The new week has started with a neutral market mood, according to CoinMarketCap. The review includes BTC, ETH, and XRP rate changes.
Current Market Situation
According to CoinMarketCap, the market is experiencing a neutral mood, reflected in minor fluctuations of leading cryptocurrency rates.
Bitcoin (BTC) Price Dynamics
The rate of Bitcoin (BTC) has dropped by almost 2% over the last 24 hours. The daily chart shows the price declining following a false breakout of the resistance level at $99,100. Attention should be paid to the interim level of $95,000. If the bar closes near it or below, a correction to the $90,000-$92,000 area is likely. At press time, Bitcoin is trading at $95,467.
Ethereum (ETH) Price Changes
Ethereum (ETH) has followed the BTC decline, falling by 2.38%. From a technical point of view, the rate of ETH is trading similar to BTC. If the sellers' pressure continues and the bar closes around the current prices, there's a chance to see a test of the $3,500 range by the end of the week. At press time, Ethereum is trading at $3,610.
XRP Price Surge
XRP is an exception to the rule, rising by 23.38%. Despite today's sharp growth, traders should focus on the daily bar's closure regarding yesterday's candle peak. If it happens below that mark, bears may locally seize the initiative, potentially leading to a drop to the $2-$2.20 area. At press time, XRP is trading at $2.3706.
Currently, the cryptocurrency market is characterized by various movements in the rates of major cryptocurrencies. BTC and ETH are trending downward, while XRP shows significant growth.
