BTC, ETH, XRP, BNB, AVAX and DOT Price Analysis for July 16

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BTC, ETH, XRP, BNB, AVAX and DOT Price Analysis for July 16
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Is the current drop a correction before an upcoming mid-term rise? Polkadot polkaworld_org Polkadot Qinwen_Wang KaruraNetwork XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie crypto Ethereum ETH $ETH cryptoexchange VitalikButerin

In this case, the more likely scenario is sideways trading between $20,000 and $21,000, so the coin could get more energy for further growth.Ethereum has lost more than Bitcoin as the price has dropped by almost 2%.

Despite the fall, XRP is looking much better than other coins, as the rate is on the way to testing the $0.3434 level again. This means that bulls might be more powerful than bears as the price has not gone down after a false breakout. Thus, the volume has increased, which is locally a bullish signal. All in all, one can see the rise to the $0.35 mark if buyers can hold the gained initiative.The price of Binance Coin has gone down by 1.17% over the past 24 hours.

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