As of February 3, Bitcoin prices have decreased by 4.21%, Ethereum by 17.32%, and XRP by 17.84%. The article highlights key price levels and trends for each cryptocurrency, suggesting potential sideways trading in the upcoming days based on technical analysis.

The cryptocurrency market has recently experienced a downturn as indicated by CoinMarketCap. Bitcoin (BTC), currently priced at $95,234, has seen a decrease of 4.21% in the past 24 hours. If Bitcoin’s daily bar closes around the current values, it is likely to trade sideways between $92,000 and $96,000 by the week’s end.

In a significant decline, Ethereum (ETH) has dropped by 17.32%, now trading at $2,630. The asset has experienced a false breakout of two critical levels, suggesting that Ethereum could also likely trade sideways in the forthcoming days as it has surpassed most of the Average True Range.

XRP has not been spared from this trend and has fallen by 17.84%, with a current price of $2.4213. The focus for XRP should be on the $1.9669 level; if the closing price deviates significantly from this level, a potential rebound towards the $2.50 mark may occur.

The article provides insights into the current performance of leading cryptocurrencies Bitcoin, Ethereum, and XRP as of February 3. There has been a noticeable decline in their market values, and the article emphasizes the importance of observing specific price levels to predict future movements. The information aims to inform investors about potential price trajectories based on technical analysis.

In summary, the cryptocurrency market is experiencing notable declines, particularly in Bitcoin, Ethereum, and XRP. Each cryptocurrency exhibits specific price movements and potential scenarios for the coming days. Investors are advised to monitor these prices closely to make informed decisions.

Original Source: u.today

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