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
gepubliceerd op Oct 23, 2020
by Cointele | gepubliceerd op Coinage
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