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Bitcoin, Ethereum, and XRP: Latest Crypto Market Updates in 2023

Stay updated on the latest crypto market trends in 2023 for famous crypto coin prices with our comprehensive analysis of the crypto market in this article. 
Picture of the author of the blog M.J. Kelly.


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This article provides updates on the current crypto market prices in 2023 and the potential for growth of the cryptocurrency’s values in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana. We analyze vital indicators and give insights into the predicted prices these cryptocurrencies might achieve if following the same trend in the near future. We also mention that the cryptocurrency market is feeding off the rise in stock indices but growing ahead of the curve, where Bitcoin has started a new bull market and now aims for $24.8K, and Ethereum aims for $2,000. Ripple has seen a 20% increase over the course of seven days and is now in a period of stabilization.


The value of Bitcoin (BTC) in the cryptocurrency market fluctuates.

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At the start of the week, Bitcoin was priced at $20,850, signifying a cessation after seven straight days of gains. The decentralized digital asset is heading toward the 200-week Exponential Moving Average (EMA) of $24,490. If this milestone is breached, it will represent a gain of 20% from the current BTC price.

On Wednesday, January 19, Bitcoin traded at the crypto market value of $20,750 as a period of profit-making steadied the buying frenzy that had been observed during the entirety of the month. To sum up, over the course of the past three weeks, the decentralized virtual currency has appreciated an increase in cryptocurrency worth 25%.

On Thursday, Bitcoin price kept the cynics at bay as the upturn rally which initiated at the start of January demonstrated its first indications of perseverance. On Friday, 20th January, the peer-to-peer digital currency rate soared by 5%, surpassing December’s peak at $21,480. As the rate soars, traders have no other choice but to surf with the trend and ponder where they will take out their profits in due course.

Towards the end of last week, Bitcoin price auctioned at a cryptocurrency value of $22,487. The recent growth was accelerated after a short pause at the psychological $20,000 mark. The 8-day exponential mean increased sharply and provided the necessary support to drive the ongoing development.

CoinMarketCap reported that Bitcoin experienced an increase of 7.7% in the course of one week, now trading at approximately $22.7K as of Monday morning. Additionally, the total value of digital currencies rose by 5.1%, reaching a market capitalization of $1.045 trillion. The bitcoin rally pulled up the entire cryptocurrency market.  Investment in BTC expanded after US stock markets moved up late Friday afternoon.

Like in the good old days, the crypto market is feeding off the rise in crypto stock price indices but growing ahead of the curve. Moreover, at the expense of reduced liquidity, the crypto price surpassed $23K for the first time since August last year. Bitcoin has sparked a fresh uptrend and is set to hit $24.8K, with the 200-week moving average and 161.8% Fibonacci level of the drive from December bottoms converging in that area. The 50-week moving average is likewise pointing upwards.


Ethereum crypto stock price changed?

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Ethereum crypto stock price opened the week by auctioning at $1540. The critical area for the decentralized smart-contract token to conquer was November’s high at $1,680 and potentially the September top at $1,789. The bullish scenario creates space for up to a 17% rise from ETH’s current cryptocurrency price. Unlike Bitcoin, Ethereum cryptocurrency value has already breached the 200-week EMA and expecting the retest of the indicator is likely to happen.

On Wednesday, the Ethereum crypto price auctioned at $1,526. Similar to BTC, the Relative Strength Index for the major altcoin has stayed up high after surpassing overbought levels and is now attempting to break through earlier support points. The decentralized smart-contract token witnessed its first engagement with the 8-day exponential moving average (EMA) post-rally.

Toward the end of the week, Ethereum’s crypto price aims for $2,000. Ethereum ended the week at a value of $1,651, with buyers causing the price to rise 6% in tandem with Bitcoin’s surge. The Ethereum price has two more liquidity levels in its’ trajectory to challenge before ultimately re-acquainting with the psychological $2,000 level.

The first optimistic goal area is the peak of September 12 at $1,789. Subsequently, the following aim would be a breached assistance region at $1,850. The abovementioned level lost support during the last week of August and is yet to be retested. The optimistic outlook makes way for a 10% increase from the current Ethereum cost.

Now that the Ethereum cryptocurrency market value is moving higher, invalidation of the uptrend could be placed at the $1,350 pivot point. If the level is marked, speculators may anticipate a further decrease in prices, finally testing the rising trend line near $1,280. The pattern has been essential during the beginning of the present surge in prices since it gave backing many times during autumn and winter.


Ripple’s (XRP) current cryptocurrency value showing interest for buyers?

When the market opened last week, XRP crypto stock price had already risen by 20% in seven days after briefly tagging the $0.40 barrier. The upsurge allowed bulls to create a classic morning star candle pattern on the weekly chart, with corroboration. XRP price auctioned at around $0.38 on Monday, January 16, as markets showed their first consolidation post-rally. 

On January 19, Ripple’s crypto price lingered near the $0.40 zone. Following the 27% hike in the month, the digital remittance token has gone into consolidation mode, darting back and forth between $0.39 and $0.40. On January 18, the bulls stumbled, resulting in a crash to the $0.38 level.

