BTC, ETH and XRP Price Analysis for January 25

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Denys Ser­hi­ichuk

Which top coins can remain in green zone against bears’ pressure?

The cor­rec­tion con­tin­ues on the cryp­tocur­ren­cy mar­ket as most of the coins are in the red zone.

Top 10 coins by CoinMarketCap

BTC/USD

Bit­coin (BTC) is one of the least falling coins, going down by 1.10%.

BTC/USD chart by TradingView

On the dai­ly chart, the price of Bit­coin (BTC) has once again test­ed the sup­port lev­el at $22,442. How­ev­er, if a bounce back to the mid­dle of the chan­nel does not hap­pen, there is a chance to see a break­out, fol­lowed by the decline to the $22,000 zone and below.

Bit­coin is trad­ing at $22,592 at press time.

ETH/USD

Ethereum (ETH) is more of a los­er than Bit­coin (BTC), declin­ing by almost 4%.

ETH/USD chart by TradingView

Ethereum (ETH) is trad­ing sim­i­lar­ly to Bit­coin (BTC) as its rate has also made a false break­out of the sup­port at $1,516. Bulls can seize the ini­tia­tive only if they restore the price above the $1,600 zone. In anoth­er case, the bears’ pres­sure will remain relevant.

Ethereum is trad­ing at $1,554 at press time.

XRP/USD

XRP is not an excep­tion to the rule, decreas­ing by 3.32%.

XRP/USD chart by TradingView

On the dai­ly time frame, the rate of XRP has made a false break­out of the sup­port at $0.3974, which means that the lev­el plays a key role for bulls. If they lose it, the ener­gy will be enough for a cor­rec­tion to the $0.39 zone.

XRP is trad­ing at $0.4051 at press time.

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