Cardano

Bitcoin

Coin

<ul class="news-points"> 
 <li>BTC might rise to $55,000 if bulls can defend the $48,645 support.</li> 
 <li>XRP was overbought, suggesting a retracement to 0.236 Fib level at $0.52.</li> 
 <li>A close below the 9 EMA could pull ADA back to $0.54.</li> 
</ul> 
Since the beginning of the week, prices of several cryptocurrencies like <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> have been soaring. According to CoinMarketCap, BTC’s price was $52,109 at press time. This indicates a 17.83% hike in the last seven days. 
However, it has not just been Bitcoin all along. Altcoin including <a href="https://coinedition.com/tag/ripple-xrp/" target="_blank" rel="noreferrer noopener">Ripple (XRP)</a>, and Cardano (ADA) have also been following this pattern. In particular, XRP’s value jumped by 4.61% in the last 24 hours to hit $0.54. ADA, on the other hand, increased by 4.81% and reached $0.57. 
<h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h2> 
On the 4-hour chart, BTC has broken through the $50,107 key resistance level. In the process, major support had been formed at $48,645. However, the Relative Strength Index (RSI)&nbsp; showed that the coin was overbought, indicating a correction for BTC in the near term. 
Despite the possibility of a retracement, the technical oscillator presents a bullish outlook. Therefore, with the $48,64…
The post <a href="https://coinedition.com/btc-xrp-ada-price-analysis-whats-next-for-the-cryptocurrencies/">BTC, XRP, ADA Price Analysis: What’s Next for the Cryptocurrencies?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

BTC, XRP, ADA Price Analysis: What’s Next for the Cryptocurrencies?

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