Top 5 Crypto Performers Overview: Binance Coin, Bitcoin SV, Ripple, Dash, Litecoin

The crypto markets are showing signs of bottoming out.

Currently, the price is close to the critical overhead resistance of $12. A break out of this can carry the pair towards the next target of $15, and above it to $18.On the other hand, if the bulls fail to scale and sustain above $12, a few days of consolidation or a minor dip cannot be ruled out.

While short-term traders can buy on a breakout above $12, the long-term players can wait for a minor dip to enter.

If the price closes above $71.412, it will be likely to rally to $123.980.Conversely, if the pair breaks down of the immediate support at $58.072, a drop to the low at $38.528 will become probable.

If the price breaks out and sustains above $47.2460, it will indicate a probable bottom.

Traders can buy on a weekly close above $47.2460, and keep a stop loss below $29 initially.

The target to watch on the upside is $69, and above it $94.However, if the digital currency fails to sustain above $47.2460, it can again turn down and correct to $40, and below it to $29.XRP/USDRipple got listed on the Coinbase Pro trading platform on Feb. 25.

Nasdaq is also planning to list a separate index tracking the price of Ripple.

A breakout of the 20-week EMA is likely to attract buying that can propel the price towards $175, and above it to $224.On the other hand, if the price fails to break out of the resistance of the range, it will consolidate for a few more weeks.

The trend will turn negative if the bears push the price below the support of $56.214.