Bitcoin and Ethereum Lack Momentum, XRP Tests USD 1

Bitcoin price is stuck in a range above the USD 45,000 support zone. BTC seems to be facing a strong selling interest above USD 46,500. It is currently (05:34 UTC) consolidating near USD 45,000.

Most major altcoins are also correcting gains. ETH spiked above USD 3,250 and it is now consolidating below USD 3,150. XRP outperformed and it surged above the USD 1.0 resistance zone, before correcting lower again.

Total market capitalization

Bitcoin and Ethereum Lack Momentum, XRP Tests USD 1 101Source:

Bitcoin price

In the past two days, bitcoin price made a couple of attempts to gain strength above USD 46,500, but it failed. BTC is now consolidating gains below the USD 46,000 zone. The major support is near USD 45,000, below which there is a risk of a larger downside correction.
On the upside, the first key resistance is near the USD 46,500 level. A close above USD 46,500 may possibly increase the chances of a stronger rally.

Ethereum price

Ethereum price recently broke the USD 3,250 resistance. ETH tested the USD 3,275 zone before it corrected below USD 3,150. It is now trading in a range, with a major resistance near USD 3,265. The next major resistance sits near USD 3,350.
The next major support is near the USD 3,110 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is holding gains above the USD 1.75 resistance. It is up over 4% and it is trading around the USD 1.80 level. An immediate resistance is near the USD 1.90 level. The main resistance for upside continuation is now near the USD 2.00 level. On the downside, the bulls might remain active near USD 1.75 and USD 1.70.
Litecoin (LTC) gained traction above the USD 170 resistance. It even tested the USD 180 resistance and is currently consolidating gains. On the downside, the price might find support near the USD 172 and USD 170 levels. The main target for the bulls this week could be USD 200.
Dogecoin (DOGE) started a steady increase above the USD 0.250 and USD 0.265 resistance levels. It is now correcting gains below USD 0.280. If it resumes its upward move, any more gains may perhaps push the price towards the USD 0.335 resistance.
XRP price started a strong rally above the USD 0.850 resistance. XRP surged almost 14% and it even surpassed the USD 1.0 resistance zone. If there is a downside correction, the bulls might remain active near USD 0.920 and USD 0.880.

Other altcoins market today

Many altcoins gained over 10%, including IOTX, BTT, XDC, MATIC, HOT, TRX, TEL, KLAY, YFI, TFUEL, FTM, MIOTA, and WAVES. Out of these, BTT rallied 17% and MATIC climbed 12%.

Overall, bitcoin price is stuck in a range above the USD 45,000 support zone. To continue higher, BTC must clear the USD 46,500 and USD 47,200 resistance levels in the near term.

Find the best price to buy/sell cryptocurrency:


Updated: 08/12/2021 — 02:00