BTC, ETH and XRP Price Prediction for October 7

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A new week has started positively for most of the coins, according to CoinMarketCap.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has increased by 1.55% over the last 24 hours.

Image by TradingView

On the daily chart, the price of BTC is rising after yesterday's bullish closure. However, if today's candle closes far from its peak, the further upward move might be postponed due to a lack of buyers' energy.

Bitcoin is trading at $62,952 at press time.

ETH/USD

Ethereum (ETH) has followed the growth of BTC, rising by 1.81%.

Image by TradingView

The price of ETH has made a false breakout of the resistance of $2,499. If buyers cannot seize the initiative by the end of the day, one can expect a correction to the $2,400-$2,450 range.

Ethereum is trading at $2,470 at press time.

XRP/USD

XRP is not an exception to the rule, going up by almost 1%.

Image by TradingView

From the technical point of view, the rate of XRP is trading similarly to ETH. Its price has bounced off the resistance level of $0.5445. 

Until it is below that mark, traders may witness a drop to the $0.53 zone by the end of the week.

XRP is trading at $0.5369 at press time.