On Tuesday, Ripple’s XRP saw gains of 3.44 percent. This was an increase from Monday’s gains of 3.06 percent. Consequently, the Ripple token ended Tuesday at a value of $0.645. There was a bearish start as its value faced an intraday low of $0.61312 before moving forward. Nevertheless, it steered clear of the first significant support level, $0.5955, and increased to $0.65307, a midday intraday high.
Of course, this fell short of $0.6671, the first major resistance level, but to make matters worse, it fell back to around $0.62 before it ended the day close to $0.645. Today, Ripple’s XRP recorded losses of 0.45% as its value dropped to $0.64207. It’s quite a frenzied start as the Ripple token later saw an early morning high of $0.64674. Later, it fell back close to $0.64207. Meanwhile, Ripple’s major support and resistance levels remain untested.
Moving on, it needs to stay clear of the $0.6371 pivot so that the $0.6610 first major resistance level comes into play. Nevertheless, Ripple’s XRP needs support from the rest of the market if it’s going to break past Tuesday’s $0.65307 high. With an extended crypto rally, it’s likely that the first major resistance level can cap a potential upside.
Upon the next breakout, it’s likely that XRP will test resistance at around $0.70 before a pullback. The next major resistance level is $0.6770. But if it falls through the $0.6371 pivot, the $0.6211 support level will come into play. Except for the event of an extended sell-off, Ripple’s XRP needs to steer clear of dropping lower than $0.60 levels. Otherwise, the next major support level is around $.5971.
Meanwhile, Litecoin faced gains of 2.78 percent on Tuesday. After rising by 2.64 percent on Monday, Litecoin ended yesterday at a value of $134.74. This is despite the mixed start to the day, as it fell to $127.43 before rising up. Avoiding the first major support level at $125, Litecoin enjoyed a late intraday high of $135.19. Although it fell short of $139, the first major resistance level, Litecoin managed to close the day around the $134 level.
Early today, Litecoin fell by a minimal 0.59 percent, its value decreasing to $133.95. Even so, it saw shifts back and forth because it rose to $135.16, an early morning high, before dropping down to $133.87. Just like Ripple’s XRP, Litecoin left major resistance and support levels untested, but there’s still some time to go.
For the first major resistance level $138 to take effect, Litecoin needs to avoid the $133 pivot. But if it’s going to move past $135, Litecoin needs broad market support. If another breakout occurs, Litecoin could potentially test second major resistance levels close to $140. But if it falls below the $133 pivot, the $130 first major support level will take effect.