"The crypto market is very volatile, so you have to be careful."
The price of cryptocurrency king Bitcoin (BTC) yesterday managed to break through $35,000 after hovering below $30,000 for a long time, but the digital asset which is currently slightly down was trading at $33,838.
The next resistance zone for BTC is at $36,294 and if the spot BTC ETF is officially approved, the price could see a massive rally where it could climb up to $40,000.
But it should be noted that BTC is also able to re-touch the support zone of $31,777 or $30,616 and the decline means that the price can continue to decrease by 15% at $25,941.
Meanwhile, the second largest crypto Ethereum (ETH) was found to be gradually gaining momentum when its price crossed over $1,800 from $1,545 on October 19 last week.
The streak, ETH which is currently at $1,797 needs to stay above $1,727 to continue its upward trend at $1,910 then at $2,030, but if it fails then the price could see a dive to $1,551.
Meanwhile, Ripple (XRP) currently seems to be at $0.55 just after successfully reaching its strong resistance zone of $0.58 on October 24, 2023 which is the high it touched on July 13, 2023.
Investors need to be careful as XRP may retest the level of $0.54, however the price of the digital asset is able to extend its rise up to $0.66 which is a 22% gain if it can break through the mentioned level.
On the other hand, XRP can signal that the bullish momentum is not strong enough if the price trades below $0.54, therefore the digital asset is expected to fall back to find the $0.50 or $0.46 support zone.
