BTC, ETH and XRP Price Analysis for December 31

Bulls have turned out to be more powerful than bears on the last day of the week, according to CoinStats.

BTC/USD

The rate of Bitcoin (BTC) has increased by 1.35% since yesterday. Over the last week, the price has fallen by 2.69%.

On the daily time frame, BTC is trading sideways, accumulating energy for a further move. In this case, any ups or downs are unlikely to happen soon.

All in all, consolidation between $42,000 and $43,000 is the more likely scenario for next week.

Bitcoin is trading at $42,571 at press time.

ETH/USD

The price of Ethereum (ETH) has grown by 0.73% over the past 24 hours.

Ethereum (ETH) looks more bullish than Bitcoin (BTC) on the daily chart. If the growth continues to $2,350 and fixes above it, the long accumulation might be enough for a resistance breakout, followed by a move to the $2,500 zone.

Ethereum is trading at $2,314 at press time.

XRP/USD

The rate of XRP has gone up by 0.33% since yesterday.

The price of XRP keeps trading sideways for a few days in a row. The falling volume confirms that any sharp moves are unlikely to happen soon. In this regard, ongoing consolidation in the range of $0.61-$0.64 is the more likely scenario.

XRP is trading at $0.6237 at press time.

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