BTC, ETH and XRP Price Analysis for March 13
Which cryptocurrencies have gathered enough strength for a further sharp move?
The last day of the week is bearish rather than bullish as most currencies are in the red zone. Cardano (ADA) is the only climber on the list, with an increase of 1.20%.
Bitcoin (BTC) is falling slightly, falling 0.90% since yesterday.
From a technical standpoint, nothing has changed as the major cryptocurrency continues to trade in the middle of the broad range between the support at $34,000 and the resistance at $45,478.
If bulls want to keep the gain going, they need to get the price close to the vital $40,000. If that happens, one could see the zone test around $44,000 at the end of March.
Bitcoin is trading at $38,803 at the time of writing.
Ethereum (ETH) is the biggest loser of the list as the main altcoin is down more than 1%.
Ethereum (ETH) is trading in the zone of most liquidity around USD 2,600 with no bullish or bearish signals. The price is closer to the support level than the resistance; however, the sales volume is falling.
If bulls fail to keep the price above USD 2,500, there could be a sharp drop to USD 2,300.
Ethereum is trading at USD 2,559 at the time of printing.
The speed of XRP has remained virtually unchanged for the past 24 hours.
XRP is neither bullish nor bearish as neither side has gathered enough strength for a sharp move. If buyers can get the price back to $0.80 and fixate above it, one can expect further resistance growth at $0.91.
XRP is trading at $0.7850 at the time of writing.