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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Cardano – Asian Wrap 05 Aug

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Cardano – Asian Wrap 05 Aug
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC/USD faces strong resistance at $11,550

BTC/USD bears eked out an advantage this Tuesday, following a bullish Monday. The price has gone down from $11,235.08 to $11,209 over the day. The daily confluence detector has one strong resistance and support level at $11,550 and $10,900, respectively.

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Ripple Price Prediction: XRP/USD drops below the $0.30 level

XRP/USD bears remained in control for the second straight day, dropping from $0.3014 to $0.2987. The daily confluence detector has one strong resistance level at $0.3215, which has the one-day Previous High and one-month Pivot Point resistance-two.

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Leading blockchain auditing firm predicts Cardano will outperform Tezos

ADA/USD bulls remained in control for the third straight day and the price is consolidating in a pennant formation. It’s current priced at $0.1443. The Elliott Oscillator has had seven straight red sessions. The price has one strong resistance at $0.1487.

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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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