5.4 C
25 February 2024
Image default

Cryptocurrencies Price Prediction: Ethereum, Ripple & Cardano – European Wrap 20 July

Ethereum Price Prediction: ETH/USD bullish setup to $250 – Confluence Detector

Ethereum recovered from last week’s lows at $228 over the weekend. A few seller congestion areas were broken including $235. ETH/USD closed in on the hurdle at $240 but the resistance from a descending trendline put a limit to the bulls’ effort. Instead, the largest altcoin settled for consolidation around the 61.8% Fibonacci retracement level taken between the last swing high of $249.12 to a swing low at $223.30.

ETH/USD price chart

Ripple market update: XRP/USD now available at FTX spot markets

XRP/USD is changing hands at $0.1985. The coin attempted a move above $0.2000 during early Asian hours but failed to hold the ground amid low trading activity. At the time of writing, XRP/USD is moving within a short-term bullish bias, mostly unchanged both on a day-to-day basis and since the beginning of Monday. 


Cardano Price Analysis: ADA/USD struggles with trendline resistance

Since Cardano tested $0.14, its market has been dominated by declines and consolidation. The cryptoasset’s upside is limited by a descending trendline. Moreover, it is becoming difficult to hold onto higher support areas such as $0.1325, $0.13 and $0.1250. At some point, the price action slipped under $0.12 support. However, at the time of writing, ADA/USD is dancing at $0.1226.

ADA/USD price chart

News Source

Related posts

Pro-XRP attorney predicts the altcoin’s rally to $2 ahead of SEC vs. Ripple verdict


Jed McCaleb former CTO of Ripple Sells 80 Million XRP in Past Two Weeks, 647 Million Remains on His Balance


Why XRP Holders Could Be Key In Lawsuit Against Ripple Labs