Downtrend

For the past 48 hours, sellers have been in control of price as the $0.28 support was breached. The $0.28 support has been holding since August 1 but the recent price action has compelled XRP to continue the downward move.

Bitcoin bulls made a positive move and retested the $11,800 resistance on August 24. Buyers failed to push BTC above the resistance level as the king coin suffered another drawdown.

Today, Bitcoin has recovered from the downtrend as it found support above $11,400. BTC is trading marginally as it approaches the $11,800 resistance.

Bitcoin SV has fallen from its peak price of $260 to $190 low. After its decline from the $260 high, the price immediately corrected upward to $240.

Ethereum is currently trading at $393 after sellers breached the crucial support level of $400. The crypto has earlier fallen to $380 and resumed an upward move.

EOS continued its impressive runs yesterday as price rebounded above $3.40. Today, the coin is approaching the high of $4.0.

Today, BTC retraced to $11,300 after facing rejection at the $12,000 overhead resistance. The king coin is likely to repeat the price action of August 2 where BTC plunged to $10,548.

Ripple has failed to sustain its uptrend after the previous decline on August 2. In that case, XRP fell to $0.27. Thereafter, buyers responded to resuscitate XRP by pushing the price upward.

Despite the recent downtrend of Ripple, the crypto has almost recovered from the sudden downturn. On May 2, XRP had earlier plunged from the high of $0.325 to $0.24 low.