BTC, ETH and XRP Price Analysis for January 27
Local growth continues on the cryptocurrency market, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has increased by almost 1% over the last 24 hours.
On the daily chart, the price of BTC is on the way to test the zone of $42,000. If the bar closes near it, the accumulated energy might be enough for a blast to the $43,000 area next week.
Bitcoin is trading at $41,790 at press time.
ETH/USD
Ethereum (ETH) has gained less than BTC, going up by 0.79%.
The rate of ETH is trading sideways as the price is far from the key levels. In this case, ongoing consolidation in the area of $2,200-$2,300 is the more likely scenario for the upcoming week.
Ethereum is trading at $2,272 at press time.
XRP/USD
XRP has gained the most value today, rising by almost 2%.
From the technical point of view, XRP is trading similarly to Ethereum (ETH). As neither side has seized the initiative yet, traders should expect sideways trading between $0.53 and $0.55 soon.
XRP is trading at $0.5305 at press time.
