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Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – Asian Wrap 24 Dec

BTC/USD: Strong stack of support between $7,255 and $7,275 is holding the price up

BTC/USD  is on course of charting two bearish days in a row. This Monday, the price of the asset fell from  $7,512.75 to $7,315  and has fallen further to  $7,292.15.  

ETH/USD price falls below the triangle pattern

ETH/USD is on course of charting two consecutive bearish days. The price fell from  $132.50 to $128  this Monday and has fallen further to $127.80. In the process, Ethereum dropped below the triangle formation.  The bulls must overcome  resistance  at the downward trending line and the 20-day Simple Moving Average (SMA 20) curve.  

XRP/USD bulls take control of the market following a bearish Monday

XRP/USD bulls have re-entered the market as the price went up slightly from  $0.19 to $0.191  this Tuesday. This follows a bearish Monday, wherein the price dropped from  $0.197 to $0.19. The price is hovering below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves and trending in the lower half of the 20-day Bollinger Band.  

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