Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar.
The price climbed towards the $10,800 resistance and recently started consolidating gains.
There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could accelerate towards $11,000 and $11,200 if it clears the $10,800 resistance.

Bitcoin price is showing a lot of positive signs above the $10,400 support against the US Dollar. BTC is currently preparing for more upsides and it could rally towards $11,000.
Bitcoin Price Analysis
After a major decline below $10,000, bitcoin price found support above $9,100 against the US Dollar. The BTC/USD pair formed a decent support base above the $9,500 level and recently started a strong recovery. Besides, it broke the key $10,000 resistance to move into a positive zone. Finally, the upward move was such that the price even traded above $10,200 and the 100 hourly simple moving average.
Moreover, the price broke the $10,500 resistance and traded close to the $10,800 level. A swing high was formed near $10,807 and the price started consolidating gains. It corrected below the 23.6% Fib retracement level of the upside move from the $9,253 low to $10,807 high. Additionally, the price even spiked below the $10,400 support level. However, the decline was protected by the $10,200 support and the 100 hourly simple moving average.
At the outset, there is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair. Therefore, if there is an upside break above the $10,700 and $10,800 resistance levels, the price could continue to rise. The next target for the bulls could be $11,000, above which it could even surge above the $11,200 level. On the downside, a break below $10,440 might push the price towards the $10,200 support.
The next main support is near the $10,000 level. Moreover, the 50% Fib retracement level of the upside move from the $9,253 low to $10,807 high is also above the $10,000 support area. Therefore, a daily close below $10,000 might start a major decline in bitcoin price in the near term.

Looking at the chart, bitcoin price is trading with a positive bias above the $10,200 and $10,000 support levels. As long as the price is above $10,000, it could continue to rise. Overall, the main target for the bulls could be $11,000 and $11,200.
Technical indicators:
Hourly MACD – The MACD is slowly moving back into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently moving higher towards the 65 level.
Major Support Levels – $10,400 followed by $10,200.
Major Resistance Levels – $10,800, $11,000 and $11,200.
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Bitcoin Price (BTC) Rallies 10%, Dips Remain Attractive To Buyers

Bitcoin price started a strong recovery and broke the key $10,000 resistance area against the US Dollar.
The price surged more than 10% and broke the $10,500 resistance to test $10,800.
There was a break above a major bearish trend line with resistance near $9,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price traded as high as $10,807 and it is currently consolidating gains.

Bitcoin price surged more than 10% above $10,500 against the US Dollar. BTC is currently consolidating gains and dips are likely to find a strong support above $10,000 and $10,200.
Bitcoin Price Analysis
In the past few days, we saw a major drop in bitcoin price below the $10,000 support against the US Dollar. The BTC/USD pair traded close the $9,000 support level and formed a new monthly low near $9,095. Later, the price formed a decent support base above $9,400 and recently started an upward move. It surged more than $1,000 and broke the key $10,000 resistance.
There was a break above the 61.8% Fib retracement level of the last key drop from the $11,060 swing high to $9,100 swing low. Moreover, there was a break above a major bearish trend line with resistance near $9,800 on the hourly chart of the BTC/USD pair. The pair even settled above the $10,400 level and the 100 hourly simple moving average. The upward move was such that the price tested the $10,800 resistance and a swing high was formed near $10,807.
The price is currently consolidating below $10,800 and trading inside a contracting triangle. If there is a downside break, the price could test $10,440 or the 23.6% Fib retracement level of the recent wave from the $9,271 low to $10,807 high. However, the main support on the downside is near the $10,200 level and the 100 hourly simple moving average.
Moreover, the 50% Fib retracement level of the recent wave from the $9,271 low to $10,807 high is also near the $10,040 level. Therefore, dips towards the $10,400 and $10,200 levels are likely to find a lot of buyers. On the upside, a break above the $10,800 resistance might start another rise.

