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Ethereum Price Breaks Out With 15% Rally — $1,800 Resistance Under Pressure

Ethereum price started a fresh surge above the $1,650 resistance. ETH is now showing positive signs and might attempt to clear the $1,800 resistance. Ethereum started a fresh rally above the $1,650 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Starts Fresh Rally Ethereum price remained stable above the $1,550 level and started a fresh increase, like Bitcoin . ETH traded above the $1,620 and $1,650 levels. The bulls even pumped the price above the $1,700 level. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD. The pair even tested the $1,800 zone. A high was formed at $1,803 and the price is showing signs of more gains above the 23.6% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high. Ethereum price is now trading above $1,700 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $1,800 level. The next key resistance is near the $1,820 level. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $1,800 resistance, it could start a fresh decline. Initial support on the downside is near the $1,765 level. The first major support sits near the $1,710 zone. A clear move below the $1,710 support might push the price toward the $1,700 support. Any more losses might send the price toward the $1,685 support level and the 50% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,710 Major Resistance Level – $1,800 CoinTurk News

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XRP Price Momentum Spikes — $2.25 Break Could Spark Bigger Rally

XRP price started a fresh increase above the $2.150 zone. The price is now consolidating above $2.20 and might clear the $2.250 resistance. XRP price started a fresh increase above the $2.120 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if it clears the $2.250 resistance zone. XRP Price Gains Strength XRP price started a recovery wave above the $2.0650 and $2.10 resistance levels, like Bitcoin and Ethereum . The price traded above the $2.120 and $2.150 levels to start a decent increase. The bulls even pushed the price toward $2.250 before the bears appeared. A high was formed at $2.2490 and the price started a downside correction. There was a move below the $2.2350 and $2.2220 support levels. The price even tested the 23.6% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. However, the bulls protected the $2.20 support. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.2450 level. The first major resistance is near the $2.250 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Decline? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level and the trend line. The next major support is near the $2.150 level and the 50% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.080 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.20 and $2.150. Major Resistance Levels – $2.250 and $2.350. CoinTurk News