In the last days of last week, Ripple news and XRP positively affected by the price increase bitcoin And altcoins It made a quiet start to the second half of July. In this article, we will take a look at the technical view of the major cryptocurrencies.
Bitcoin (BTC)
Over 30 thousand dollars in the last week of June bitcoinremains above the psychological level. While the leading cryptocurrency has been on its way in the horizontal channel for 3 weeks, volatility has decreased significantly over the weekend.
Traders are curiously waiting for the direction in which Bitcoin, which is horizontal in the range of $ 29,800-31,300, will continue. If the horizontal channel is broken upwards BTC The price may rise as high as $36,400. However, in the bear-dominated scenario, there is a support area just above $28,000.
Robert Kiyosaki, who shared on Twitter last week, made an important prediction for the price of Bitcoin.
Bitcoin is currently trading at $30,270.
Ripple (XRP)
With the positive news from the American judiciary on Friday, Rippleattracted all the attention with its price action. A judge dealing with the case between the SEC and Ripple justifies the crypto initiative, XRP It caused the price to skyrocket.
XRP, which was around $ 0.47 before the news, reached the level of $ 0.93 within minutes after the lawsuit decision. Some profit sale over the weekend Ripple’s token started the new day at $0.75.
The visible support point for the cryptocurrency wearing the rockets is found at $0.56. XRP, which has nearly doubled in hours, should be cautious when trading.
Ethereum (ETH)
Largest altcoin by market capitalization excluding stablecoins Ethereummoved in the opposite direction with XRP last Friday. When Ripple rises ETH Selling from $2,000 to $1,900 support. Inexperienced Ethereum investors may have flocked to the rising coin by selling after the news of XRP.
The leading altcoin spent the weekend testing the $1,900 level. If the support level is broken to the downside, ETH price may continue to decline as low as $1,770.
Ethereum is making a calm start to the new week around $1,930.
You can reach the developments that may change the course in the crypto money markets this week.
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.