Bitcoin and Ethereum Consolidate Gains, XRP Surges
Bitcoin price gained pace after it settled above the USD 41,200 level. BTC even cleared the USD 42,500 level but faced sellers near USD 43,000. It is currently (11:54 UTC) consolidating and the bulls might eye a fresh increase above USD 43,000.
Similarly, most major altcoins are consolidating gains. ETH is trading in a positive zone above USD 3,000. XRP rallied above the USD 0.735 and USD 0.750 resistance levels. ADA spiked towards USD 1.20 before correcting lower.
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After a strong upward move, the bitcoin price was able to settle above USD 42,000. BTC even surpassed the USD 43,000 resistance zone. However, the price is now facing resistance near USD 43,000. A close above the USD 43,000 level might start another increase. The next major resistance sits near the USD 43,500 level, above which the price could rise to USD 44,200.
On the downside, immediate support is near the USD 42,000 level. The next key support is USD 41,200, below which the price could slide to USD 40,000.
Ethereum price settled above the USD 3,000 level, with a bullish angle. ETH even spiked above USD 3,100, but there was no upside continuation. The key hurdle is near USD 3,120, above which the price could accelerate higher towards the USD 3,350 level.
Initial support is near the USD 3,020 level. The next major support is near USD 3,000, under which the price may perhaps test USD 2,880.
Cardano (ADA) gained pace for a move above the USD 1.175 level. It even surged above USD 1.188 level, but there was no test of USD 1.20. ADA is now consolidating near USD 1.18, with a major support at USD 1.165.
Binance coin (BNB) is stuck near the USD 426 level. An immediate resistance is near the USD 432 level. A clear move above USD 432 might send
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