29 Oct Bitcoin $9334, Ripple $0.2974 & Ethereum $180. Cryptocurrencies price prediction – Europ…
[ad_1]
Bitcoin (BTC) has entered a consolidation phase after wild gyrations of the previous week. At the time of writing, BTC/USD is changing hands at $9,334, mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. A failed attempt to break above SMA5100 (Simple Moving Average) daily tamed down bitcoin bulls and allowed traders to take a breath.
Ripple’s XRP is changing hands at $0.2974, mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. The third digital asset with the market value of $12.8 billion failed to hold the ground above critical Resistance of $0.30 and retreated to the previous range.
Ripple’s XRP confluence levels
Looking technically, the recovery is capped by $0.30. This barrier is strengthened by the upper line of the daily Bollinger Band. XRP bulls will have to clear this hurdle to neutralise sellers and create favorable conditions for the recovery. Let’s have a closer look…
[ad_2]
Source link