Crypto Market Sees Strong Start to September as Major Assets Test Resistance

The crypto market started September on a stronger footing, with Bitcoin (BTC), XRP, and Cardano (ADA) testing resistance levels.

As of September 1, total crypto market capitalization has increased by about 1.7% to $2.73 trillion.

Bitcoin's price is currently pressing against the upper boundary of its recent range, near $79,200. A break above this level could give BTC room to test $81,000 before the end of the day.

XRP price is dealing with a similar setup, although its technical indicators are more divided. XRP needs to clear the $1.42 resistance level to open the path toward $1.46.

Cardano's price is also testing resistance, which could make the next few hours important for ADA. A successful break above $0.204 could give Cardano room to move toward $0.215 during September 1.