Top 5 Crypto Performers Overview: EOS, Ripple, Ethereum Classic, Dash, Monero

Published on by Cointele | Published on

Will the rising popularity reflect in higher prices?

The breakout to new highs above $18.67 turned out to be a bull trap because the prices have plunged about 76 percent since then.

If this level is crossed, the price can move up to $15.XRP/USDProgress on xRapid, real-time settlement platform and xCurrent payment solutions have kept Ripple in the news for the past few days.

A rally above the overhead resistance at $0.76440 might confirm a bottom and the price can reach $0.96 and $1.22.On the downside, a break below the support at $0.37185 will result in a fall to the year-to-date lows of $0.25300.

If the bears sink prices below $9.5, the next support is way lower at $5.2.The price is currently below both moving averages, and the 20-week EMA has turned down - this shows that the bears have an upper hand.

On the upside, a breakout above $11.883 will indicate strength that can propel the virtual currency to $14.5 and above that to $19.DASH/USDThe recent announcement of integrating Uphold directly into the official Dash mobile wallet and the partnership between Dash and the cryptocurrency debit card company FuzeX saw great support from the traders.

Does the recent price action indicate a bottom formation? Let's find out.

The bulls had attempted to push prices higher in end-August, but a lack of follow-up buying resulted in the digital currency giving up most of its gains.

A break of the lows will resume the downtrend and sink prices to the next lower support of $113.The virtual currency will show signs of a turnaround if it breaks out of the overhead resistance at $229.24.

Any break on a weekly closing basis can push prices towards the lower support at $58-$52.Currently, the digital currency has been trading inside a tight range of $128.65-100.453.

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