The new week has begun with a fresh market correction, with all top 10 coins in the red zone.
BTC/USD
Bitcoin (BTC) price has dropped by almost 2% since yesterday.
The main cryptocurrency has fixed below the green line of support at $41.967, which means that the bears are in control of the situation at the moment. The strength of the sellers is also confirmed by the increased trading volume.
If this pressure continues and BTC drops below the key $40,000 mark, there will be a shift in price around $35,000 in the short term.
Bitcoin is trading at $40,745 at press time.
ETH / USD
Ethereum (ETH) is the biggest lagging coin on the list, down 2.92%.
Despite the drop, Ethereum (ETH) made a false breakout of the support at $2,897. Until the rate is above it, the bulls have the opportunity to seize the opportunity and attempt to restore the uptrend.
However, if the daily candle fixes below the psychological $3,000 mark, a sharp drop to $2,410 is likely in the coming weeks.
Ethereum is trading at $3,008 at press time.
XRP / USD
XRP also followed the decline of BTC and ETH, losing 2.61% market share in the past 24 hours.
That said, sideways trading remains a more likely scenario in the coming days as the price is in a wide range between the $0.652 support and $1.01 resistance. , the drop could lead XRP soon to the $0.50 level.
XRP is trading at $0.7278 at press time.
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