Breakdown

The bulls are unrelenting as the price rebounded at a low of $0.17950 to push XRP out of the range-bound zone. Since the last breakdown at the low of $0.12, the bulls have been pushing XRP to the previous highs.

Despite the latest breakdown to a low of $28, Litecoin is making positive moves to revisit previous highs. The bulls have moved the price to a high of $44.

Ripple has ranged at the bottom of the chart for the past two weeks. It is unlikely the selling pressure will continue.

On March 12, Litecoin dropped sharply from a high of $50 to a low of $28. The bulls subsequently pulled back but were resisted at $38. The pair was compelled to a sideways move between the low of $28 and the high of $38.

After the last bearish impulse on March 12, Ripple dropped to a low of $0.12 but moved up to resume consolidation. The breakdown was from the previous high of $0.20 to a low of $0.12. The bulls made an initial effort to make an upward move but were resisted at $0.17. With this resistance, the selling pressure will be at a lower price range.

Bitcoin Cash has a breakdown as it falls from a high of $350 to a low of $250 on March 7. The market has remained in consolidation since after the breakdown. All the positive moves to breach the breakout level of $360 were dashed. The downtrend has broken important support levels like $306 and $270.

Today, Bitcoin is now trading and consolidating above $7,800 after a disappointing fall from the $9,200 resistance. The bulls have earlier attempted to breach the resistance at $9,200 before they were repelled. Now from the current support, will BTC continue its downward move? Yes, based on the previous price action. Nevertheless, at this moment, it is unlikely because BTC is already in the oversold region of the market.

Surprisingly, after an impressive upward move to a high of $64, the bears struck and a breakdown occurred. From a high of $64, the downward move extended to a low of $48. At the low of $48, the bulls pulled back above $50.

In the previous analysis, Ripple was in a period of consolidation above $0.24 for almost two weeks. On March 7, the consolidation was broken by the bears. Ripple fell to the low of $0.20 and resumed another round of sideways movement. Nevertheless, at the breakdown point of fall, the price reached the oversold region.