Looking at the chart, bitcoin price is clearly trading in a positive zone above the $10,200 and $10,400 support levels. If there are more gains above $10,800, the price might move towards the $11,500 level in the near term.
Technical indicators:
Hourly MACD – The MACD is slowly moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently correcting from 70 and it could test 55.
Major Support Levels – $10,400 followed by $10,200.
Major Resistance Levels – $10,800, $11,000 and $11,500.
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Crypto Market and Bitcoin Could Continue Higher: BCH, EOS, TRX, ADA Analysis

The total crypto market cap started a decent recovery and broke the key $260.0B resistance.
Bitcoin price rallied around 10% and broke the $10,000 and $10,500 resistance levels.
EOS price recovered steadily and even broke the $4.00 resistance area.
BCH price is up more than 5% and it recently cleared the $300 resistance.
Tron (TRX) price gained around 8% and surpassed the $0.0250 resistance level.
Cardano (ADA) price is still struggling below the $0.0600 level.

Bitcoin price jumped more than $1,000 and the crypto market cap is up more than 10%. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to continue higher.
Bitcoin Cash Price Analysis
After this past week’s significant decline, bitcoin cash price found support near the $270 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the key $290 and $300 resistance levels. It is currently up around 5% and is trading near the $310 level.
If there are more gains, the price may perhaps test the $320 resistance level. On the downside, the $305 and $300 levels are decent supports, below which the price may move back in a bearish zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is slowly recovering and it recently broke the $3.900 and $4.000 resistance levels. However, there is a strong resistance forming near the $4.200 level, where the bulls might face a tough challenge in the near term. A successful break above $4.200 could push the price towards the $4.500 level.
Tron price is gaining momentum and it gained around 20% in the past three days. TRX price broke the $0.0240 and $0.0250 resistance levels and it seems like it could continue to rise. The next major hurdle for buyers is near the $0.0265 level.
Cardano price remains in a bearish zone and it recently formed a decent support near the $0.0550 level. However, ADA price is facing a crucial resistance near $0.0600, above which the price could recover higher in the coming sessions. The next main resistance is near the $0.0650 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise from the $230.0B support area. The market cap surpassed the key $250.0B and $260.0B resistance levels. Moreover, there was a break above a major bearish trend line with resistance at $260.0B on the same chart. At the moment, the market cap is facing resistance near the $280.0B level and it might correct lower in the near term. However, the broken resistance near $260.0B may perhaps act as a key support zone. Overall, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
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Ripple Price (XRP) Could Climb Higher, Bitcoin Breaks $10,500

Ripple price recovered steadily after trading below the $0.2900 support level against the US dollar.
The price climbed higher and broke the key $0.3000 and $0.3200 resistance levels.
It seems like an ascending channel is forming with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is likely to break the $0.3280 resistance and trade above the $0.3320 level in the near term.

Ripple price is showing a lot of positive signs above $0.3200 against the US Dollar since bitcoin rallied 10%. XRP price could continue to rise if its breaks $0.3280 and $0.3300.
Ripple Price Analysis
Recently, we saw a major downward move in ripple price below the $0.3000 support against the US Dollar. The XRP/USD pair even broke the $0.2900 support and tested the $0.2850 support area. A new monthly low was formed near $0.2833 and the price recently started an upside correction. There was a break above the $0.3000 and $0.3100 resistance levels.
Moreover, the price settled above the $0.3100 level and the 100 hourly simple moving average. The bulls gained traction and the price even broke the $0.3200 resistance. Finally, the price spiked above the $0.3240 resistance and traded towards the $0.3280 level. A swing high was formed at $0.3274 and the price is currently correcting lower. It broke the $0.3240 level plus the 23.6% Fib retracement level of the recent wave from the $0.0.3041 low to $0.3274 high.
However, there are many supports on the downside near $0.3200 and $0.3150. There is also an ascending channel forming with support at $0.3150 on the hourly chart of the XRP/USD pair. The 50% Fib retracement level of the recent wave from the $0.0.3041 low to $0.3274 high is also near the channel support to act as a strong support in the near term.
If there is a downside break below the channel support, the price may move back towards the $0.3040 level. However, the 100 hourly SMA at $0.3090 might protect losses. On the upside, an immediate resistance is near the $0.3275 and $0.3280 levels, above which the price is likely to surge above the $0.3300 level in the near term.

Looking at the chart, ripple price is trading with a positive bias above the $0.3150 and $0.3040 support levels. Therefore, there are chances of more gains above the $0.3280 and $0.3300 resistance levels.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level, with a bearish angle.
Major Support Levels – $0.3150, $0.3090 and $0.3040.
Major Resistance Levels – $0.3280, $0.3300 and $0.3320.
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Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

ETH price started an upside correction and traded above the $210 resistance against the US Dollar.
The price gained traction above the $220 level and even traded close to the $230 level.
This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently consolidating below the $230 resistance, with support near $212.

