Downtrend

Following its impressive bullish run and rally to $620 high, Ethereum faces strong selling pressure from the recent high.

Ripple bulls have recovered from an earlier downtrend as the coin rebounded on November 19 to rally above $0.305 resistance. In other words, the bulls buy the dips to push XRP above the $0.305 high.

Ripple (XRP) price analysis, November 19, 2020. For the past week, Ripple has been making positive moves up to November 17 when it reached a high of $0.305.

Yesterday, the bulls retested the $260 minor resistance but failed to break above it. The retest was counterproductive as bears were seriously defending the resistance zone. Consequently, today, BCH plunged to a low of $241 but the price corrected upward.

Following its rejection at the $280 high, BCH has been falling consistently on the downside. Nevertheless, on November 10, the coin resumed sideways move after falling to the low at $256.

On November 6, Litecoin's impressive run to $64 high has created a bearish reaction. On November 7, the coin plunged to $57 low. The bulls responded promptly to push the price to $62 high.

On November 5, XRP rebounded as price rallied above the SMAs. This rally resulted in a continuous retest of the $0.26 overhead resistance. On November 7, the bulls retested and broke the overhead resistance as the price reached a high of $0.267.

Today, Binance Coin is trading at $27.72 at the time of writing. Buyers have failed to push BNB above the $32 overhead resistance since September 13.

On November 3, Ripple dropped to the low at $0.2275 after a prolonged downtrend. Before now, XRP has been range-bound between $0.23 and $0.26.