Bitcoin hesitantly recovers. Ripple broke into second place

The price of the most popular cryptocurrency in the world remains positive in the course of trading on Wednesday, rising in the last 24 hours by about 9.5%, while in the last 7 days the price of the cryptocurrency fell by 7.5%, indicating a rather low-key demand for the cryptocurrency, due to the growing interest in its alternatives.

Technical Analysis: During today’s trades, the price of the cryptocurrency has firmly established itself above the resistance line of the downward channel on H1, which can be considered as a signal of a possible further recovery of the price of the cryptocurrency. The main resistance is considered at $ 16 400.00, in case of overcoming it, one should expect further price increase to $ 18 000.00. The main support levels are $ 14,000.00; $ 13,000.00.

Fig. BTC/USD. The current price is $ 14,874.89.

During today’s trades, Ripple managed to update its historical maximum to around $ 2,487, thus the market capitalization of the cryptocurrency reached $ 104.00 billion, compared to the capitalization of the nearest competitor, Ethereum at $ 86.00 billion, which previously held the second position in the market in terms of capitalization.

Fig. XRP/USD. The current price is $ 2.39361.

Alexander Sivtsov