XRP Price Steals Show From Bitcoin and Ethereum, MKR Rises
- Bitcoin price is eyeing an upside break above $19,600.
- Ethereum could surge above $1,350, XRP rallied over 10% and spiked above $0.50.
- LEO and MKR are showing bullish signs.
Bitcoin price has managed to stay above $19,000 and is currently consolidating and facing resistance near $19,600. A clear move above $19,600 and $19,650 resistance levels might start a strong upward move higher.
Similarly, most major altcoins are eyeing more upsides as well. ETH could gain bullish momentum if it clears $1,350. XRP rallied and even spiked above the $0.50 resistance. ADA is struggling to gain pace above the $0.435 level.
In the past few sessions, the bitcoin price consolidated above the $19,000 level. BTC even remained stable above the $19,200 level and the 50-hour simple moving average. On the upside, the bears are active near the $19,650 zone. A clear move above $19,650 could indicate a further rally is on the cards. The next major resistance is near $20,000, above which the price has little resistance until $20,500.
If BTC fails to break above $19,650, the price may retrace lower. Immediate support can be found near the $19,400 level and the 50-hour simple moving average. The next major support is near the $19,300 zone and a connecting bullish trend, below which the price could gain bearish momentum.
Ethereum price also settled above the $1,300 level and is showing positive signs above the 50-hour simple moving average. However, it is facing resistance near the $1,350 level, above which the price could consolidate and rally higher. The next major resistance is near the $1,400 level, with the next notable zone at $1,450.
On the downside, initial support is near the $1,320 level on a connecting bullish trend line. Below that there is support at $1,300 and $1,255.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is still struggling near the $0.435 level. ADA needs to get above $0.45 and consolidate to rise higher.
BNB is eyeing more gains above the $285 level. An immediate hurdle is near the $288 level, above which the price could rise to $295 or even $300.
Solana (SOL) is approaching the $34.50 level. The first major resistance is near $35, above which the price may rise to $36.50 if the momentum continues.
DOGE is slowly moving higher above the $0.0600 level. The first hurdle is near the $0.062 level, followed by $0.0632. A further rally could lead the price towards $0.065.
XRP price started a strong rally above the $0.45 resistance. The price even spiked above the $0.50 level and is currently consolidating. The main support now sits at $0.455.
Other altcoins market today
Many altcoins are slowly moving higher, including LEO, MKR, XLM, QNT, EGLD, FLOW, UNI, LUNC, ALGO, MATIC, and OKB. Out of these, MKR rallied over 8% and broke above the $770 level.
To sum up, the bitcoin price is consolidating near the $19,200 zone. To start a strong rally, BTC must clear the $19,650 and $20,000 resistance levels.
Yesterday we also reported on a new coin listing that could potentially rival the top meme coins like Shiba Inu.