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Cryptocurrency News Articles
Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) Price Analysis for March 14
Oct 07, 2024 at 10:15 pm
A new week has started positively for most of the coins, according to CoinMarketCap.
Most coins have started the new week on a positive note, CoinMarketCap shows.
BTC/USD
Bitcoin (BTC) has gained 1.55% over the past 24 hours.
Bitcoin’s price continues to rise on the daily chart after yesterday's bullish closure. However, if today's candle closes far from its peak, we can expect to see the further upward move postponed due to a lack of buyers' energy.
Bitcoin is trading at $62,952 at press time.
ETH/USD
Ethereum (ETH) has followed BTC's lead, rising by 1.81%.
ETH's price has made a false breakout of the resistance at $2,499. If buyers fail to seize the initiative by the end of the day, we can expect to see a correction into the range of $2,400-$2,450.
Ethereum is trading at $2,470 at press time.
XRP/USD
XRP is not an exception to the rule, adding nearly 1%.
From a technical perspective, XRP's price action is similar to ETH's. Its price has rebounded from the resistance at $0.5445.
Until it is below that mark, we can expect to see a decline into the $0.53 zone by the end of the week.
XRP is trading at $0.5369 at press time.
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