BTC, ETH and XRP Price Analysis for June 19


The cryptocurrency market is recovering slightly after a prolonged decline and most coins are in the green zone.

Top Coins from CoinMarketCap

BTC/USD

Despite today’s gains, Bitcoin (BTC) price has fallen 28.80% in the past seven days.

BTC/USD Chart by TradingView

On the weekly chart, Bitcoin (BTC) is about to make a false breakthrough of $19,490. At this point, one should pay close attention to the daily closing. If buyers can hold the lead and the price stays close to $19,500, there is a chance of a further correction from the $20,000 zone next week.

Bitcoin is trading at $19,468 at the time of writing.

ETH/USD

Ethereum (ETH) has risen more than Bitcoin (BTC) since yesterday as the price change accounted for 4.44%.

ETH/USD Chart by TradingView

Ethereum (ETH) has also moved off the $900 mark against increased volume. So the price has moved above the crucial $1,000 again. If the situation does not change by the end of the day, one can expect continued growth towards the $1,150-$1,200 area in the coming days.

Ethereum is trading at $1,033 at the time of printing.

XRP/USD

XRP is down the least in terms of the weekly analysis as it dropped 9.80%.

XRP/USD Chart by TradingView

Despite this, the situation is less clear when compared to Ethereum (ETH) and Bitcoin (BTC). Currently, bulls need to hold onto the initiative they have been given and keep the price above the USD 0.30 level. If they manage to do that, a near-term rise to $0.35 is possible.

XRP is trading at $0.3132 at the time of writing.

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