BTC, ETH and XRP Prediction for September 9

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As a seasoned analyst with years of market experience under my belt, I must say that this new week’s market bounce back, especially for Bitcoin and Ethereum, is a promising start. However, as a wise old trader once told me, “The markets can dance but they never change their tune,” and in this case, the price of BTC is showing signs of closing far from its peak. This might indicate a potential sideways trading in the area of $54,000-$57,000, at least for the short term.

A new week has started with a continued market bounce back, according to CoinMarkeCap.

BTC, ETH and XRP Prediction for September 9

BTC/USD

The rate of Bitcoin (BTC) has risen by 2.24% over the past day.

BTC, ETH and XRP Prediction for September 9

Although Bitcoin’s price has climbed today, it’s unlikely to reach its previous high, which suggests a potential stagnation in further increases.

In this case, sideways trading in the area of $54,000-$57,000 is the most likely scenario.

Bitcoin is trading at $55,278 at press time.

ETH/USD

Ethereum (ETH) is less of a gainer than BTC, going up by 0.89% since yesterday.

BTC, ETH and XRP Prediction for September 9

Looking at the technical aspects, the Ethereum price seems to be trending downward. If today’s trading session ends significantly away from its highest point, it could lead traders to encounter a potential dip towards the $2,200 level in the near future.

Ethereum is trading at $2,291 at press time.

XRP/USD

The rate of XRP has risen by 1.08% over the past 24 hours.

BTC, ETH and XRP Prediction for September 9

As a crypto investor, I see today’s minor upward trend hasn’t significantly altered the technical outlook for my coin on the graph. The trading volume continues to be relatively low, suggesting that we’re likely to keep consolidating within the range of $0.51 to $0.54 in the near future.

XRP is trading at $0.5285 at press time.

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2024-09-09 19:07