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BTC, ETH and XRP Price Analysis for January 27

Local growth continues on the cryptocurrency market, according to CoinStats.Top coins by CoinStats

BTCUSD

The rate of Bitcoin BTCUSD has increased by almost 1% over the last 24 hours.Image by TradingView

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.

ETHUSD

Ethereum ETHUSD has gained less than BTC, going up by 0.79%.Image by TradingView

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.

XRPUSD

XRP has gained the most value today, rising by almost 2%.Image by TradingView

From the technical point of view, XRP is trading similarly to Ethereum ETHUSD. 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.


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