BTC, ETH, and XRP have all experienced positive price movements on October 7, according to CoinMarketCap.
Bitcoin (BTC) has seen a 1.55% increase in price over the last 24 hours. On the daily chart, BTC’s price is rising after a bullish closure yesterday. However, if today’s candle closes far from its peak, the further upward movement may be delayed due to a lack of buyers’ energy. BTC is currently trading at $62,952.
Ethereum (ETH) has also followed the growth of BTC, rising by 1.81%. The price of ETH broke out of the resistance at $2,499, but it was a false breakout. If buyers fail to take control by the end of the day, a correction to the $2,400-$2,450 range may be expected. ETH is currently trading at $2,470.
XRP has also shown an upward movement of almost 1%. From a technical perspective, XRP’s rate is trading similarly to ETH. It has bounced off the resistance level at $0.5445. As long as it remains below that mark, traders may witness a drop to the $0.53 zone by the end of the week. XRP is currently trading at $0.5369.
Please note that cryptocurrency prices are highly volatile and subject to change. These predictions are based on the information available at the time of writing and should not be taken as financial advice.