Crypto Market Update: Ethereum (ETH), Bitcoin (BTC) and XRP
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Crypto Market Update: Ethereum (ETH), Bitcoin (BTC) and XRP

December 28, 2020      Jafrin Ahmed

In the past few days, Bitcoin (BTC) price has been on a continual rally. Earlier today, the price of the cryptocurrency soared high above $28,000 before correcting lower. Ethereum (ETH) too had a positive performance while breaking the $680 and $700 resistance levels. Meanwhile, XRP is still struggling for a positive performance and currently trading below the $0.300 level.

Crypto Market Update: Bitcoin (BTC) and Ethereum (ETH) Price

Bitcoin has gained bullish momentum above $27,500 and $28,000 after clearing the $27,000 level. Bitcoin’s price has traded to a record-breaking all-time high above $28,300 before retreating to a downwards correction. The price of the cryptocurrency spiked below $27,000 and tested for $26,000 support.

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The cryptocurrency is currently trading above $26,800. If the bullish momentum continues, there are chances of a steady rise above the $27,400 and $27,500 levels. The next major resistance for Bitcoin sits near the $28,000 level.

Ethereum (ETH) too had a positive performance while rallying over 10% to clear the $680 and $700 resistance levels. The cryptocurrency did test the $720 zone and is currently consolidating gains. There seems to be an immediate resistance near the $720.

The upwards movement of the cryptocurrency could lead towards the $735 and $750 levels. An initial support on the downside is near the $688 level while major support sits near the $680 level.

Crypto Market Update: XRP and Altcoins

Meanwhile, the price of XRP has failed to stay above $0.320 and $0.300 support levels. The controversial altcoin is now trading below the $0.300 level with an approaching $0.280 level.

Further price loss could lead the price towards the $0.275 and $0.274 support levels. While, in the event of an extended rally, XRP’s price could test resistance at $0.32. The second major resistance sits at $0.3326.

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Major altcoins are struggling to gain bullish momentum, including Litecoin, DOT, ADA, and XMR. Meanwhile, over the past few hours, a few altcoins seemed to have gained over 5%, including LINK, RUNE, DCR, UNI, ZEN, OCEAN, and KSM. Above all, LINK rallied almost 10% while breaking the $12.20 resistance.

#Altcoin #Bitcoin #BTC #Crypto Market #Cryptocurrency price #ETH #Ethereum #XRP
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.