BTC, ETH and XRP Price Analysis for October 23

23 October 2023

in XRP

Reading Time: 2 mins read

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Buyers keep controlling the situation on the market, according to CoinStats.

BTC/USD

The rate of Bitcoin (BTC) has increased by 3.23% over the last 24 hours.

On the daily chart, the price of Bitcoin (BTC) is approaching the resistance level of $31,500. If the bar closes near it, traders may expect continued midterm growth as the main coin has accumulated enough energy for that.

Bitcoin is trading at $30,810 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer today, going up by 3.35%.

Despite today’s rise, the rate of ETH remains in the channel as the price is far from the key levels. If buyers want to seize the initiative, they need to fix above the $1,750 zone.

Only in that case, traders may expect a test of the $1,800 zone.

Ethereum is trading at $1,679 at press time.

XRP/USD

XRP is not an exception to the rule, rising by 2.4%.

From the technical point of view, XRP is trading similarly to Bitcoin (BTC), as its rate is on its way to testing the resistance level. If the breakout of $0.55 happens, traders may expect an upward move to the $0.58 zone.

XRP is trading at $0.5371 at press time.

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.

Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.