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BTC, ETH and XRP Price Prediction for December 16

source-logo  u.today 16 December 2024 15:59, UTC

Bears are keeping the pressure on at the beginning of the week, according to CoinMarketCap.

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BTC/USD

The rate of Bitcoin (BTC) has risen by 0.37% over the last 24 hours.

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Despite today's growth, the price of the main crypto is looking bearish on the daily chart. It made a false breakout of the resistance level of $104,630. If the decline continues, one can expect a test of the vital $100,000 area soon.

Bitcoin is trading at $103,333 at press time.

ETH/USD

The price of Ethereum (ETH) has gone up by 0.24% since yesterday.

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On the daily time frame, the rate of the main altcoin has once again bounced off the important zone of $4,000. If the bar closes far from that mark, the correction may lead to the test of the $3,800 range by the end of the week.

Ethereum is trading at $3,896 at press time.

XRP/USD

Unlike other coins, the rate of XRP has declined by 2.11%.

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From the technical point of view, the price of XRP is coming back to the support level of $2.1743. If buyers cannot seize the initiative soon, traders may witness a test of the $2.20 area.

XRP is trading at $2.360 at press time.

u.today