Ripple (XRPUSD) advanced slightly in its latest intraday trading, attempting to recover part of its previous losses while also working off its clearly oversold levels shown by the relative strength indicators, especially amid the start of positive signals emerging from them. However, ongoing dynamic pressure from trading below the 50-day SMA reduces the chances of a near-term recovery, while the main short-term bearish trend remains dominant, with trading along a descending line that reinforces this direction.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.5397 holds, targeting the support level of $1.7710.
Today’s price forecast: Bearish.
The price of (ETHUSD) declined in its last intraday trading, gathering the gains of its previous rises, and attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to gather its positive strength that might help it to recover and rise again, affected by breaching minor bearish trendline on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, forming a dynamic support that reinforces the chances of its recovery.
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Bitcoin (BTCUSD) prices settled with sharp decline during their last intraday trading, to stop in a short warrior’s rest to gather the gains and gains some of the positive momentum that helps it to resume the strong gains again, especially after surpassing the resistance of its EMA50, to get rid of its negative pressure with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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Brent crude oil prices declined slightly in their last intraday trading, amid the dominance of the main bearish trend in the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, the negative signals emergence of the relative strength indicators intensifies the selling pressures, after reaching overbought levels.
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