Cryptocurrencies Price Prediction: Ethereum, Ripple & Tezos – American Wrap 11 Aug

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Ethereum Technical Analysis: ETH/USD continues trading sideways through a healthy consolidation period

Not much has changed for Etheruem which continues to be extremely bullish on all long-term timeframes. Buyers are still trying to crack $400 while bears are hoping to see a drop below $350 and perhaps confirm a daily downtrend.

Ripple Technical Analysis: XRP/USD falls 5% within four hours

XRP has been under consolidation for a few days now and bulls have been unable to keep the digital asset above $0.30. Either way, buyers do have a strong support area below $0.285.

Tezos Technical Analysis: XTZ/USD sees an instant 8% recovery after a massive drop towards $3.8

Tezos has been performing far better than the rest of major cryptocurrencies as its bull rally didn’t have any pauses. XTZ/USD just formed its 2020-high at $4.43 and it’s now under healthy consolidation. Bulls have defended the 12-EMA twice and they are looking for the next leg up. 

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