Research

Tezos (XTZ) has been making an upward move for the past four days. The crypto is facing another rejection at the $2.40 resistance.

Following the breakdown and subsequent correction, Ripple (XRP) has been on a downward move. The price was making a series of lower highs and lower lows.

First and Foremost, Binance Coin has been in an uptrend after the breakdown in March. In January, the coin had an opening balance of $13.65. This amount rose to $27.51 in February.

Bitcoin Price is making a comeback after recovering from the low of $17,629. After the initial rejection at $19,500, the bulls have broken the initial resistance as the price reached a high of $19,828. Certainly, there are possibilities of more upsides as the bullish momentum is sustained.

Bitcoin Cash bulls have been struggling to push the price into the previous highs of $320 and $360. BCH has earlier attained the previous highs in November but was rejected.

Ripple is the third most valuable crypto which started the year with $0.19. In the first quarter of 2020, the crypto rose to $0.34 high but plunged to $0.11 in March.

Ripple has resumed a sideways move after it was resisted at the $0.66 resistance. XRP was repelled twice after the recent rally.

Since December 1, Bitcoin Cash has been consolidating between $280 and $300 after the bulls failed to break the $320 resistance level. The bulls have earlier been repelled at the $360 overhead resistance.

Today, Ripple is falling and trading at $0.58 at the time of writing. The coin is falling to retest the previous low at $0.57 or perhaps it may further decline.