As most coins are back in the red region at the beginning of the new week, the bears are exerting pressure.
BTC/USD
The exception to the trend is Bitcoin (BTC), which has increased by 2.35% in the last day.
After breaking above the crucial resistance of $26,533, the price of Bitcoin (BTC) is gradually increasing. Purchasers may, however, require additional time to build up their power for future expansion. The most likely outcome in this circumstance is sideways trade in the restricted band of $27,000-$28,000.
The price of one bitcoin is $27,892 as of publication.
ETH/USD
Although Bitcoin (BTC) has increased, Ethereum (ETH) has down by 1.04%.
From a technical standpoint, Ethereum (ETH) and Bitcoin (BTC) trade similarly; nevertheless, because the price is close to the resistance, bears are not likely to give up quickly.
A sustained increase is the most likely scenario for the upcoming few days until the rate is above the $1,742 threshold.
At the time of publication, Ethereum is worth $1,768.
XRP/USD
With a loss of 4.20%, XRP is the list's largest loser today.
The price of XRP has yet again failed to stabilise above the $0.39 level on the daily chart. Bulls are not prepared to purchase at the current prices, as seen by the volume's drop. This suggests that through the end of the week, consolidation around the $0.38–$0.3850 area is the most likely scenario.
XRP is now trading at $0.3807 as of this writing.
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