Ethereum beats Ripple to reclaim second place by market cap
Mon, 11 Feb 2019, 10:40 am UTC
Ethereum has surpassed Ripple’s native token XRP to reclaim the second spot in the list of cryptocurrencies by market capitalization.
ETH/USD recovered from the low of $100 hit on February 06 to touch a high of $125 on February 10. The pair is currently trading in the red at $119 at the time of writing (Coinbase). (Refer ETH/USD chart on Trading View)
On the upside, ETH/USD faces strong resistance at $133 (Cloud top) and a break above would see it testing $141 (100-EMA)/$160 (Jan 05 high). On the flip side, support is seen at $113 (7-DMA) and a break below would drag it to $100 (February 06 low).
XRP/USD, on the other hand, faces strong resistance at $0.3112 (trend line joining $0.4520 and $0.3199) and a break above would see it testing $0.3295 (50-DMA)/$0.3337 (Jan 31 high). On the downside, support is likely to be found at $0.2994 (7-DMA) and a decisive break below would see it testing $0.2838 (lower Bollinger)/$0.2773 (Jan 28 low). (Kraken)
(Refer XRP/USD chart on Trading View)
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