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01/31 10:28

BTC, ETH and XRP Price Prediction for January 27

BTC, ETH and XRP Price Prediction for January 27

BTC/USD

The rate of Bitcoin (BTC) has declined by 5.35% over the last day.

On the daily chart, the price of BTC has broken the vital level of $100,000. 

If the bar closes below that mark and with no long wick, the correction is likely to continue to the $90,000-$95,000 range by the end of the week.

Bitcoin is trading at $99,114 at press time.

ETH/USD

Ethereum (ETH) has followed the drop of BTC, going down by 7.34% since yesterday.

The price of ETH is testing the support level of $3,028. If it breaks out, the rate of the main altcoin might enter a bearish zone, which may lead to an ongoing downward move to the $2,800-$2,900 area soon.

 Ethereum is trading at $3,069 at press time.

XRP/USD

XRP is the biggest loser today, falling by 9.78%.

From the technical point of view, the price of XRP is already in the bearish zone, breaking the $2.9092 level. If buyers cannot seize the initiative by the end of the day, traders may witness a test of the $2.50-$2.60 zone shortly.

XRP is trading at $2.7954 at press time.

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