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Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 05 November

Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 05 November
FXStreet TeamFXStreet TeamFXStreet

Bitcoin technical analysis: BTC/USD the big barrier of $9100 - 9500 is being tested

Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session. 

BTC/USD price action is further narrowing within a pennant structure, subject to a breakout. 

Big supply area is seen running from $9100-9500, ahead of the psychological $10,000 mark.

Ethereum technical analysis: ETH/USD must break down $200

Ethereum price is trading in the green, up 2.15% the session on Tuesday.

ETH/USD has offered little in terms of volatility over the last 11 sessions, as the price consolidates. 

A strong barrier of resistance is observed at the psychological $200 mark, preventing further upside pressure. 

Ripple's XRP technical analysis: XRP/USD bulls having another go at $0.3000

Ripple's XRP price is trading with the green by some 0.65% in the session on Tuesday. 

XRP/USD running towards its second consecutive session in the green. 

Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.  

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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