BTC, ETH and XRP Price Analysis for January 27
Local growth continues on the cryptocurrency market, according to CoinStats.Top coins by CoinStats
The rate of Bitcoin BTCUSD has increased by almost 1% over the last 24 hours.Image by TradingView
On the daily chart, the price of BTC is on the way to test the zone of $42,000. If the bar closes near it, the accumulated energy might be enough for a blast to the $43,000 area next week.
Bitcoin is trading at $41,790 at press time.
Ethereum ETHUSD has gained less than BTC, going up by 0.79%.Image by TradingView
The rate of ETH is trading sideways as the price is far from the key levels. In this case, ongoing consolidation in the area of $2,200-$2,300 is the more likely scenario for the upcoming week.
Ethereum is trading at $2,272 at press time.
XRP has gained the most value today, rising by almost 2%.Image by TradingView
From the technical point of view, XRP is trading similarly to Ethereum ETHUSD. As neither side has seized the initiative yet, traders should expect sideways trading between $0.53 and $0.55 soon.
XRP is trading at $0.5305 at press time.