Bitcoin, Ether, Ripple Analysis - Support Needs to Hold | Webinar
CRYPTOCURRENCY PRICES, NEWS AND TECHNICAL ANALYSIS
- ETF market ‘noise’ has died down for now.
- Latest sell-off needs to consolidate if prices are to move higher.
CRYPTOCURRENCY PRICES MOVE LOWER
Cryptocurrencies across the board fell, led by recent market outperformer Bitcoin, in quiet market conditions with little of note to explain the sell-off. A rumoured large sell order on Tuesday was countered by a large buy order later in the session but the net effect was Bitcoin (BTC) back at lows last seen one week ago. Most of the top 6 cryptos are now close to noted support levels which need to hold if the market wants to turn higher.
Ripple (XRP) yesterday bounced off strong support at $0.425 and needs to consolidate above here to move higher. However a break and close below here could see XRP fall all the way back to around $0.20 - $0.25, the starting point of the sharp rally up to the $3.35 area.
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