Can XRP or Cardano (ADA) keep the rise while Bitcoin (BTC) is trading sideways?

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The new week started off with a neutral mood in the cryptocurrency market as some coins are trading in the green zone while others are red.

Best coins from CoinMarketCap

BTC / USD

Last weekend there was no strong downward pressure and the price of Bitcoin (BTC) consolidated in a sideways range along the $ 42,447 level. On Sunday, the buyers were able to push the pair back into the mid-price zone, and at the end of the day they attempted to break above the three-hour EMA55.

BTC / USD Chart by TradingView

The pair tested the $ 44,300 level tonight, but weak growth has yet to be supported by large volumes. If during the day the buying volume increases, then the rally may continue up to the resistance of $ 46,000.

However, it should be borne in mind that strengthening sellers’ positions on the way to the $ 45,000 level is the signal for a new bearish wave, which this week is capable of pushing the price of Bitcoin back into the zone. of $ 38,000.

Bitcoin is trading at $ 43,481 at the time of publication.

XRP / USD

Last Saturday, the XRP price was in a side channel, the upper bound of which was the resistance of $ 0.95. On Sunday, after pulling back to the $ 0.90 support, the pair managed to break through the upper end of the side range and recovered above the three-hour moving average EMA55.

XRP / USD Chart by TradingView

Average purchase volumes did not allow the price to climb back to the psychological $ 1 level as quickly. Since this morning, trading volumes have been declining and the price has slowed its growth rate. If the bulls are unable to overcome psychological resistance, then this week the decline may continue to $ 0.80 support.

XRP is trading at $ 0.9539 at time of publication.

ADA / USD

Cardano (ADA) is the only loser on the list, as the altcoin rate has fallen 2.76% since yesterday.

ADA / USD Chart by TradingView

Cardano (ADA) is trading closer to the support at $ 1.90; however, the sellers have not yet taken the initiative. The trading volume has declined, which means sideways trading is the most likely scenario for the next few days.

But if the bears break the support and fix below, we can expect prices to drop sharply in the more liquid area around $ 1.30.

ADA is trading at $ 2.19 at time of publication.

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