Testing

Ripple has consistently dropped within the last 48 hours. After its consolidation over the previous support of $0.24 for two weeks, XRP dropped to a low of $0.20. Currently, the bulls have been making concerted efforts to defend the support at $0.20 since March 8. Buyers make an upward move to a high of $0.21 but face resistance.

Ripple is faced with a setback as the bears erase all the bullish gains. The bulls had earlier moved up to a high of $0.34 after rebounding from the low of $0.28. Similarly, the bulls could have risen above $0.40, if they were successful above the resistance of $0.34.

Finally, the bulls have broken above the $0.2879 resistance after days of consolidation. The coin is approaching the high of $0.32321. This will be the first time the coin will be trading above $0.31 price level since July 2019. This is an impressive move as XRP will be forming a new uptrend. The bulls are testing the historical price level of $0.32321 in July.

Today, Ethereum is falling as a confirmation of its oscillation between $157 and $173. The price movement has remained the same since January 19. The price is on the downward move after its resistance at $170. The fall is supposed to extend the low of $157 and then the sideways move will follow. Nonetheless, if the bears break the support at $157, Ethereum will decline to a low of $144 or $136.

Currently, BCH is fluctuating over $187 after testing the $200 supply zone. Previously, BCH had traded in the previous price range before its eventual breakdown. Two days ago, the bulls were unsuccessful at breaking the $200 resistance. The coin was resisted and it retraced to the $187 low.

Disappointingly, the pair was repelled after testing the  $7,600 resistance and slumped to $7,200. It appears the buying power of the coin is not sufficient at the upper price level to propel the coin. Assuming the market is ready; a break over $7,800 will achieve a minimum target of $9,200. Once more, if the uptrend is sustained above $9,200, there is no doubt the coin will surpass the $10,000 mark.

Ethereum is heading southward after testing the $151 and $157 price levels. Ethereum may revisit or breach the previous low at $140.

The coin has continued to fall to a bullish falling wedge pattern. The price pattern widens from the top, and contracts as Bitcoin continues its downtrend. As Bitcoin falls and slopes down, this pattern may eventually reverse the current trend. Three days ago, the pair reached a high of $7,800 and began another downward move.

Bitcoin Cash is under pressure with bears bent on breaking the support at $200. Since a week ago, sellers have been consistently testing the support to break it.