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BTC, ETH and XRP Price Analysis for July 17

1 Mins read

The weekend has begun with ongoing bearish pressure as the majority of the coins remain red.


Top coins by CoinMarketCap


Bitcoin (BTC) has confirmed the bearish trend, falling by 6.63% over the past week.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) could not fix above the level of $32,190, which means that the ongoing decline is the more likely scenario at the moment.

The last support before a potential sharp drop is the zone around $30,000. If bears break it, the price decrease may continue to $24,000.

Bitcoin is trading at $31,396 at press time.


Ethereum (ETH) is looking worse than Bitcoin (BTC) as its price has gone down by 1.26% since yesterday.

ETH/USD chart by TradingView

Ethereum (ETH) is trading within the falling channel with no growing signals. The $1,730 level is the last one before the more profound decline to around $1,500. Thus, the selling trading volume is low, which means that there are few buyers who want to buy at the current rate.

Ethereum is trading at $1,867 at press time.


XRP is the biggest loser from the list, going down by almost 3%.

XRP/USD chart by TradingView

XRP made a false breakout of the $0.70 mark, which means that sellers keep dominating the market. Buyers are showing no efforts to restore the price to at least $0.60. In this case, the decrease may continue to the nearest support at $0.505 where bulls may seize the initiative.

XRP is trading at $0.5794 at press time.

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