Bitcoin, Cardano and Ripple – European Wrap 6 August
Bitcoin price witnessed an exponential growth after weeks of downtrend or consolidation. This move retested the range high and retraced momentarily. However, the recent upswing is most likely to push through the said resistance level and tag a crucial supply zone resting above it.
Cardano price ended its explosive moves on July 26, paving the way for a slow and consolidative uptrend. This move has allowed ADA to slice through a crucial resistance level, making way to the subsequent barrier.
XRP price is trading above two critical support levels. A retest of either of these barriers will likely trigger an upswing that shatters the range high and scales to tag new swing highs.