On Wednesday, the selling of the XRP crypto price happened at $0.383. Although the fluctuations have been minuscule in percentage swings, the technicals suggest that the bulls in the market may be due to a challenge of lower support zones. The bears have pierced the 8-day EMA for the third time this week. 

As the weekend commenced, XRP’s cost escaped a 5-day period of stagnation in an upward direction, indicating a possible surge toward the mid-$0.40 range. On January 20, buyers demonstrated that the advance that began at the start of the month had a good chance of prolonging, causing a 5% rise within 24 hours.

XRP price auctioned at $0.41. This is a subtle gesture of “rights-to-passage,” which means the Rpleip price could rally to the 61.8% level at $0.427. A destroyed backing area is situated at $0.44, which has not been tried since the bears broke through the obstacle in November. An entry into the liquidity region would cause a 10% rise in the present XRP value.


Recent Progress in the Value of Cardano (ADA) Cryptocurrency

Cardano’s cryptocurrency value has experienced a notable resurgence, resulting in an impressive surge over the past fourteen days or more. Between December 30th and January 14th of 2022, Cardano’s crypto worth increased by 54%. While this is an encouraging sign, it still needs to surpass the $0.403 threshold that has posed a barrier in the past.

On Wednesday, January 18th, Cardano’s crypto share costs have been enhancing in a very specialized exchange since the start of 2021. Investigating the day-by-day presentation diagram will uncover that ADA has been coming down to inspect help before the rally proceeded each time since the initial exchanging days of January.

Cardano’s crypto coin price saw its most important red day this year as the intelligent contract token fell 7% on January 18. Following three days of stabilizing near the $0.35 area, a downturn occurred. The 8-day exponential moving average, which offered backing while there was a 3-day contest, eventually yielded and has now acted as a barrier on shorter time frames. The cryptocurrency market auctioned Cardano’s price at $0.3385.

On Friday, Cardano’s cryptocurrency coin cost demonstrated initial indications of recovery after five successive days of negative returns. The 5-day decrease, which followed the bulls setting a new monthly high at $0.3698, saw 11% of the cryptocurrency market value taken away from ADA holders. On January 19, the bulls brought an end to the descending staircase pattern and have since incited a 5% opposing trend surge. Cardano’s price was traded at $0.3459. From January 1, the ADA price has gone up by 55%.

Investors should watch Cardano’s crypto coin price carefully, which displays a similar pattern. Past the $0.303 level, the 62% and 70.5% pullback levels at $0.288 and $0.277 provide chances for buyers to return.


The latest on the value of Solana (SOL) cryptocurrency

On January 17, Solana’s cryptocurrency witnessed a remarkable increase of 140% in just 17 days, jumping from $9.63 to trade at $23.68 when this was written. Investors should brace themselves for additional waiting as SOL has yet to return to its peak value from November.

Solana’s crypto coin price still needs to push by another 40% to reach $36.90, the value it was before the FTX-induced crash. In order to accomplish this, SOL must regain the backing at $28.28, allowing the digital currency to start an uptrend to surpass the essential obstacle at $32.06. Going forward, the altcoin can ascend to $36.90 and overturn all preceding deficits.

Solana’s crypto coin price tripled between December 29, 2022, and January 16, 2023, as it rallied 212% in less than three weeks. This explosive rally hit $23.38, the midpoint of the 79% crash between November 5 and December 29, 2022. Going into the weekend, Solana’s price has charted an increase of 151.82% in three weeks. The stock price of SOL dropped from $23.43 to $21.07, failing to sustain its preceding support at $22.77 on Friday.

In this situation, merchants could need to keep an eye on certain levels to reduce losses in the event that SOL drops further.
Solana’s cryptocurrency market value is currently hovering above the support level of $19.30. The elimination of this backing could cause the rate to contact essential assistance at $17.89. On the off chance that the altcoin drops underneath this point, it could begin to slide toward $15.90, demonstrating a 22% decrease.


Our Final Verdict on the Changing Crypto Coin Prices

Crypto market Bitcoin, Ethereum, and XRP Coins Concept Image.

Graphs and indicators show that Bitcoin and other cryptocurrencies are showing a bullish trend this year. The Bitcoin crypto sector has initiated a fresh bull market. This market is predicted to reach a crypto worth of $24.8K, where the psychologically vital 200-week moving average and the 161.8% Fibonacci point of the impetus from the December lows are situated.

Ethereum’s cryptocurrency worth has already gone beyond the 200-week EMA, and a check of the signal is expected to take place again. Ethereum’s price aims for $2,000; it has two more liquidity levels in its’ trajectory to challenge before ultimately re-acquainting with the psychological $2,000 level.

XRP cryptocurrency value had already risen by 20% in seven days after briefly tagging the $0.40 barrier. The digital remittance token has gone into consolidation mode, darting back and forth between $0.39 and $0.40. Significant changes can also be observed in Cardano and Solana crypto stock prices.


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Keep up with the latest crypto market trends and insights by visiting Learn about the potential growth of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana in the current crypto market, and stay informed on predicted prices for the near future. Stay ahead of the curve with Black logo with text - learn how to trade crypto for beginners.

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