Downtrend

Ripple has failed to sustain its uptrend after the previous decline on August 2. In that case, XRP fell to $0.27. Thereafter, buyers responded to resuscitate XRP by pushing the price upward.

Despite the recent downtrend of Ripple, the crypto has almost recovered from the sudden downturn. On May 2, XRP had earlier plunged from the high of $0.325 to $0.24 low.

Today, buyers attempted to retest the $60 high but were repelled. Before now, the price has been retesting the resistance soon after LTC fell in value on August 2.

Yesterday, buyers were able to push EOS above the $3.10 overhead resistance as the market shot up to $3.30 high. This is a positive move as the bulls were able to break the three months old resistance level.

Today, Ripple has successfully breached the overhead resistance of $0.235 and rallied above $0.24 high.

Litecoin has made an impressive move to the high of $46 after a strong bounce on July 21. Buyers have already retested this price level on July 8 in the first uptrend.

Bitcoin Cash has rebounded twice above the $220 support to move up after the recent breakdown. In the first rebound, the price reached a high of $228.

Bitcoin bulls have continued to hold the $9,000 and $9,100 support as the king coin consolidates slowly above the $9,200. For the past week, Bitcoin is stuck between $9,100 and $9,300.

According to the previous analysis, Ripple has rebounded again at a low of $0.185 to reach a high of $0.205. XRP has earlier rebounded to break the price range between $0.17 and $0.18.