Ethereum beats Ripple to reclaim second place by market cap

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)