Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, Kyber Network, Monero

Bitcoin

The resistance at $9,400 was broken effortlessly. Subsequent resistance at $11,000 is currently being tested. Meanwhile, enthusiasm continues, and BTC is eyeing resistance around $11,800. From there, the path to $15,000 could be rather short. It’s important to note that the support at $9,400 hasn’t been retested, and since it was broken, we’ve entered a parabolic movement.

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Ethereum

Against the dollar, resistance at $280 was breached and the price took off to $325 where it met this range’s resistance. If the support at $280 holds, this may be the beginning of a trend reversal.

ETHUSD-min

Against BTC, ETH is approaching support around 0.027 BTC. If it fails to break this level, we would be looking at support located around 0.024 BTC. The resistance in this range lies at 0.03 BTC.

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Ripple

Against the dollar, the attempt to break $0.50 for the first time since December failed. The cryptocurrency pulled back to the support around $0.45.

XRPUSD-min

Against BTC, XRP has returned to a floor in the range of 4,000 sat, which is a critical area of support. If the price breaks below it, we might return to lows unseen since the correction of December 2017. Resistance in this range is located at 4,500 sat.

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Kyber Network

The uptrend against the dollar continues, and a symmetrical triangle pattern is clearly visible. Resistance in this range exists at $0.28, and support is located around $0.24.

KNCUSD-min

Against BTC, a new floor has been created around 2,255 sat, which is also the support at this range. The resistance here is found at 2,700 sat.

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Monero

Against the dollar, Monero has broken the resistance at $100 and is now testing the resistance in the $130 range. Support here can be found around $110, though it hasn’t been fully tested yet.

XMRUSD-min

Against Bitcoin, the XMR price has been relatively stable during the month after the correction and the pullback from the 0.013 BTC to 0.01 BTC range, which is currently acting as support. Resistance can be found at 0.011 BTC.