BTC, ETH and XRP Price Analysis for August 9

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BTC, ETH and XRP Price Analysis for August 9
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Can altcoins withstand BTC's pressure? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum

However, if sellers' pressure continues and the candle closes below $23,000, the fall may lead to the test of $22,400 soon.Ethereum is the biggest loser from the list today, falling by almost 6% over the last 24 hours.

Ethereum has lost the vital $1,700 mark, which means that sellers are about to seize the initiative. If the situation does not change until the end of the day, there are prerequsites to see a drop to the $1,600 zone within the next few days.XRP could not withstand the overall market pressure, declining by 5.15%.

XRP is looking more bearish than BTC and ETH, as the price has broken the local support level at $0.36534 on the daily chart. If bears hold the initiative, one can expect a further downward move to the $0.35 mark until the end of the week.

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