XRP, Bitcoin SV, Elrond Price Analysis: 13 March

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XRP ^[1] was trading within a descending channel pattern and the buyers lacked the numbers to drive the prices toward a breakout. Elrond ^[2] has been trading within $130 to $160 for a few days, while Bitcoin SV ^[3] has been consolidating under the $192 level.

XRP

Source: XRP/USD ^[4] on TradingView

The descending channel that XRP was trading within did not yet see a breakout, however, the $0.439 level of support was defended in recent hours. This level represents the 38.2% retracement level for XRP’s move from $0.179 to $0.75.

On the 4-hour chart, neither the momentum nor the buying volume was significant at the time of writing. The upper boundary of the descending channel, as well as the horizontal level of resistance at $0.49, is likely to offer significant resistance to XRP.

Moving above these levels would be a bullish development while dipping beneath the $0.439 could see XRP move toward the $0.4 mark over the next few days.

Bitcoin SV [BSV]

Source: BSV/USDT ^[5] on TradingView

BSV has been consolidating beneath the $192 mark over the past three weeks. Bitcoin’s move upward is likely to strongly influence BSV as well, and a breakout past $192 could be seen soon.

Based on BSV’s drop from $285 to $170, Fibonacci retracement levels were plotted. BSV climbed above the $192 level and retested

XRP, Bitcoin SV, Elrond Price Analysis: 13 March

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