XRP Surging Towards USD 2, Bitcoin and Ethereum Extend Rally
Bitcoin price started a strong increase above the USD 62,000 level. BTC even broke the USD 63,500 level and it traded to a new all-time high. It is currently (04:00 UTC) showing positive signs and it could soon continue higher above USD 64,000.
Similarly, most major altcoins are gaining bullish momentum. ETH is accelerating gains and it even broke the USD 2,300 level. XRP is also outperforming and it is now trading above USD 1.80.
In the past three sessions, bitcoin price gained bullish momentum above the USD 62,000 level. BTC even broke the USD 63,000 and it traded to a new all-time high above USD 63,800. It seems like the price might continue higher above the USD 64,000 level. The next major resistance is near the USD 64,500 level.
If there is a downside correction, the USD 63,000 level is an immediate support. The next major support is now forming near the USD 62,200 level.
Ethereum price is gaining pace above the USD 2,250 and USD 2,300 levels. ETH traded to a new all-time high near the USD 2,350 level. The current price action is positive and it seems like the bulls are aiming for more gains towards the USD 2,400 level.
On the downside, USD 2,300 level is a major support. Any more losses may possibly lead the price towards the USD 2,265 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is lagging bitcoin, but it is slowly rising above USD 550. BNB is trading above USD 565 and it might continue to rise towards the USD 580 resistance. The next major resistance is now forming near the USD 600 level. The main support is now forming near USD 550.
Cardano (ADA) is up over 10% and it is gaining pace above USD 1.400. ADA is rising and it is trading above USD 1.465. A clear break above the USD 1.50 resistance could open the doors for a strong increase. The next major resistance is near the USD 1.62 level.
Litecoin (LTC) is up 12% and it broke the USD 265 resistance. LTC is now trading above USD 275 and it might attempt an upside break above the USD 280 level. If there is a downside correction, the USD 268 and USD 265 levels might provide support.
XRP price is outperforming bitcoin and it rallied over 25%. The bulls were able to push the price above the USD 1.80 level and it seems like they are aiming for a test of the USD 2.00 level.
Other altcoins market today
Many altcoins gained over 10%, including DOGE, IOST, EOS, BCH, BSV, MATIC, VET, RUNE, TRX, ETC, LINK, XLM, ATOM, LTC, ZEN, QTUM, and HBAR. Out of these, DOGE rallied over 50% and it even broke the USD 0.10 level.
Overall, bitcoin price is gaining pace above the USD 63,000 level. If BTC extends gains above USD 64,000, there are chances of a move towards the USD 65,000 level.
Source – CryptoNews