BTC, ETH and XRP Price Prediction for May 6.
BTC/USD.
The rate of Bitcoin (BTC) has fallen by 0.34% over the last 24 hours.
Today's drop has not much affected the overall technical position of BTC on the daily chart. Such a statement is also confirmed by a falling volume. In this case, ongoing sideways trading in the narrow range of $63,000-$65,000 is the more likely scenario for the next few days.
Bitcoin is trading at $63,857 at press time.
ETH/USD.
Ethereum (ETH) has followed the decline of
BTC, going down by 0.90%.
On the daily time frame, the price of Ethereum (ETH) is trading similarly to BTC. At the moment, one should focus on the bar's closure in terms of the zone of $3,100. If it breaks out, the correction may lead to the test of $3,000.
Ethereum is trading at $3,115 at press time.
XRP/USD.
Unlike other coins, the rate of XRP has gone up by 0.50%.
Despite today's slight rise, the price of XRP has not accumulated enough energy to grow. The rate has once again failed to fix above the interim zone of $0.54.
If buyers cannot seize the initiative shortly, there is a chance to see a further decline to $0.52.
XRP is trading at $0.5318 at press time.