BTC AND XRP – INCREASE SEEN BUT COULD STILL BE CORRECTIVE
BTC/USDFrom yesterday’s low at $12771 the price of Bitcoin has increased by around 5% as it reached slightly below $13400 where it’s currently being traded. The price is in an upward trajectory after some days of consolidating but as it was doing so in an ascending range this could be the continuation of that ascending structure.
XRP/USDThe price of Ripple has increased by 3.48% from yesterday’s low at $0.2443 and is currently being traded at $0.25193. This rise has pushed to price up to its minor resistance level which was the previous horizontal support and is now testing. The price found support on the ascending channels support level but dipped slightly below it at the intersection with the $0.24730 which could be interpreted as a bullish sign.
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