Crypto experts analyze the price dynamics of BTC, ETH, and XRP

The most famous cryptocurrencies Bitcoin BTC $97,446.64 Bitcoin -3.29% Market capitalization $1.93 trillion VOL. 24 hours $5.28 billion , Ethereum ETH $3,409.43 Bridged Ether (StarkGate) -7.08% Market capitalization $0.3 billion VOL. 24 hours $3.63 billion , and Ripple XRP $2.31 XRP -1.27% Market capitalization $132.36 billion VOL. 24 hours $1.7 billion continue to be in the focus of traders' attention after their recent market behavior.

Thus, the price of bitcoin is in a consolidation phase after reaching a new all-time high of $ 93,265 last week. Since then, it has been trading within the support level of $ 87,000.

At the time of writing, bitcoin’s price reached $ 91,760, its market capitalization is $ 1.82 trillion, and daily sales have stopped at $ 48.31 billion.It is reported that if BTC falls below the $ 87,000 support level, it could lead to further declines to $ 85,000 or even $ 78,800.

The Relative Strength Index (RSI) is at 74, which is above the 70 level, indicating increasing risk.

If BTC can break through the $ 92,625 level and gain a foothold above it, the growth could continue to the psychological level of $ 100,000.

At the same time, ETH’s price is down 8.8% after rebounding from $ 3,454 on Tuesday.

At the time of writing, the ETH rate reached $ 3.116, the market capitalization is $ 375.34 billion, and daily sales stopped at $ 25.04 billion.According to analysts, if ETH closes below $ 3,000, it could lead to a decline to the 200-day exponential average of $ 2,799.

The RSI indicator is at 61 after leaving the overbought zone. If the RSI continues to fall and closes below 50, the price of ETH may decline.

At the same time, Ripple (XRP) broke through the resistance level of $ 0.718 on Thursday, rising by 62.5%. However, on Sunday, it fell by 5.9%, failing to close above $ 1.13.

At the time of writing, the XRP rate reached $ 1.14, the market capitalization is $ 65.06 billion, and daily sales stopped at $ 10.39 billion.It is noted that if the price is fixed above this level, further growth by 21% to the next resistance level of $ 1,372 is possible.

The RSI indicator shows a value of 85, which signals an increasing risk.

If XRP fails to gain a foothold above $ 1.13, it could lead to a decline to the important psychological level of $ 1.00.

As a reminder, the XRP cryptocurrency rate rose by 20% and updated a three-year record high after Ripple CEO Brad Garlinghouse met with newly elected US President Donald Trump.