The first target on the upside is $97.9733 and above it $121.427.XRP/USD. After record sales of $251.51 million worth of XRP in Q2 2019, Ripple has drastically reduced the sales in Q3 2019 to $66.24 million, which is a drop of 73.66%. The company said that the XRP sale rate is similar to the inflation rate in Bitcoin and lower than of Ether and Litecoin.
The XRP/USD pair broke above the 20-week EMA but is finding it difficult to sustain above it.
If the pair can sustain above the downtrend line, a new uptrend is likely.
Long-term traders can buy on a close above the downtrend line and keep the stop loss just below the recent low.
The BSV/USD pair has been holding above the $80 support for the past three weeks.
Conversely, if the bulls push the price above $107 and sustain it, the pair might extend its recovery to $138.950 and above it to $188.690.
We will wait for the pair to sustain above $107 before proposing a trade in it.
Aggressive traders can wait for the price to close above $1.05 before buying.
If the bulls can propel in the BNB/USD pair above the channel, it will be a positive sign and will point to a change in trend.
Contrary to our assumption, if the bulls fail to scale above the resistance zone, the bears will attempt to sink the pair below the critical support of $14.2555.
Top-5 Cryptos This Week: XMR, XRP, BSV, LEO, BNB
gepubliceerd op Oct 20, 2019
by Cointele | gepubliceerd op Coinage
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