In the past 24 hours, XRP has been trading in a range between $0.447 and $0.443. However, in the last few hours, it has broken outside of this range to the downside, before it rebound above the upper limit of the 24-hour range. This could be an indicator that the downside break was a false breakout and that XRP could be headed higher. However, to go long on XRP (XRP), it is best to wait for it to break above the 200-day MA at $0.458 and sustain above it for a few hours. This would be confirmation that bulls are in control of the market. Such a long position would have a possible exit point at $0.543. That’s the next key resistance level on the 12-hour chart and one where XRP could possibly range or reverse in the day.
However, if XRP (XRP) fails to push above $0.458, and drops back below $0.443, it would be best to go short with a target of $0.421. That’s the next key resistance level in the day, one where XRP (XRP) could range, or possibly reverse in the day.
After trading in a range for the last 24-hours, IOTA has broken out upwards, an indicator that it could be gaining bullish momentum. In this breakout, IOTA (MIOTA) has also broken above key resistance on the 55-day MA at $0.455. This is a key indicator that bulls are in control. However, to go long on IOTA (MIOTA), it’s best to wait for it to break above $0.455 and hold above it for some hours. This would be confirmation that bulls are in control of the market. Such, a buy order would have a good exit point at $0.467 on the 100-day MA. IOTA is likely to range or reverse at this price level.
However, if it breaks above it, then it could possibly test $0.482 on the 200-day MA in the course of the day. If IOTA (MIOTA) breaks out to the downside and breaks below the day’s low of $0.438, it would be best to go short with a target of $0.434. That’s the next key support level for IOTA, one where it could possibly reverse in the day.
Monero (XMR) has been relatively bullish for the last 3 days. In this period, it has pushed from a low of $101.14 to a high of $106.15. However, it seems to have hit resistance at $105.76, on the 200-day MA. To go long on Monero, it would be best to wait until it breaks above $105.76 and holds there for a few hours. This would be confirmation that bulls are in control of the market. Such a position would have a possible exit point at $107.50. That’s the next key resistance level for Monero (XMR) in the day.
However, if Monero fails to hold above $105.76 and drops below the 55-day MA at $103.03, it would be best to go short, with a possible target of $100.95. This is a key support level, one where Monero (XMR) could reverse at, in the course of the day, and possibly reverse at in the next 24-hours.