Ethereum
BTC, ETH and XRP price forecast for May 13
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Buyers are trying to take the initiative at the start of the week, according to CoinStats.
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BTC/USD
The price of Bitcoin (BTC) increased by 2.68% over the past day.
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On the daily time frame, the BTC rate is about to close in the bullish zone. However, it is too early to consider a reversal, as buyers have not yet accumulated enough energy. In this case, sideways trading in a tight range of $62,000 to $64,000 is the most likely scenario for the coming days.
Bitcoin is trading at $62,845 at press time.
ETH/USD
Ethereum (ETH) followed BTC’s rise, up 0.87%.
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On the daily chart, the price of the leading altcoin has not bounced far from the support level, meaning there is still a chance to see a decline. Buyers might start thinking about a possible reversal only if the vital price breaks $3,000 area arrived.
Ethereum is trading at $2,951 at press time.
XRP/USD
XRP is no exception, up 0.64%.
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From a technical point of view, XRP has chances for continued growth. Such a scenario can occur if the daily candle closes near or above the $0.51 area. In this case, an upward move could soon lead to the test of $0.52.
XRP is trading at $0.5074 at press time.
About the Author
Denys Serhiichuk
With over 5 years of experience in trading, Denys has in-depth knowledge of technical and fundamental market analysis. He mainly started his blog on TradingView, where he posts all the relevant information and makes predictions about major coins.
Thus, his experience is enhanced by his work in leading blockchain-related companies such as W12, Platinum Listing, ATB Coin and others, which can be contacted at denys.serhiichuk@u.today.