05-13-2019, 07:17 PM
- Bitcoin may attempt to hit new highs cannot be ruled out before a consolidation.
- ETH/BTC positions show a growing possibility for an upward rebound.
- XRP/USD Stays bullish and consolidates its technical levels.
The top representative of this disruptive technology enjoyed a considerable rise from $5,800 on Friday afternoon to touch $7,500on Sunday. The coin is back to its natural, authentic behavior.
The primary victim of the movement has been Ethereum, which despite exceeding $200 in the euphoric peak, was unable to keep up with Bitcoin.
Now Lets talk about XRP
XRP/USD is currently trading at $0.316, breaking all moving averages in the last 48 hours, something that hasn't happened since April.
Below the current price, the first level of support is $0.315 (price congestion support and SMA200). The second support level is $0.308 (price congestion support, EMA50, and SMA100). The third level of support for the XRP/USD pair is $0.30 (price congestion support).
Above the current price, the first resistance level is $0.325 (price congestion resistance), then the second resistance level is $0.328(price congestion resistance). The third resistance level is at $0.335 (price congestion resistance).