The uptrend could pick up momentum after the bulls push the price above $421.XRP/USD. XRP attempted to rise above the $0.2295-$0.26 range on Oct. 21 but the bulls could not close the price above $0.26.
If the bulls can push the price above $280, a move to $300 is possible.
If the bulls can push the price above $31.9798, a retest of the 52-week high at $33.3888 is possible.
The bulls will now try to push the price above the overhead resistance at $4.6112.
A close above this resistance could drive the price to $5.5899.
If the bulls purchase the dip to this zone and the price recovers sharply, it will suggest that the zone may act as a floor in the future.
The bulls have failed to push the price above the immediate resistance at $0.1142241, which shows a lack of demand at higher levels.
If the buyers can propel the price above the wedge, the ADA/USD pair could start an up-move that may reach $0.01445.
Although the bulls had pushed the price above the triangle on Oct. 22, they could not sustain the higher levels.
Conversely, if the pair rebounds off the uptrend line, the bulls will once again attempt to push the price above the triangle.
Price analysis 10/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV
Publié le Oct 23, 2020
by Cointele | Publié le Coinage
Coinage
Mentionné dans cet article
Nouvelles récentes
Voir tout
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.