Bitcoin is still over $6,300, could visit the $5,800 in the next few hours.
Ethereum's target is $404, with some support at $416.
We could see the Ripple below $0.40 if the volatility increases in the short term.
Bitcoin is currently trading around $6370, just above the support formed by the confluence of 18 short-term indicators, the most notable being the 23.6% Fibonacci level in the daily range. A hundred dollars below, the weekly lows along with the 23.6% Fibonacci level in the monthly range give double safety to the current price level. If Bitcoin loses this level, the most probable scenario is a test of the $5,800 mark.
In the event of an upward movement, Bitcoin could find several significant resistance levels. The main one for BTC/USD is at $6,570, a confluence of nine medium and long-term indicators, including the 38.2% Fibonacci level in monthly range, the R1 pivot point level in the daily range or the SMA200 in 4 hours. Above that price level, multiple minor resistances at $6,700, $6,850 and $7050.
Ethereum is currently trading around the $445 level. Just above, the confluence of the weekly lows and the 38.2% daily Fibonacci level among other indicators. That is the first upward obstacle for ETH/USD. On the upside, a zone of multiple medium strength resistances between $455 and 480$ should be hard to beat. From that level on, there no easy ground for the Ethereum, which should again encounter difficulties at the $490 level with a strong confluence formed by the R2 daily pivot point level, the R1 weekly pivot point level or the 38.2% of the monthly Fibonacci, among other indicators.
On the Ethereum support side, the closest one of some importance is located at $436, marked by the 23.6% of Fibonacci in the daily range. The weekly S2 pivot point level is the next support at $420. As the last meaningful support, there is the $400 mark, where we find a strong confluence of the S3 weekly pivot point level, the monthly minimum and S2 daily pivot point.
Ripple is doing a good job of playing a passive role. It's not going anywhere fast, and it is following the BTC/USD, so it has stopped at $0.44. This movement leaves room for a bearish attack to $0.42, where the month's lows and the S1 Pivot Point level converge in the daily range. If it breaks hard downward, we could see it below $0.40. Important but distant supports protect this area.
In case of increased buying pressures on the XRP/USD, the first resistance is located just above the current price. The most important indicator of this confluence are last week's lows. If this resistance does not hold, the next target for the Ripple should be at $0.46, with the 61.8% Fibonacci daily retracement as the main component of the confluence. Above this level, up to $0.49, there are multiple confluences formed with indicators as strong as the R1 daily Pivot Point, the 23.6% Fibonacci daily retracement or 38.2% Fibonacci in weekly range.
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