A new week has started with a market correction. Below we will look at the current state and forecasts for Bitcoin, Ethereum, and XRP.
BTC/USD Overview
The price of Bitcoin (BTC) has fallen by 2.77% over the last 24 hours. On the daily chart, the rate of BTC is falling after a failed attempt to fix above the $66,000 zone. If today's bar closes near its low, there is a chance to see a test of the $60,000-$62,000 range by the end of the week. Bitcoin is trading at $63,966 at press time.
ETH/USD Overview
The rate of Ethereum (ETH) is also going down today. The price of ETH is falling after a false breakout of the resistance of $2,702. Until the rate is below that mark, bears are controlling the market situation. In this case, traders may witness a more profound decrease to the $2,500-$2,550 zone. Ethereum is trading at $2,614 at press time.
XRP/USD Overview
XRP is not an exception to the rule, falling by 2.19%. On the daily time frame, the price of XRP is not ready yet to keep growing. If the candle closes far from the resistance of $0.6586, the decline may continue to the important zone of $0.60 shortly. XRP is trading at $0.6230 at press time.
The correction in the cryptocurrency market continues, and market participants are closely watching further developments. The situation may change depending on current price movements and the overall market context.
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