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February 25, 2021
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Guide & Analysis

Price forecast: Bitcoin, Ripple (XRP) and Monero (XLM)

Bitcoin price analysis: BTC / USD moves forward to flirt with 9K again

The BTC rose more than 3.5% on Tuesday after Monday’s halving. Bitcoin prices were expected to skyrocket higher by some analysts. Although there was no high price, today’s high was not exactly bad.

On a technical note, the price found some support just ahead of the 8K level and before the two main moving averages, 55 (exponential) and 200 (simple). The bulls are now looking to see if the 10K resistance can be eliminated.

The two moving averages mentioned above can also turn to the positive side.

Ripple price analysis: XRP / USD bears wait at $ 0.2000 – Confluence detector

The price of XRP remains below $ 0.2000 after a failed attempt to remove this essential barrier. The third largest digital currency reached an intraday high of $ 0.2001, before new sales took the price to $ 0.1980. The XRP / USD has remained virtually unchanged on a daily basis and has gained almost 3% since the start of Tuesday.

The intraday chart shows that the RSI points upwards, although it is still below 70 (overbought zone). This means that the currency may resume attempts at recovery in the near future.

Monero price analysis: XLM breaks the top to break the 4-hour EMA 55

The 4-hour chart on the XLM shows another bullish momentum on the upside and perhaps even a 0.70 area test. There was a massive support zone, and the price rebounded in the psychological area of ​​0.060. We also have the simple 200-period moving average and the Fibonacci extension (not shown in the graph).

Now, the price is rising, there are some resistance zones to be observed. First, 0.070 was sticky. The previous consolidation had considered this the central point of the area. In addition, the purple line on the trend line can be a bit complicated, and if that interrupts a bull test, we may see a problem arise.

Source: FXStreet

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