BTC, ETH, and XRP Price Analysis for February 23
U.Today -

The crypto market seems unlikely to recover so fast as all of the top 10 coins are under bearish pressure. Bitcoin Cash (BCH) is the top loser, falling by 26%.

Top 10 coins by CoinMarketCap

The important statistics for Bitcoin (BTC), Ethereum (ETH) and XRP:



Market Cap


Volume (24h)

Change (24h)



$893,083,924,525 $46,697.63 $107,532,823,060 -14.47%



$171,252,593,641 $1,429.13 $51,018,806,250 -21.45%



$20,510,824,029 $0.4387 $17,152,428,892 -21.41%

Yesterday morning, the Bitcoin (BTC) price rolled back to the support of the two-hour EMA55 (around $54.000). During the day, the pressure of the bears increased. They pushed the moving average and pulled the pair back to the uptrend line ($52,500).

BTC/USD chart by TradingView

Another bearish impulse knocked the pair out of the ascending channel and tested the support at $45,000. The BTC price bounced above the trend line, but the pair could not hold out in the upward channel until morning. If bulls hold the $45,000 level, there are chances of seeing a short-term rise to $50,000.

Bitcoin is trading at $46,590 at press time.


The onslaught of sellers intensified yesterday morning, and during the day, they pulled the pair back below the support of $1,800. In the afternoon, the Ethereum (ETH) price pierced the trendline, setting a minimum of around $1,540.

Before the end of the day, the price bounced into an ascending channel, but it has not yet been able to gain a foothold in it.

ETH/USD chart by TradingView

As of this morning, the volume of sales has decreased. But even at low trading volumes, the pair may go down to the support around $1,300. One believes that this level will stop the decline and allow the pair to consolidate sideways.

Ethereum is trading at $1,472 at press time.


Yesterday morning, strong bullish momentum tried to restore the XRP/USD pair to the upward channel. The price broke through the resistance of $0.60 and set a new February high at $0.649.

XRP/USD chart by TradingView

XRP looks more bullish than Bitcoin (BTC) and Ethereum (ETH) in the short-term scenario. The selling trading volume is high, which means that most bears may have already closed their positions. In this case, there is a chance for a bounce-off to the vital mark at $0.50.

XRP is trading at $0.44 at press time.

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