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BTC, XRP and ADA Price Analysis for March 29

Analytics

u.today 29 March 2022 17:26, UTC
  
Reading time: ~2 m

Bulls keep the pressure as most of the coins remain in the green zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has continued its growth, rising by 0.70% since yesterday.

BTC/USD chart by TradingView

After the false breakout of the $48,000 mark, bulls are not abandoning attempts to fix above it once again. Such a statement is also confirmed by increased buying trading volume.

If the daily candle fixes above the $48,000 mark, the vital mark of $50,000 can already be achieved this week. In another case, bears may seize the initiative and return the rate below $47,000 shortly.

Bitcoin is trading at $47,629 at press time.

XRP/USD

The price of XRP has gone up by 1% over the past 24 hours.

XRP/USD chart by TradingView

From the technical point of view, XRP is trading similar to Bitcoin (BTC) as its rate is coming back to the mark of $0.90—which bulls could not attain yesterday.

If they can get to this level today, there is a chance to see the breakout of the blue line within the next few days.

XRP is trading at $0.8811 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today as the altcoin has risen by 2.16%.

ADA/USD chart by Trading View

Cardano (ADA) is almost trading above yesterday's peak at $1.246. However, one needs to pay close attention to the resistance level at $1.263. In case of a false breakout, the rate may come back to the support at $1.190 in the first few days of April.

ADA is trading at $1.234 at press time.


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