Bitcoin Trading in a Range Below USD 21,500, Ethereum Consolidating Gains, XRP Rallies
Bitcoin price remained stable and settled above the USD 20,500 support. BTC is currently (11:38 UTC) attempting a clear move above the USD 21,200 resistance zone. A clear move might set the pace for a move towards USD 22,500.
Similarly, most major altcoins are slowly moving higher. ETH is consolidating gains near the USD 1,150 level. XRP jumped 14.4% and surpassed the USD 0.374 level. ADA is still struggling to clear the USD 0.5 resistance.
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After a move above the USD 20,500 level, bitcoin price climbed above the USD 21,000 level. It even spiked above the USD 21,200 level. However, the price stayed below USD 21,500 and started trading in a range. The next major resistance is now near USD 22,000. A close above the USD 22,000 level could set the pace for a test of the USD 22,500 resistance.
On the downside, an immediate support is near the USD 20,500 level. The next major support is near the USD 20,000 zone, below which the price could face an increase in selling pressure.
Ethereum price remained in a positive zone above the USD 1,050 level. ETH was able to clear the USD 1,120 and USD 1,150 resistance levels. It is now consolidating gains and might rise towards the USD 1,200 level. The next major resistance is near USD 1,250, above which the price could gain bullish momentum.
On the downside, an initial support is at USD 1,120. The next major support is near USD 1,050, below which the price could decline sharply.
Cardano (ADA) made an attempt to clear the USD 0.50 resistance. However, it faced sellers and started trading in a range. If there is a downside correction, the price might test USD 0.465.
BNB settled above the USD 230 resistance level. The next major resistance is near the USD 242 level. A
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