CandleFocus BTC, ETH and XRP Price Prediction for December 2
2024-12-02
Author: Content Editor
The cryptocurrency market starts the week with a neutral mood, according to CoinMarketCap. Bitcoin (BTC) has experienced a nearly 2% drop in the past 24 hours after a false breakout of the $99,100 resistance. Traders should pay attention to the $95,000 interim level, as if the price closes near or below it, a correction towards the $90,000-$92,000 range is likely. Bitcoin is currently trading at $95,467. Ethereum (ETH) has also followed BTC's decline, falling by 2.38%. If the selling pressure continues and the price closes around current levels, there is a possibility of testing the $3,500 range by the end of the week. Ethereum is currently trading at $3,610. On the other hand, XRP has seen a significant increase of 23.38%, but traders should monitor the daily bar's closure relative to yesterday's candle peak. A close below that mark may lead to bearish momentum and a drop to the $2-$2.20 range. XRP is currently trading at $2.3706.
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