A bullish start to the week saw Bitcoin rise to a Tuesday intraweek high and a new swing hi $64,829.0 before hitting reverse.
Coming up against the first major resistance level at $64,631, Bitcoin slid to a Sunday intraweek low $50,500.0.
The sell-off saw Bitcoin fall through the first major support level at $56,644.
Finding support at the 23.6% FIB of $50,473, Bitcoin moved back through to $56,000 levels to reduce the deficit.The first major support level at $56,644 pinned Bitcoin back on Sunday.
5 days in the red that included a 6.27% slide on Sunday delivered the downside for the week.
For the week ahead Bitcoin would need to move through the $57,167 pivot to support a run the first major resistance level at $63,834.
Support from the broader market would be needed for Bitcoin to break back through to $60,000 levels.
Barring an extended crypto rally, the first major resistance level and last week’s new swing hi $64,829.0 would likely cap any upside.
In the event of an extended breakout, Bitcoin could test resistance at $70,000 before any pullback.The second major resistance level sits at $71,496.
Failure to move through the $57,167 pivot would bring the 23.6% FIB of $50,473 and the first major support level at $49,505 into play.
Barring another extended sell-off, Bitcoin should steer clear of sub-$45,000 levels.The second major support level sits at $42,838.
At the time of writing, Bitcoin was up by 1.01% to $56,738.0.A mixed start to the week saw Bitcoin fall to an early Monday morning low $55,709.0 before rising to a high $57,200.0.
Bitcoin left the major support and resistance levels untested early on.
Ripple’s XRP Ripple’s XRP rose by 4.67% in the week ending 18 th April.Following on from a 113.1% surge from the previous week, Ripple’s XRP ended the week at $1.41371.
A bullish start to the week saw Ripple’s XRP rally to a Tuesday intraweek high and a new swing hi $1.96598.
Story continues Ripple’s XRP broke through the first major resistance level at $1.6927 before sliding to a Sunday intraweek low $1.1500.
The sell-off saw Ripple’s XRP fall through the 23.6% FIB of $1.5426 and the 38.2% FIB of $1.2807.
Steering clear of the first major support level at $0.8162, however, Ripple’s XRP found support to end the week at $1.41 levels.
Ripple’s XRP broke back through the 38.2% FIB to end the week in positive territory.
3-days in the green included a 22.32% breakout on Tuesday delivered the upside for the week.An 11.91% slide on Friday and an 8.33% loss on Sunday pared some of the gains, however.
For the week ahead Ripple’s XRP would need to move through the pivot at $1.5099 and the 23.6% FIB of $1.5426 to bring the first major resistance level at $1.8698 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.80 levels.
Barring an extended crypto rally, the first major resistance level and last week’s swing hi $1.96598 would likely cap any upside.
In the event of an extended breakout, Ripple’s XRP could test the second major resistance level at $2.3259.
Failure to move through the pivot at $1.5099 and the 23.6% FIB would bring the first major support level at $1.0538 into play.
Barring an extended sell-off in the week, Ripple’s XRP should steer clear of sub-$1.00 levels and the 62% FIB of $0.8573.
The second major support sits at $0.6939.
At the time of writing, Ripple’s XRP was up by 2.57% to $1.45001.A mixed start to the week saw Ripple’s XRP fall to an early Monday morning low $1.3600 before rising to a high $1.46.
Ripple’s XRP left the major support and resistance levels untested at the start of the week.
This article was originally posted on FX Empire
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