BTC, ETH, and XRP Price Analysis for January 8

The market is mainly trading sideways today, according to CoinStats.

BTC/USD

Bitcoin (BTC) is one of the biggest gainers today, rising by 1%.

On the daily chart, one should pay attention to the daily closure of BTC. If that happens with no long wick and above the $44,729 level, there is a high possibility to see a further growth to the $46,000 zone.

Bitcoin is trading at $44,826 at press time.

ETH/USD

Ethereum (ETH) has followed the rise of BTC, going up by 0.58%.

Despite today’s rise, the rate of ETH keeps trading sideways, getting energy for a further move. In this case, an ongoing consultation in the range of $2,250-$2,350 is the more likely scenario for the next few days.

Ethereum is trading at $2,261 at press time.

XRP/USD

XRP is the exception from the rule, falling by 1%.

XRP remains bearish on the daily time frame as the rate has not bounced back far from the support level. Respectively, there is still a chance to see a support breakout soon.

XRP is trading at $0.5631 at press time.

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