Bitcoin and Ethereum Eye Upside Break, XRP Surges
Bitcoin price is trading above the USD 57,000 support zone. BTC already made an attempt to settle above USD 58,000 and it seems like it could make another attempt. It is currently (12:30 PM UTC) trading in a range above the key USD 57,000 support zone.
Similarly, most major altcoins are eyeing an upside break. ETH is approaching the USD 1,800 level and it might gain momentum if there is a break above USD 1,820. Conversely, XRP/USD rallied and it broke many hurdles near USD 0.550.
Total market capitalization
In the past two sessions, bitcoin price mostly traded in a range above the USD 57,000 support zone. BTC is still struggling to settle above USD 58,000. A successful close above USD 58,000 and a follow up move above USD 58,500 might set the pace for a sharp increase. In this case, the price could test USD 60,000.
On the downside, USD 57,200 and USD 57,000 are important supports. A clear break below USD 57,000 might call for a drop towards the USD 55,000 level.
Ethereum price is gaining pace and it is approaching the USD 1,800 resistance. ETH could gain momentum above the USD 1,800 and USD 1,820 levels. In this case, the price may even clear the USD 1,850 resistance zone.
If there is a fresh decline, the USD 1,750 level might act as a strong support. The next major support sits near the USD 1,710 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is showing positive signs above the USD 265 level. If BNB clears the USD 272 and USD 275 resistance levels, the price could gain momentum for a push above USD 280. The next major resistance sits near the USD 288 level. On the downside, the USD 250 level is a major support.
Cardano (ADA) is consolidating above the USD 1.150 level. ADA might accelerate higher if there is a clear break above USD 1.220. The next major resistance is near the USD 1.332 level. On the downside, the price might remain stable above the USD 1.112 level.
Litecoin (LTC) is still struggling to gain momentum above the USD 200 level. If there is a daily close above USD 205, there are chances of a push towards the USD 225 level. On the downside, the bulls might remain active near the USD 180 level.
XRP price outperformed bitcoin and ethereum, as it rallied over 12%. The bulls pushed the price above the USD 0.545 and USD 0.550 levels. The next key resistance is near USD 0.580, above which the price might test USD 0.600. On the downside, the price could find buyers near USD 0.550.
Other altcoins market today
Several altcoins climbed over 8%, including DENT, THETA, SOL, BTT, ONE, TFUEL, KSM, CHSB, CAKE, HBAR, FTM, NPXS, and STX. Out of these, DENT rallied over 50% and it might continue higher.
To sum up, bitcoin price is holding the main USD 57,000 support zone. Having said that, BTC must settle above USD 58,000 and USD 58,500 for a sustained upward move.