Demand

Ripple (XRP) is making an impressive move but may face resistance at $0.23.

Ethereum is out of the lower levels of price as it breaks the resistance at $150. Ethereum is expected to trade within the range-bound zones.

Regrettably, the pair shows no signs of recovery below the price at $150 and $160. Yesterday, the coin made a pullback and retested the price at $150 resulting in further depreciation. A retest is a confirmation that the bearish trend is ongoing. The bears have capitalized on this to sink the coin to the previous low.

The coin has continued to fall to a bullish falling wedge pattern. The price pattern widens from the top, and contracts as Bitcoin continues its downtrend. As Bitcoin falls and slopes down, this pattern may eventually reverse the current trend. Three days ago, the pair reached a high of $7,800 and began another downward move.

Ripple (XRP) trades above the $0.22 support level. Ripple price may rally above $0.24 if more buyers come in at $0.22 price level.

XRP survived the recent decline but the coin is still under pressure in the bearish trend zone. The coin jumped from the low of $0.20 to $0.22 just in two days but struggles below the $0.23 resistance level.

The BTC/USD pair is in a sideways trend above the $7,000 price level. Bitcoin may go up to $7,700 as the falling wedge pattern forms.

XRP experiences aggressive selling as the market falls to a low of $0.20. A sideways trend is expected at the bottom of the chart

Ethereum drops to the support at $140 as bulls and bears tussle over the price. The pair reaches the oversold region as selling continues.