Ethereum price is trading with a positive bias above $210 versus the US Dollar, whereas bitcoin jumped 10%. ETH price could dip towards $212 before it could break the $230 resistance.
Ethereum Price Analysis
After a significant decline, Ethereum price found support near the $190 level against the US Dollar. The ETH/USD pair started an upside correction and recently traded above the $200 resistance. Moreover, bitcoin price recovered sharply above $10,000, sparking bullish moves in the crypto market. ETH price gained traction and broke the $210 and $220 resistance levels.
Moreover, there was a close above the $220 level and the 100 hourly simple moving average. The price even broke the 23.6% Fib retracement level of the last major decline from the $229 high to $190 low. Additionally, there was a break above a connecting bearish trend line with resistance at $214 on the hourly chart of ETH/USD. However, the pair ran into this week’s followed key bearish trend linen at $230.
The pair is currently consolidating below the $230 resistance and near the 100 hourly SMA. An initial support is near the $220 level, below which the price may perhaps dip towards the $212 support level. If there are more losses, the price might move back in a bearish zone towards $200 and $195.
On the other hand, if the price gains momentum above the $230 resistance, it could continue to rise. The next key resistance is near the $235 level (the previous swing high) plus the 50% Fib retracement level of the last major decline from the $229 high to $190 low. If there are more gains, the price may even test the $245 level, representing the 61.8% Fib retracement level of the last major decline from the $229 high to $190 low.

Looking at the chart, Ethereum price is showing a few positive signs above the $212 support level. However, the bulls need to gain strength above $230 and $235 to push the price back into a positive zone.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is struggling to gain momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently well above the 50 level, with a bullish angle.
Major Support Level – $212
Major Resistance Level – $230
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Bitcoin & Crypto Market Near Key Juncture: LTC, BNB, BCH, TRX Analysis

The total crypto market cap declined towards the $235.0B level and recently corrected higher.
Bitcoin price is also correcting higher, but it is facing hurdles near $9,800 and $10,000.
Binance coin (BNB) price recovered more than 10% and broke the $27.00 resistance area.
Litecoin (LTC) price rallied recently above the $80.00 and $85.00 resistance levels.
BCH price is slowly approaching towards the key $300 resistance area.
Tron (TRX) price is up around 10% and it is currently trading above the $0.0220 level.

The crypto market cap and bitcoin (BTC) are currently near an important juncture. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are showing signs of a short term recovery.
Bitcoin Cash Price Analysis
After a sharp decline below the $300 level, BCH price found support near the $270 level against the US Dollar. The BCH/USD pair started an upside correction and traded above the $280 and $290 levels. It seems like the price is slowly recovering and it could soon test the key $300 resistance level.
If there is an upside break above $300, the price could correct towards the $320 level. If not, the price is likely to decline again below the $290 and $280 level in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price found strong support near the $24.00 level and it recently started an upward move. BNB price broke the $25.00 and $26.50 resistance levels. It even broke the $27.00 resistance and it may soon test the $27.50 resistance level.
Litecoin price found support near the $75.00 level after a massive decline. LTC price jumped higher recently and broke the $80.00 resistance level. The price is up more than 12% and it is approaching towards the $92.00 and $95.00 resistance levels, where sellers could emerge.
Tron price tested the $0.0200 support level and recently corrected higher. TRX price is up around 10% and it broke the $0.0215 and $0.0220 resistance levels. The next key resistance on the upside is near the $0.0230 and $0.0232 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a downside extension below the $250.0B support area. The market cap moved towards the $235.0B level and formed a swing low at $234.9B. It recently corrected higher and broke the $245.0B and $250.0B resistance levels. However, there is a strong resistance formed near the $260.0B level and a bearish trend line, which is currently acting as a barrier. If there is an upside break above the trend line, there could be a decent comeback n bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar.
The price traded above the $0.2940 resistance and the $0.3000 pivot level.
This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is now trading with a few positive signs above the $0.3050 support area.

Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is an upside break above the $0.3230 resistance area.
Ripple Price Analysis
Yesterday, we saw a strong drop in bitcoin and Ethereum, but dips were limited in ripple price against the US Dollar. The XRP/USD pair broke the $0.2940 support level and traded to a new monthly low. A swing low was formed near $0.2833 and recently the price started an upside correction. There was a break above the $0.2940 and $0.3000 resistance levels to start a recovery.
Moreover, this week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair. It opened the doors for more gains above the $0.3150 resistance. However, the upward move is facing hurdles near the $0.0.3230 and $0.3240 resistance levels. As a result, the price corrected gains below $0.3150 and the 100 hourly simple moving average. Besides, there was a break below the 23.6% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high.
However, there are many supports on the downside near the $0.3050 and $0.3040 levels. The 50% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high is also near the $0.3040 level. There is also a connecting bullish trend line forming with support at $0.3045 on the same chart.
Therefore, the price is likely to find bids near the $0.3040 or $0.3050 level. Below the trend line and $0.3040, the price may perhaps test the $0.3000 pivot level. On the upside, the main resistance is near the $0.3230 and $0.3240 levels. If there is a convincing break above $0.3240, the price could accelerate gains in the near term.

Looking at the chart, ripple price remains well bid above the $0.3040 level. As long as there is no close below $0.3000, the price is likely to continue higher. A clear break above $0.3240 might push the price to $0.3450.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is likely to gain strength in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level, with a bullish angle.
Major Support Levels – $0.3050, $0.3040 and $0.3000.
Major Resistance Levels – $0.3230, $0.3240 and $0.3320.
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Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance

ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar.
The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225.
There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels.

Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. ETH price might start a fresh decrease if it fails to continue higher above $225.
Ethereum Price Analysis
Yesterday, we saw a sharp decline in bitcoin and Ethereum price against the US Dollar. ETH/USD even broke the key $200 support level and traded to a new monthly low. A swing low was formed near $190 and recently the price started an upside correction. It broke the $200 resistance to start a decent recovery. Moreover, there was a break above the $210 resistance plus the 50% Fib retracement level of the last decline from the $235 high to $190 low.
However, the price faced a strong resistance near the $218 and $220 levels. Moreover, there is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD. It seems like the pair struggled near the 61.8% Fib retracement level of the last decline from the $235 high to $190 low. Above the trend line, the next important resistance is near the $225 level.
The 100 hourly simple moving average is positioned near the $225 level to act as a strong resistance. The final hurdle for the bulls is near the $235 resistance and another bearish trend line. Therefore, the bulls are likely to face a lot of hurdles, starting with $218 and up to $235. Only a successful close above $235 might decrease bearish pressure and push the price towards $250.
On the other hand, if the price fails to climb above $220 or $225, it is likely to restart its decline. An immediate support is near the $210 level, below which the price may perhaps revisit the $200 handle.

Looking at the chart, Ethereum price is showing a few positive signs above the $210 level. Having said that, it must clear the $220 and $225 resistance levels to continue higher. If not, it could decline back towards $200 or the $190 low.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD might move back into the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently above the 50 level, with a bullish angle.
Major Support Level – $210
Major Resistance Level – $220
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Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery

Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar.
The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery.
Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is now facing a strong resistance near the $11,000 and $11,100 resistance levels.

Bitcoin price started a strong recovery above $10,500 against the US Dollar. However, BTC is still struggling to settle above $11,000 and it could resume its decline in the near term.
Bitcoin Price Analysis
Recently, we saw a significant decline in bitcoin price below the $11,000 support against the US Dollar. The BTC/USD pair also spiked below the $10,000 support and settled below the 100 hourly simple moving average. A new monthly low was formed near $9,784 and the price recently started an upside correction. There was a strong upward move above the $10,300 and $10,500 resistance levels.
Moreover, the price traded above the 23.6% Fib retracement level of the last key drop from the $11,923 high to $9,784 low. Additionally, yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair. The pair even spiked above the 50% Fib retracement level of the last key drop from the $11,923 high to $9,784 low.
However, the price struggled to hold gains above the $11,000 resistance level. It seems like the $11,100 level and the 100 hourly SMA acted as a hurdle. Besides, the 61.8% Fib retracement level of the last key drop from the $11,923 high to $9,784 low also prevented gains. At the moment, the price is correcting gains below the $10,900 level. It seems like there is a breakout pattern forming with resistance near $11,100 on the same chart.
If there is a successful close above the $11,100 resistance and the 100 hourly SMA, there could be a convincing upward move towards the $11,500 resistance. Conversely, if there is no close above $11,000 and $11,100, the price is likely to resume its slide in the near term.

