XRP Price Storms 20%, Leads Recovery in Bitcoin and Ethereum

cryptonews.com:

Bitcoin price managed to escape a bearish breakdown below the $18,000 support. BTC is currently (03:10 UTC) trading above $19,000. A clear move above the $19,550 and $19,600 resistance levels might start a decent increase.

Similarly, most major altcoins are moving higher. ETH gained over 5% and surpassed the $1,320 level. XRP outperformed with a strong move above the $0.45 resistance. ADA is moving higher towards the $0.465 level.

After forming a base above the $18,500 level, bitcoin price started an upside correction. BTC was able to recover above the $18,800 resistance zone and the 50-hour simple moving average. The price even broke the $19,200 level and tested the $19,500 resistance. The next major resistance is near $19,530, above which the price might rise to $20,000. Any more gains might send the price to $20,450.

On the downside, an initial support is near the $19,000 level and the 50-hour simple moving average. The next major support is near the $18,800 zone, below which the price could move to $18,250.

Ethereum price also started a recovery wave above the $1,280 resistance zone. There was a clear move above the $1,300 level and the 50-hour simple moving average. ETH is now following a bullish trend line with support at $1,300 on the hourly chart. On the upside, the price is facing resistance near the $1,340 level. The next major resistance is now forming near the $1,355 and $1,360 levels.

On the downside, an initial support is near the $1,300 level. The next major support is $1,280, below which price could test $1,220.

Cardano (ADA) is recovering and trading above the $0.45 level. If the bulls remain in action, there could be a move above the $0.465 resistance. The next major resistance sits at $0.48.

BNB is gaining