulls are dominating.

3: RIPPLE (XRP)

Ripple (XRP) was trading at $0.3852 against the United States Dollar (USD) at the time of writing this article. The coin was also showing a positive growth of 20.6%. The market cap of the coin was $16.2 billion and the 24 hours trading volume of the coin was $42.1 billion. The first resistance level that will be faced by Ripple (XRP) will be of $0.39 followed by $0.41. The support level for the coin is below the current price at $0.37 followed by the next support level of $0.34. The indicators are lying below the zero line so if the trend continues it can be positive.

About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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