Bitcoin, Ethereum, and XRP sit at a make-or-break point

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The rally took Bitcoin, Ethereum, and XRP to a pivotal point in their trend.

A spike in demand around the current price levels could lead to the breakout of such a significant resistance level.

Due to the significance that the current price level has on Bitcoin's trend, the area between the 100-day and the 128-day moving average is a reasonable no-trade zone.

Closing below the 100-day moving average could lead to a steeper decline taking BTC to test the 50-day moving average at $7,450.

Breaking above the 128-day moving average could signal the beginning of a new uptrend.

Currently, Ethereum is sitting on top of the 78.6 percent Fibonacci retracement level as well as the 50-day moving average.

Despite the high level of support, an increase in sell orders could push Ethereum down to $134. Meanwhile, a further increase in demand could take it to test the 100-day moving average at $159.XRP. The TD sequential indicator presented a buy signal in the form of a red nine on XRP's 1-week chart.

Based on the 1-day chart, it seems like the 50-day moving average is serving as significant support for XRP. If this support level continues to hold, a spike in the buying pressure behind this crypto could allow it to surge.

A bullish impulse may take XRP to test the 100-day or the 200-day moving average, sitting at $0.243 and $0.271, respectively.

Willy Woo, an on-chain analyst and partner at Adaptive Capital, recently stated that Litecoin's price action could be used as a "Confirmation signal" of where Bitcoin is heading next.

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