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BTC, ETH and XRP price analysis for October 6th

The bulls could return to the game despite starting the day on a bearish note.

BTC/USD

Bitcoin (BTC) price is up 0.82% since yesterday.

BTC/USD chart by TradingView

Bitcoin (BTC) has bounced off the $20,415 resistance level again. This level is crucial for bulls as its breakout could fuel a medium-term rally to $21,000.

Bitcoin is trading at $20,029 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer from the list today as the rate is up nearly 3%.

ETH/USD chart by TradingView

Despite the surge, Ethereum (ETH) is far from resistance, which means the main altcoin needs more time to get more for further movement.

In this case, the more likely scenario is in the $1,350 to $1,400 range.

Ethereum is trading at $1,365 at press time.

XRP/USD

XRP is showing the same surge as Ethereum (ETH), according to data from CoinMarketCap.

XRP/USD chart by TradingView

At the moment, the $0.50 level is playing a big role for XRP as its breakout can lead to a sharp rise to the next resistance level at $0.51967. Thus, the coin has accumulated enough power for such a movement.

XRP is trading at $0.4971 at press time.

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