Bitcoin price failed to stay above USD 59,000 and corrected lower. BTC is now holding gains above USD 58,000 and it is currently (12:00 PM UTC) showing signs of a fresh increase. If there is a fresh increase above USD 59,000, the bulls might test USD 60,000 or even USD 60,500.
Similarly, most major altcoins might continue higher. ETH is holding gains above the USD 2,080 and USD 2,050 support levels. Besides, XRP/USD continues to outperform and it even surged above the USD 1.00 resistance.
After struggling to stay above USD 59,000, bitcoin price corrected lower. However, BTC is holding the USD 58,000 support level. Immediate resistance is near the USD 59,000 level. The first key resistance is near USD 59,200, above which the price could rise towards the USD 60,000 and USD 60,500 levels.
On the downside, the USD 58,000 level is a decent support, followed by USD 57,800. Any more losses might call for a move towards the USD 57,000 support.
Ethereum price is now consolidating gains above USD 2,100. The first key support is near the USD 2,080 level. Any more losses might call for a test of the USD 2,050 support zone.
On the upside, the bulls are facing resistance near the USD 2,150 level. A clear break above USD 2,150 could set the pace for another 5%-8% rise in the near term.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is up 10% and it is now trading above the USD 385 resistance. BNB is approaching the USD 400 level and it seems like it might continue higher. A daily close above the USD 400 level may possibly clear the path for a push towards the USD 412 and USD 415 levels.
Cardano (ADA) is struggling near the USD 1.205 and USD 1.212 levels. The main resistance is still near the USD 1.220 level. A clear break above USD 1.220 might start a strong surge towards the USD 1.285 and USD 1.300 levels.
Litecoin (LTC) is surging and it even broke the USD 225 resistance level. LTC is now trading above USD 232 and it might soon test the USD 245 and USD 250 levels. On the downside, the bulls might remain active near the USD 225 level.
XRP price outperformed all major altcoins with a strong surge above the USD 0.800 and USD 0.900 levels. It even broke USD 1.00 and it is now hovering around this level. Any more gains could lead the price towards the USD 1.12 and USD 1.15 levels in the coming sessions.
“XRP bulls are drawing on the positivity around Ripple as it continues to push for new frontiers through partnerships to drive its cross-border payments business out of the United States of America,” Konstantin Anissimov, Executive Director at the CEX.IO trading platform, told Cryptonews.com. According to him, at current valuations, the token is also pushing to break its all-time high, set in January 2018, when it traded well above USD 3. “A sustained performance leading to its current breakthrough above USD 1 can see the coin’s investors push the price up to USD 1.5 in the next [few] days and to USD 2.5 in the mid-term,” he added.
Other altcoins market today
Many altcoins climbed over 10%, including BTG, FTM, QTUM, STX, XTZ, BSV, ETC, XLM, NEO, HNT, VET, YFI, FTT, BCH, CEL, and EOS. Out of these, BTG surged over 65% and it cleared the USD 80 level.
To sum up, bitcoin price is showing positive signs above USD 58,000. XRP’s rally dented chances of a fresh surge in BTC and ETH, but both still might continue higher.