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BTC, ETH and XRP Price Prediction for March 4

source-logo  u.today 04 March 2024 16:48, UTC

The new week has stared with the ongoing rise of the cryptocurrency market, according to CoinMarketCap.

BTC/USD

Bitcoin (BTC) is one of the biggest gainers today, rocketing by 4.30% over the last day.

On the daily chart, the rate of BTC has broken the $65,000 mark and is on its way to the next resistance level of $67,150. If the bar closes near it or above, there is a great chance to see a all-time high this week.

Bitcoin is trading at $65,093 at press time.

ETH/USD

Ethereum (ETH) is less of a gainer than BTC, rising by 1.61%.

From the technical point of view, traders should pay attention to the bar's closure in terms of the level of $3,521. If the candle closes far from it and a false breakout happens, sellers may locally seize the initiative, which might lead to a correction to the $3,300-$3,400 area.

Ethereum is trading at $3,488 at press time.

XRP/USD

XRP has followed the rise of ETH and BTC, going up by 3.56%.

On the daily chart, the rate of XRP is testing the $0.6576 level. If the bar closes around current prices, the accumulated energy might be enough for a breakout, followed by a move to the $0.70 zone.

XRP is trading at $0.6540 at press time.

u.today