CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$25,617.00
  • ethereum
    ETH$1,737.52
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Price Analysis » Crypto Price Analysis Mar-31: ETH, XRP, ADA, SOL, LTC

    Crypto Price Analysis Mar-31: ETH, XRP, ADA, SOL, LTC

    Author: Duo Nine

    Last Updated Mar 31, 2023 @ 10:45

    This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Litecoin.

    Ethereum (ETH)

    Ethereum decided to range this week and booked a slight loss of 1.4%. This flat trend could not muster the energy to hold the price above $1,800, which is the current key resistance.

    The support is at $1,700, and bulls have done a good job defending this level to date. Therefore, any pullback should find buyers here if the price falls again.

    Looking ahead, ETH has lost some of its momentum, with the buying volume steadily decreasing since mid-March. If this does not reverse soon, then the cryptocurrency will lack the strength to push higher at this time and may even enter a correction.

    ETHUSD_2023-03-31_15-55-09
    Chart by TradingView

    Ripple (XRP)

    If Ethereum is still deciding where to go next, this is not an issue for XRP, which has turned extremely bullish. With a 19% price increase in the past week, XRP is the best performer on our list. Moreover, buyers do not show any sign of weakness at this time.

    During this rally, Ripple made a higher high which confirms the bullish trend. To stop this ascent, bears may show up at the key resistance levels of 53 and 58 cents. The current support is just below 50 cents.

    Looking ahead, XRP is well positioned to make new yearly highs and maybe even approach $1 towards the end of the year. Considering its price history, this looks likely if buyers continue to dominate.

    XRPUSDT_2023-03-31_15-56-50
    Chart by TradingView

    Cardano (ADA)

    Cardano’s uptrend continued this past week, and the price managed to increase by 3.9%. The reason ADA failed to rally higher is because of the key resistance at 38 cents. Every time buyers wanted to break away, sellers turned the price around.

    The key support is at 35 cents, and it is unlikely to be retested considering this price action. In the past, pullbacks were short-lived and provided a good entry.

    Looking ahead, it is unlikely for sellers to hold off the pressure from buyers who are keen to take ADA higher. If the 38 cents level is turned into support, then this cryptocurrency can aim for 42 cents next.

    ADAUSDT_2023-03-31_15-56-19
    Chart by TradingView

    Solana (SOL)

    Solana is found in a downtrend since the end of February. This did not change in March despite a good attempt from buyers to reverse this. For this reason, SOL registered a 8.5% decrease in price this week.

    This cryptocurrency has good support at just under $20, and it appears that bears will test this level again. If buyers fail to defend it, then a breakdown could take SOL to $17 next.

    Looking ahead, the outlook on Solana remains bearish, but a lower low (under $17) appears unlikely at this time. Sellers do not show the conviction needed for that, bearing in mind the low volume in the past week.

    SOLUSDT_2023-03-31_15-59-12
    Chart by TradingView

    Litecoin (LTC) 

    Litecoin was quite volatile this year, and most recently, in March, it experienced a sharp rally that took it all the way to the $95 resistance. Since then, the price entered a pullback and fell by 5.8% this week.

    It is unlikely for LTC to break the key resistance at this time. A test of the support at $81 appears more probable. If buyers return there, then this cryptocurrency could find enough momentum to aim for $100 again.

    Looking ahead, Litecoin had an impressive recovery this year when compared to late 2022. Should this continue, then it could try to reach and maintain a three-digit valuation in 2023.

    LTCUSDT_2023-03-31_16-00-47
    Chart by TradingView
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Cardano (ADA) Price Ethereum (ETH) Price Litecoin (LTC) Price Ripple (XRP) Price Solana (SOL) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Duo Nine
    More posts by this author

    Duo Nine is a seasoned cryptocurrency technical analyst with over five years of experience in price action trading. After buying his first Bitcoin in 2014, Duo never left the blockchain ecosystem. You will find him posting charts most of the time and hanging out on his Discord crypto community. Contact: Twitter

  • bitcoin
    BTC$25,617.00
  • ethereum
    ETH$1,737.52
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    What is a Meme Coin? The Biggest Meme Coins You Must Know About

    What is a Meme Coin? The Biggest Meme Coins You Must Know About

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!