Looking at the chart, bitcoin price is clearly facing a strong resistance near the $11,000 and $11,100 levels. As long as the price is below $11,100 and the 100 hourly SMA, the bears remain in control. Therefore, BTC is likely to resume its downward move.
Technical indicators:
Hourly MACD – The MACD is about to move back in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD settled above the 50 level, but it lacking momentum.
Major Support Levels – $10,500 followed by $10,000.
Major Resistance Levels – $11,000, $11,100 and $11,500.
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Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis

The total crypto market cap recovered after it dived towards the $250.0B support area.
Bitcoin price also corrected higher above the $10,500 and $10,800 resistance levels.
EOS price is currently consolidating above the $4.100 support area.
Binance Coin (BNB) settled below the $30.00 level and it is currently trading near $28.00.
BCH price is up more than 10% and it broke the $280 and $300 resistance levels.
Tron (TRX) price is slowly recovering and it recently broke the $0.0250 resistance area.

Bitcoin and the crypto market cap started a decent upside correction, but facing many hurdles. Ethereum (ETH), binance coin (BNB), BCH, ripple, tron (TRX), litecoin and EOS could resume their decline.
Bitcoin Cash Price Analysis
After a significant decline, BCH price found support near the $260 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the $275 and $280 resistance levels. The price is up more than 10% and it recently broke the $300 resistance level.
The next resistance on the upside is near the $320 level. If the price fails to continue higher, it could decline once again towards the $280 support level in the near term.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price spiked towards the $4.000 support area during the recent slide. Recently, the price started an upside correction and moved above $4.100. The price is currently consolidating near $4.200, with a strong resistance near the $4.400 and $4.450 levels. On the downside, the $4.100 and $4.000 levels are important supports for the current wave.
Tron price declined heavily and even broke the $0.0240 support area. TRX price tested the $0.0230 level and it recently corrected higher. The price is now trading above the $0.0250 level, but it might struggle to move above the $0.0265 and $0.0272 resistance levels in the near term.
Binance coin (BNB) settled below the key $30.00 support area. BNB price is now consolidating near the $28.00 level and it could struggle to climb above the $28.50 and $29.20 resistance levels. The main resistances are near the $30.00 and $30.20 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp decline below the $300.0B support area. The market cap even broke the $280.0B support and moved close to the $250.0B support area. A swing low was formed near $254.0B and the market cap recently recovered higher. It broke the $260.0B and $270.0B levels, but the previous support near the $280.0B and $285.0B levels acted as a strong hurdle. The current technical structure suggests that there could be more declines in the market cap. Therefore, bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX are likely to struggle to continue higher.
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Ripple Price (XRP) Trading Near Make-or-Break Levels

Ripple price found support near $0.2960 and recently recovered higher against the US dollar.
The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area.
The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price must gain strength above $0.3200 and $0.3230 to continue higher in the near term.

Ripple price is slowly recovering against the US Dollar, while bitcoin gained nearly 8%. XRP price is now facing a strong resistance near $0.3230, above which it could continue higher.
Ripple Price Analysis
Yesterday, we saw a sharp decline in bitcoin and Ethereum, pushing ripple price below $0.3200 against the US Dollar. The XRP/USD pair even spiked below the $0.3000 support and settled below the 100 hourly simple moving average. A new swing low was formed near $0.2960 and the price recently started an upside correction. It managed to move above the $0.3040 and $0.3050 resistance levels.
Moreover, there was a break above the 23.6% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low. However, the price is facing a strong resistance near the $0.3200 and $0.3210 levels. Additionally, the bulls struggle to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair.
The 50% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low is also near the $0.3230 level to act as a strong resistance. Above $0.3230, the 100 hourly SMA is positioned near the $0.3250 level. Therefore, the bulls are likely to struggle to gain strength above $0.3230 and the 100 hourly SMA. Should there be a successful close above $0.3230 and the 100 hourly SMA, ripple price could recover towards the $0.3500 level.
On the other hand, if the price fails to gain above $0.3200 or $0.3230, it could resume its decline. An immediate support is near the $0.3100 level, below which the price could test the $0.3000 support area.

