XRP is facing difficulties in terms of the short-term rise. The altcoin has fallen by almost 5% over the last week which means that it is unlikely to keep with the BTC's rise. In this case, the nearest support at around $0.22 might be tested soon.
ON the daily chart, XRP is slowly approaching the next resistance at $0.2635. From the technical point of view, it has high chances to break it as the trading volume keeps rising and the rising channel has not been broken yet.
On the daily chart, Bitcoin (BTC) is still located in the rising channel even. In this case, every correction may be considered as a short-term drop but not a start of the prolonged downtrend. That is why the end-point of around $13,000 may be attained after a consolidation period.
Ethereum (ETH) has reached the local support zone, however, the drop may continue. The current move is considered as the correction after a sharp dump. That is why there is a high probability to see the chief altcoin trading at around $300 by the beginning of the next month.
Bitcoin (BTC) has bounced off the $10,000 level, however, it has not gained enough efforts to come back to the previous local peaks. That is why there is a chance to see BTC at $9,000 before a new run to $13,000
XRP has confirmed the long-term bullish trend, however, the rise has been so sharp that a slight correction is needed to get more power for the further rise. That is why the drop is likely to occur to the EMA 55 level that corresponds to $0.28.
Analyzing the daily chart, the decline is still possible as the trading volume is going down, which means that Bitcoin (BTC) has not got enough strength to keep the rise. That is why bears might drop the price to $11,000 within a few days.
On the daily chart, the main crypto could not fix above $12,500, having confirmed the bearish mood. As the main price action, traders may expect the dtop to about $10,500 followed by another wave of growth.
Bitcoin (BTC) is still bullish on big time frames, even though signals of a correction have started to appear on small ones. As the main target, one needs to consider the $13,200 mark that may be reached by the end of the year.
Bitcoin (BTC) keeps trading in a bullish trend after a drop from $12,000. At the moment, traders should expect continued growth to $13,000 if beares does not seize the initiative and push it back to $11,000 and below.
On the daily time frame, sideways trend is the more likely scenario form the nearest time. The current candle is bearish which means that buyers have no more power to keep the growth. Also, there is a high concentration of liquidity at the current levels. In this case, XRP may locate within the range of $0.20 and $0.2050 until the first days of August 2020.
On the weekly chart, Bitcoin (BTC) is slightly turning to the bullish zone, however, the trading volume is still low to fix above $10,000. From the other hand, there is a bullish divergence on the RSI indicator and it has not reached the overbought zone yet. In this case, traders may expect a false breakout of the $10,000 mark followed by a decline.
Chainlink (LINK) is the top gainer from our list. The altcoin has rocketed by almost 10% since yesterday.
Chainlink (LINK) might have reached its local peak as it has also low chances to peak at the new all-time fights. Moreover, the index of the RSI indicator has also reached the overbought zone. Summing up, the highest mark where bulls may get the coin within...
Yesterday, buyers were able to continue their recovery, but the growth dynamics was rather sluggish. XRP broke the psychological level of $0.20, and the buyers did not have enough strength to continue the growth towards the POC line ($0.203).
Until this morning, the pair has settled in a narrow sideways range between the level of average prices and the resistance...
On the bigger time frame, the bullish forecast has been confirmed. At the moment, XRP is targeting the resistance of $0.2115. The bullish divergence on the RSI indicator confirms the buyers' presence. If the growth continues, the aforementioned market may be attained by the end of summer 2020.