Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) Price Analysis: Can the Giants Sustain the Rally?

Significant levels in #Bitcoin, #Ethereum and #Ripple price.

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The crypto money market has carried its value over $ 2 trillion as the leading cryptocurrency Bitcoin gained upward momentum. Following the leader, the largest altcoin Ethereum climbed to the $3,200 band, while one of the most popular cryptocurrencies, XRP , increased by over 55% in a week, touching $1.30. The giants of the market are trading at critical levels to continue the rally. Will the rally continue or are cryptocurrencies on the verge of a major correction?

📌Bitcoin (BTC)
The leading cryptocurrency Bitcoin has been on the rise with a spectacular performance since August 5th. The BTC price, which broke the $ 43,000 barrier, moved to the $ 45,000 band. Bitcoin price, which saw a sudden rise to $ 48,000 in the continuation of the upward trend, is currently trading at the price levels of $ 46,000. While BTC has been moving between $ 47,000 and $ 45,000 for about 3 days, experts are waiting for important initiatives and exits in the continuation of this horizontal movement.

A resistance point of $49,024 appears in front of the leading cryptocurrency. Then, $50,958 is considered as the key zone in the continued upward movement. Capturing these levels can trigger #FOMO and contribute to the uptrend.

📌Ethereum (ETH)
The largest altcoin #Ethereum continues its struggle and rise. The possibility of a pullback should be considered as ETH tests the $3,200-$3,559 price band. A retest of the psychological level of $3,000 could trigger new buying pressure, which triggers the rise. The resistance levels that #ETH traders should watch out for can be noted at $3,559, $3,756 and finally $4,071.

Things could change if ETH price dips below the $3,200 to $3,559 band. In this case, the route could reverse and the $3,000 level could be lost. On behalf of ETH, the critical region in the downside movement is the psychological level of $3,000. Loss of this place can lead to huge losses.

📌Ripple (XRP)
#Ripple has achieved a significant performance, increasing by 55% since last week. XRP stood out with a remarkable rally , surpassing $1.30. XRP price is trading at $1.20 as of the writing of this article. On the downside price action of XRP, there is immediate support at $1.09. Investors can re-attack at the $1.09 levels and set the route as the $1.70 target.

📢On the other hand, there is the critical support level of $0.96 in the downtrend. Losing these levels could bring the price down to $0.77.