Bitcoin Price and Ethereum Struggle Into Bottom of Resistance Zone, XRP Outperforms

cryptonews.com:

Bitcoin price started an upside correction above the $19,000 level. BTC is currently (11:10 UTC) struggling to clear the $19,620 resistance. A clear move above $19,620 might send the price towards $20,000 or even higher.

Similarly, most major altcoins are facing hurdles. ETH is facing resistance near the $1,390 and $1,400 levels. XRP outperformed and might soon test the $0.40 resistance. ADA is struggling to gain momentum above the $0.45 zone.

After a recovery wave above the $19,000 zone, bitcoin price spiked above the $19,500 resistance. However, BTC struggled to clear the $19,620 resistance zone. It slowly moved lower below the $19,500 level and the 50-hour simple moving average. On the downside, an initial support is near the $19,100 level. The next major support is near the $18,870 zone, below which the price could revisit $18,250 support zone.

On the upside, the price is facing resistance near the 50-hour simple moving average. The next major resistance sits near the $19,500 zone, above which the price might rise towards the $20,200 resistance zone.

Ethereum price also followed a similar pattern above the $1,320 level. ETH cleared the $1,350 resistance and the 50-hour simple moving average. However, the bears were active and the price failed to test the $1,400 resistance zone. If there is a fresh decline, the price might test the $1,345 support. The next major support is $1,320, below which price could revisit $1,275.

On the upside, there is a bearish trend line with resistance at $1,365. The next major resistance is now forming near the $1,400 level.

Cardano (ADA) is currently struggling to settle above the $0.450 zone. The next major resistance is near $0.465, above which the price may perhaps accelerate higher.

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