BTC, ETH and XRP Price Analysis for March 10: Bears are giving no chances to bulls as the rates of all top 10 coins are falling.
BTC, ETH and XRP Price Analysis for March 10
BTC/USD
BTC, ETH and XRP Price Analysis for March 10: Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.
The price of Bitcoin (BTC) has declined by 9.17% over the last 24 hours. Bitcoin is trading at $19,899 at press time.
The rate of Bitcoin (BTC) has declined after the support breakout at $21,454. Thus, the price is below the critical $20,000 mark, which means that the midterm bearish trend has returned. If the situation does not change, the ongoing decrease may last until the test of the next zone is around $18,373.
ETH/USD
BTC, ETH and XRP Price Analysis for March 10: Ethereum is a technology that’s home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It’s open to everyone, wherever you are in the world – all you need is the internet.
Ethereum (ETH) is more of a loser than Bitcoin (BTC), going down by almost 10%. Ethereum is trading at $1,404 at press time.
On the daily chart, the rate of Ethereum (ETH) has almost touched the support level of $1,352. Currently, one should pay attention to the daily closure. If it happens above yesterday’s low, there are chances to see a bounce back to the $1,420-$1,440 zone.
XRP/USD
BTC, ETH and XRP Price Analysis for March 10: Ripple’s digital currency, XRP, acts as a bridge currency to other currencies and does not discriminate between fiat or cryptocurrency, making it easier for currency to be exchanged. Each currency on the ecosystem has its own gateway, allowing users to send payments in one currency, and the recipient of the payment to receive the payment in their preferred currency.
According to Ripple, XRP, and XRPL, blockchains are separate from the company, but Ripple utilizes XRP and XRPL in its solutions.
XRP is the least falling coin from the list today, declining by 7.63% since yesterday. XRP is trading at $0.3672 at press time.
BTC, ETH and XRP Price Analysis for March 10: The rate of XRP has once again made a false breakout of the support at $0.3619, however, the day has not ended yet. If sellers’ pressure continues and the bar closes near the mentioned mark, the drop may last to the $0.35 zone.
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