Crypto traders shift their focus to altcoins


Short-term traders may have been tempted to book gains as a result of the pair's inability to break through the $20,475 barrier.

The pair might once again go to $20,475, if the price rises above the moving averages.

The XRP/USDT pair might surge to $0.66 if the price increases and clears the overhead barrier at $0.56.

The 20-day EMA was successfully contested by the bulls as the pair went down from $0.53.

The up-move can gain pace if buyers push the price over the $0.53 to $0.56 barrier range.

The bulls are aiming to stop the retreat at the 20-day EMA as the price has swung down from the overhead resistance at $7.

If the price strongly recovers from the recent low, buyers are taking advantage of price declines to stockpile.

If the price turns down from the moving averages, the selling could pick up and the pair may fall to $6.20 and later to $6.

The pair might gain momentum and surge to $62 and then to $70 if bulls push the price over $57.