👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

BTC, ETH and XRP Prediction for August 19

Published 2024-08-19, 11:44 a/m
BTC/USD
-
ETH/USD
-
XRP/USD
-

U.Today - The prices of some coins keep rising, while others have come back to the red zone, according to CoinStats.

Top coins by CoinStats

BTC/USD

The rate of Bitcoin has declined by almost 2% since yesterday.

Image by TradingViewThe price of BTC keeps gaining energy for a further move. Such a statement is also confirmed by the falling volume. In this regard, ongoing sideways trading in the range of $58,000-$60,000 is the more likely scenario until the end of the week.

Bitcoin is trading at $58,624 at press time.

ETH/USD

Ethereum (ETH) has followed the drop of BTC, going down by 3%.

Image by TradingViewOn the daily chart, the rate of ETH is closer to the support than to the resistance.

If the downward move continues, there is a chance to see a test of the $2,400 area within the next few days.

Ethereum is trading at $2,584 at press time.

XRP/USD

XRP is the exception to the rule, rising by 1.48%.

Image by TradingViewThe price of XRP is testing the resistance level of $0.5834. If it breaks out, the energy might be enough for continued growth to the $0.60 range.

XRP is trading at $0.5813 at press time.

This content was originally published on U.Today

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.