Ethereum

Bitcoin

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<p>Most of the coins keep updating new local lows, according to <a href="https://u.today/ada-and-bnb-prediction-for-august-5" rel="noopener noreferrer nofollow">CoinStats</a>.</p> <img data-entity-type="file" data-entity-uuid="422479db-f538-4950-a56a-edd80dd450a1" src="https://u.today/sites/default/files/inline-images/top10_1278.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
<p class="text-align-justify">The rate of Bitcoin (BTC) has dropped by almost 10% since yesterday.</p> <img data-entity-type="file" data-entity-uuid="ca522818-98be-42ef-a2f6-01fcd3ceda28" src="https://u.today/sites/default/files/inline-images/btc_585.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
<p>On the daily chart, the price of BTC has made a false breakout of the support level of $53,550. If the candle closes far from this mark, traders may witness a local bounce back to the $56,000 zone soon.</p>
<p>Bitcoin is trading at $54,291 at press time.</p>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
<p class="text-align-justify">Ethereum (ETH) is more of a loser than BTC, falling by 15.97%.</p> <img data-entity-type="file" data-entity-uuid="d4caf799-05b3-48b8-808b-811e77d3e9b2" src="https://u.today/sites/default/files/inline-images/eth_405.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
<p>From the technical point of view, the price of ETH has bounced off the support level of $2,132.&nbsp;</p>
<p>Even though it is early to think about a reversal, if the bar closes far from that mark, bulls may locally seize the initiative, which may soon lead to a test of the $2,600-$2,800 range.</p>
<p>Ethereum is trading at $2,401 at press time.</p>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
<p class="text-align-justify">XRP is not an exception to the rule, declining by 8.88%.</p> <img data-entity-type="file" data-entity-uuid="d8d1da05-f0f8-4206-9b1b-480bcb388b82" src="https://u.today/sites/default/files/inline-images/xrp_391.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
<p>On the daily time frame, the rate of XRP has tested the $0.45 zone. At the moment, one should focus on the vital area of $0.50. Until the price is below it, bears remain more powerful than bulls. In this case, the fall might continue to the $0.40 mark.</p>
<p>XRP is trading at $0.4794 at press time.</p>

BTC, ETH and XRP Prediction for August 5

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