Looking at the chart, ripple price is currently trading near a crucial resistance at $0.3200-0.3230. It could either continue higher above $0.3230 and $0.3250 or start a fresh decline towards $0.3000. Should there be a downside break below $0.3000, the price may perhaps decline towards the $0.2850 support level in the near term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is likely to move back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
Major Support Levels – $0.3100, $0.3000 and $0.2950.
Major Resistance Levels – $0.3200, $0.3230 and $0.3250.
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Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery

ETH price traded as low as $212 and recently corrected higher against the US Dollar.
The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone.
There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its slide if it struggles to clear the $240 resistance area in the near term.

Ethereum price is slowly recovering versus the US Dollar, along with bitcoin. ETH price is likely to face a lot of hurdles near the $240 and $242 resistance levels.
Ethereum Price Analysis
Recently, we saw a sharp decline in bitcoin, Ethereum, ripple and other major altcoins against the US Dollar. ETH/USD even broke the $240 and $230 support levels. The pair traded close to the $210 level and settled well below the 100 hourly simple moving average. A swing low was formed near the $212 level and the price recently started an upside correction.
More importantly, bitcoin price gained nearly 8%, sparking a recovery in ETH above the $220 resistance. Moreover, the price broke the 23.6% Fib retracement level of the last key drop from the $270 high to $212 low. It even traded above the $230 level, but struggled to clear the $235 resistance. At the outset, there is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD.
The channel resistance is also near the 50% Fib retracement level of the last key drop from the $270 high to $212 low. Therefore, the price is likely to face a strong resistance near the $240 area. A successful close above the $240 resistance may push the price towards the $250 and $255 levels. The 100 hourly SMA is also positioned near the $255 level and a bearish trend line on the same chart to act as a resistance.
Conversely, if there is no upside break above the $240 resistance, the price may resume its slide. An immediate support is near the $225 level, below which it could test the $220 level. If there are more losses, the price could revisit the $212 swing low in the near term.

Looking at the chart, Ethereum price is slowly recovering, but there are many hurdles on the upside near $235, $240 and $255. Therefore, sellers remain in action in the short term unless the bulls gain strength above $240 and $255.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD failed to stay above the 50 level and is currently moving lower.
Major Support Level – $220
Major Resistance Level – $240
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Bitcoin Price (BTC) Breaks Key Support: $8,800 Bearish Target Could Be Real

Bitcoin price extended its declined and broke the key $10,800 support level against the US Dollar.
The price even broke the last swing low and a major support area near the $10,500 level.
There is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price remains in a strong target and it seems like the $8,880 bearish target seems real.

Bitcoin price started a fresh decline below the $10,800 support against the US Dollar. BTC is currently correcting higher, but the $10,800 level is likely to act as a sell zone.
Bitcoin Price Analysis
In the past few days, there were heavy losses in bitcoin price below the $11,000 support against the US Dollar. The BTC/USD pair even broke the key $10,800 support area to extend its decline. Finally, there was a break below the last swing low and a major support area near the $10,500 level. The price settled below the $10,800 level and the 100 hourly simple moving average. A swing low was formed near the $9,784 level and the price is currently correcting higher.
More importantly, it seems like the $8,880 bearish target (as discussed in the weekly forecast) is now in sight. In the short term, there could be an upside correction above $10,200. The price is currently trading near the 23.6% Fib retracement level of the recent drop from the $11,466 high to $9,785 low. However, there are many resistance levels on the upside near the $10,500 and $10,600 levels.
Moreover, there is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD pair. The 50% Fib retracement level of the recent drop from the $11,466 high to $9,785 low is just below the trend line. The main resistance is near the $10,800 level (the previous support area). To start a strong recovery, the price must settle above $10,800 level.
On the downside, an immediate support is near the $10,000 level, below which the price may retest the $9,780 level in the near term. If there are more losses, the price may continue to slide towards $9,500 and $9,200.

