Bitcoin, Ripple & Ethereum – Asian Wrap 11 May

Bitcoin Price Analysis: BTC/USD holding above ascending channel support as $9,000 beckons a day to 2020 halving

The cryptocurrency market has stabilized following a gruesome weekend session, especially on Sunday. Bitcoin dropped like a stone in the air from levels close to $10,000 to the extent that it tested $8,100. The devastating fall rubbed off on other cryptos such as Ethereum and Rippled which spiraled to $180 and $0.1750 respectively.

 

Ripple Price Analysis: XRP/USD stuck in a range under $2.0, is a breakout in the offing?

Ripple price was victim to the selloff across the market on Sunday. Like deadweight, XRP spiraled below last week’s key support range between $0.2050 and $0.2100. The lower leg was extended under $2.0 where a new weekly low was formed at $0.1750 (now key support area).

 

Ethereum Price Analysis: ETH/USD battles the 50% Fibonacci resistance, just how long will consolidation last?

Ethereum price fell in tandem with Bitcoin plunge over the weekend. The second-largest coin spiraled below key support areas including $200, $195 and $190. Bearish action extended farther down and tested support at $180 before a reversal came into the picture.