• XRP/USD reaches our yesterday forecast of $0.864 during the Asian session.
  • BTC/USD breaks the $8,400 level and $8,750 wait as the next resistance.

Ripple capitalizes the good prospects and surges with force. After the takeoff, it quickly got to $0.864, the resistance we mentioned yesterday, and has settled without breaking it. Above, it would find a price resistance congested zone with the psychological mark of $1.00.

Meanwhile, BTC/USD tested $8,400 again and managed to break it. Still, sales haven't appeared yet.

XRP/USD 240 min

Ripple is the main protagonist today, with a forceful upturn. The bullish reaction once it broke the wedge was very quick and it reached its first goal yesterday. Above $0.864, XRP/USD has room for an upwards development until a resistance at $0.958, followed by $1.203 and $1.084 at the range's roof.

Below, the strength of the rise has left few supports. The first one is at $0.74, followed by $0.67, where all the rise would be undone.

The 240 min. MACD has good slope and line and signal openness, favoring new rises without excluding some excess regulating retreats. Its tone is of bullish continuation.

The Directional Movement Index is conclusive in the sellers' complete retreat after the rise. Buyers have lost momentum too after reaching goals, but the ADX is still in strong trend levels, favoring more rises.

ETH/USD 240 min

Ethereum has behaved positively lately and has reached yesterday's second resistance at $576. In the early American session, it has already broken it, approaching the next goal at $625. Should it be broken too, the next objective would be around $675, where it would meet a trendline that sets the bearish channel's roof and is the key level to become fully bullish.

The 240 min MACD shows a possible divergent structure that could fade out if the price keeps rising consistently. A consolidation in the current levels is possible.

The Directional Movement Index favors more rises very clearly. Despite a sales upturn, buyers are likely to keep their current high level.

BTC/USD 240 min

Bitcoin has managed to break $8,400 at the expense of a momentum exhaustion. It is in a dense range of supports and resistances that hinders the trend continuity. Above that level, there are resistances at $8,750 and $9,000. Beyond, $9,500 are the main mid-term goal.

Below, there's the current range mid-level at $8,064, and its baseline at $7,800. The moving and exponential averages are within that range, so Bitcoin has many supports to rely on.

The MACD is very flat, in accordance with the price, and suggests lateral consolidation moves. The scenario is also favorable for a pattern that may increase the volatility to separate the indicators.

The Directional Movement Index shows buyers in a slim control. Sellers are at low levels and haven't appeared after reaching resistances, so the bearish hopes are in downtime. The ADX is below 20 and confirms the lack of tendency.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

BTC bulls bank on S&P 500 rally and new fiscal stimulus

Bitcoin (BTC) is creeping towards $9,300 on Monday, however, all previous attempts to settle above this area proved to be futile. Bitcoin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Monday, while its market dominance dropped to 62.2%. 

More Bitcoin News

XRP/USD glued to $0.2000 after a failed recovery attempt

Ripple's XRP is changing hands at $0.2000, mostly unchanged both on a day-to-day basis and since the beginning of Monday. The coin has been locked in a tight range since July 11 after a retreat from the recovery high of $0.2117.

More Ripple News

IOT/USD lift-off to moon begins as $0.30 draws nigh

IOTA is among the biggest single-digit gainers on the day. Most cryptocurrencies in the market remain lethargic in their trading. However, some selected coins are leading recovery including Chainlink, Tezos, NEO and Dash. 

More IOTA News

Ethereum Price Update

Ethereum (ETH) is changing hands at $243.90,  mostly unchanged both on a day-to-day basis and since the beginning of Monday. The second-largest digital asset has recovered above the short-term channel resistance $24.00, however, the further upside has stalled above $243.00. 

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast

BTC

ETH

XRP