Cryptocurrencies: Current Market Analysis

🟩 Last week, the cryptocurrency market showed mixed results. The prices of Bitcoin, Ethereum, and XRP fluctuated under the influence of both bearish and bullish trends.

🟩 Bitcoin has risen by 14% over the past three days and is trading at $60,566. However, for a full recovery, it needs to break through the $67,100 level. Losing support at $60,000 could lead to a drop to $58,236.

🟩 Ethereum suffered significantly during the recent correction, losing nearly 30% in just nine days. At the time of writing, ETH is trading at $2,634 and is attempting to close above the $2,681 resistance. If the altcoin surpasses the $2,930 level, it could start a rally. Otherwise, consolidation between $2,930 and $2,681 is likely.

🟩 XRP showed the strongest growth among the three coins, gaining nearly 16% over the week. To continue its upward movement, the token needs to secure the 38.2% Fibonacci level at $0.58 as support.