Price Analysis

Bitcoin Cash (BCH) Reflect Moderate Movement, Ethereum (ETH) & Ripple (XRP) Suffer From Heavy Loss

Ethereum (ETH/USD) Price Analysis:

Ethereum is the second-largest coin in the world. The coin opened with a downtrend. The coin recently experienced a heavy pullback in price due to the market pressure. The currency was trying to improve, but once again, the coin fell. Let’s have a look at the week-long chart.

ETH Price Chart
ETH Price Chart

Looking at the above ETH price chart, the coin started the week with a downtrend. On 10th August, the coin changed places from $214.5 to $206.7 by 3.23%. On 11th August, the coin jumped from $206.77 to $216.51. On 12th August, the coin slipped from $216 to $211 by 2.34%. The downtrend continued from $211 to $209 by 0.90% on 13th August. On 14th August, the coin slipped from $209 to $187 by 10.35%. Yesterday, the coin maintained a subtle trend and kept around $188. Today, the coin again opened with a downtrend. The coin is presently dealing around $183.

The coin is expected to rise in the coming time. The traders are recommended to hold their investment for some time until the upsurge embarks in the market.

 Ripple (XRP/USD) Price Analysis:

XRP Price Chart
XRP Price Chart

Ripple (XRP) is the third-largest coin in the market. The coin has great potential, and the same has been witnessed in the last couple of weeks. The coin experienced a heavy drop this week. The coin started dealing around $0.297. The coin escalated to $299 by 0.91% on 10th August. On 11th August, the coin jumped from $299 to $303 by 1.27%. The coin started moving down from 12th August. The price counters changed from $0.303 to $0.300 by 0.72%. On 13th August, the coin slipped from $0.300 to $0.298 by 1.62%. The coin kept falling from $0.298 to $0.261 by 12.40%. Yesterday, the coin jumped from $0.261 to $0.265 by 1.52%.

Ripple (XRP) needs some time to come out of the market drop. The traders should keep faith in the coin and hold the investment for some time.

Bitcoin Cash (BCH/USD) Price Analysis:

Bitcoin Cash (BCH) is the fourth largest coin in the crypto market. The market cap stands around USD 5,495,156,187 at 6:42 UTC. The currency has suffered in the latest fall but holds great potential. We are quite positive about the future upsurge.

BCH Price Chart
BCH Price Chart

Looking at the BCH price chart, the coin is reflecting moderate movement in the coin. Starting from 10th August, the coin escalated from $320 and went up to $337 by 5.23%. On 11th August, the coin slipped from $337 to $328 by 2.51%. The coin again climbed on 13th August from $328 to $347 by 5.93%. On 14th August, the price slipped from $347.9 to $314 by 9.67%. Yesterday, the coin experienced a pull-back but closed near the opening price. Today, the coin is currently dealing at $310.

Bitcoin Cash (BCH) is recommended for the long term traders. The given period would help the traders to earn colossal profit from the investment.

Tags

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
Back to top button
Close