Top 3 continue to see green – alts follow suit
Bitcoin, XRP and Ethereum – the top 3 cryptocurrencies continued to see prices in the green through Thursday. ETH saw the biggest rise (over 3%) to $171, and more importantly looking to break the key $167 level. If this momentum can maintain, and break $180, the longer term bullish bias will certainly be confirmed.
Whilst XRP has been stuck in the $0.30’s region for a significant time and has been one of the worst performing coins of 2019, longer term bias can’t be confirmed until a breakout of the $0.30 region, either to the $0.40’s or a break below to the $0.20’s. It remains a mystery to many as to why the price has not followed the continuously strong fundamentals that Ripple have announced over the past 12 months. With the xRapid roll-out slowly underway, and more corridors to be announced shortly, it would suggest an upside surge will occur sooner rather than later.
Bitcoin is once again testing the $5300 level, with the $5495 high of April 10ththe next key point of reference to take note of. Once again, certain prominent figures within the crypto community are throwing out their BTC predictions for 2019 and beyond.
The altcoins are also following suit. Basic Attention Token (BAT) (up 5%) and Binance coin (BNB) (6%) are amongst the best performing. The majority of the remaining are up around 0.5-2%.
Bitcoin image licensed via Shutterstock
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