Looking at the chart, bitcoin price is clearly in a downtrend from the $13,200 yearly swing high. If the bears remain in action, it seems like the $8,880 bearish target (as discussed in the weekly forecast) could be test in the coming days.
Technical indicators:
Hourly MACD – The MACD is likely to move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still well below the 40 level.
Major Support Levels – $10,000 followed by $9,750.
Major Resistance Levels – $10,500, $10,620 and $10,800.
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Crypto Market and Bitcoin Signaling More Downsides: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is down more than $50.0B and it recently tested the $255.0B support.
Bitcoin price is down more than 10% and even spiked below the $10,000 support level.
EOS price broke the $4.50 support level and traded towards the $4.20 support zone.
BCH price is down around 20% and it even traded below the $300 support level.
Tron (TRX) price jumped around 10% and is currently trading above $0.0350.
Cardano (ADA) price broke the key $0.0700 and $0.0600 support levels.

Bitcoin price declined heavily below $10,500 and the crypto market cap is down around $50.0B. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB declined between 10%-25%.
Bitcoin Cash Price Analysis
After this past week’s downside break, bitcoin cash price started a major decline below the $360 support against the US Dollar. The BCH/USD pair even broke the $320 and $300 support levels to enter a major downtrend. The price is down around 20% and it is currently trading near the $280 level.
If the price continues to move down, it could trade towards the next major support near the $250 level. On the upside, the previous supports near $300 and $320 are likely to act as hurdles in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price was down more than $2.00 in the past few days. The price even broke the $5.000 and $4.500 support levels. It traded towards the $4.200 support level and it is currently correcting higher. On the upside, there is a strong resistance forming near the $4.500 and $4.600 levels.
Tron price is down around 15% and it recently broke the key $0.0320 and $0.0300 support levels TRX price even traded below the $0.0260 support and tested the $0.0240 level. It seems like the price may extend losses towards the $0.0225 support area.
Cardano price is under a lot of pressure and it recently broke the $0.0700 and $0.0600 support levels. ADA price is down 13% and is trading near the $0.0580 level. The next key support is near the $0.0560 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a significant downside break below the $315.0B and $300.0B support levels. The market cap declined more than $50.0B recently and moved towards the $255.0B and $250.0B support levels. A swing low was formed near $254.0B and the market cap is currently correcting higher. However, there are many important resistances on the upside near the $275.0B and $280.0B levels. Therefore, an upside recovery in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins is likely to remain capped in the near term.
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Ripple Price (XRP) Holding Ground While Ethereum & Bitcoin Takes Hit

Ripple price broke the key $0.3200 support level to extend losses against the US dollar.
The price even spiked below the $0.3000 support area and traded to a new monthly low at $0.2955.
There is a major bearish trend line forming with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price could correct higher, but it is likely to face sellers near $0.3150 and $0.3200.

Ripple price remained in a bearish zone against the US Dollar, but recovered vs bitcoin. XRP price might continue to decline and it is likely to test the $0.2850 support area.
Ripple Price Analysis
Recently, there were heavy losses in bitcoin and Ethereum, but ripple price declined less against the US Dollar. The XRP/USD pair remained in a bearish zone and broke the key $0.3200 support level. The pair even broke the $0.3000 support level and settled well below the 100 hourly simple moving average. Finally, the price traded to a new monthly low at $0.2955 and it is currently consolidating losses.
An immediate resistance on the upside is near the $0.3050 and $0.3080 levels. The 23.6% Fib retracement level of the recent decline from the $0.3510 high to $0.2955 low is also near the $0.3080 level. If there is an upside break above the $0.3080 level, the price could trade towards the $0.3200 resistance. The stated $0.3200 level was a support earlier and now it is likely to act as a strong resistance.
Moreover, there is a major bearish trend line forming with resistance at $0.3200 on the hourly chart of the XRP/USD pair. The 50% Fib retracement level of the recent decline from the $0.3510 high to $0.2955 low is the next resistance near the $0.3220 level. Therefore, to start a decent recovery, the price must move back above the $0.3200 and $0.3220 resistance level.
On the other hand, if the price fails to correct above $0.3200 or $0.3220, there could be more losses. An immediate support is near the $0.2950 level, below which the price may even break the $0.2900 level.

Looking at the chart, ripple price is clearly trading in a bearish zone below $0.3200 and the 100 hourly SMA. In the short term, there could be a minor upward move, but the bulls might struggle near the $0.3200 level. It seems like the price could extend losses and test the $0.2850 support level before a fresh recovery.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 40 level.
Major Support Levels – $0.2950, $0.2900 and $0.2850.
Major Resistance Levels – $0.3080, $0.3200 and $0.3220.
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