Key Takeaways

  • Bitcoin broke out of a bullish pennant, but a significant supply barrier ahead of it may present trouble for its uptrend.
  • Ethereum turned a stiff resistance wall into support and now nothing seems to hold it from rising towards $300.
  • XRP’s uptrend continues to be rejected by the 200-day moving average.

Share this article

The latest pump throughout the crypto market has left market participants clutching for answers. To better determine whether Bitcoin, Ethereum, and XRP are truly breaking out, we take a look at the most significant support and resistance levels for each crypto.

Bitcoin Aims for New Yearly Highs

Keep in mind, Bitcoin broke out of a clear bullish pennant on Jul. 21.

The distance between the highest point of this continuation pattern project an upward target of 15.7%. Thus, a further spike in the buying pressure behind the flagship cryptocurrency may see it rise to $10,700. 

BTC/USD on TradingView

As Bitcoin aims for new yearly highs, data from IntoTheBlock reveals that the recent downward pressure is directly related to the massive supply barrier that lies ahead of it.

Based on the “In/Out of the Money Around Price” model, approximately 1.4 million addresses had previously purchased nearly 1 million BTC between $9,540 and $9,810. 

Holders within this price range appear to be trying to break even in their long positions, providing a certain level of resistance to Bitcoin’s uptrend. Once the pioneer cryptocurrency can break through this hurdle, the IOMAP cohorts show that there isn’t any other barrier that will prevent it from reaching the target presented by the bullish pennant.  

In/Out of the Money Around Price by IntoTheBlock
In/Out of the Money Around Price by IntoTheBlock

On the flip side, this on-chain metric indicates that roughly 4.5 million addresses bought more than 2.5 million BTC between $8,960 and $9,520. Such a significant area of interest would likely have the ability to hold in the event of a correction. 

Ethereum Hits Five-Month High

The smart contracts giant shot up nearly 19% in the past four days slicing through the $250 resistance level for the first time since March.


While many expected a retest of mid-February’s high of $287, Ethereum fell short by roughly $6. Still, investors took advantage of the bullish price action to realize profits. 

The considerable increase in sell orders at the $280 peak pushed Ether down by 4.4%. Regardless, the Fibonacci retracement indicator suggests that as long as Ethereum continues trading above $259, the uptrend will likely continue.

Ethereum US dollar price chart
ETH/USD on TradingView

A similar outlook is presented by IntoTheBlock’s “In/Out of the Money Around Price” model.

This fundamental gauge reveals that there isn’t any considerable supply barrier ahead of Ether that will prevent it from surging towards $300 or higher. 

In/Out of the Money Around Price by IntoTheBlock
In/Out of the Money Around Price by IntoTheBlock

Meanwhile, several support walls that sit underneath this altcoin might absorb any downward pressure.

The first one sits between $263 and $271, where 1.15 million addresses bought 3.55 million ETH. The second and most significant hurdle lies between $230 and $247. Here, the IOMAP cohorts reveal that 4.6 million addresses hold more than 18 million ETH. 

Investors who entered the market when Ethereum was trading around $240 will try to remain profitable in the event of a downswing. They may even buy more ETH and allow prices to rebound to higher highs. 

XRP Trades Between 2 Key Barriers

While Bitcoin and Ethereum are breaking out, XRP faces stiff resistance.

Cred - earn easier

The 200-day moving average continues to hold. Consequently, impeding the cross-border remittances token from achieving its upside potential. 

Due to the strength of this hurdle, only a daily candlestick close above it can serve as confirmation that this cryptocurrency is poised for higher highs. If this were to happen, XRP might be able to surge to the next resistance levels that sit at $0.23 and $0.26.

XRP US dollar price chart
XRP/USD on TradingView

In the meantime, investors should watch out for the 50-day moving average since it serves as a support wall for XRP. Moving past this area will invalidate the bullish outlook.

It could even result in a price drop towards the next level of support around $0.17. 

Bitcoin Leads the Crypto Market Forward

Global economies continue to suffer the impact of the ongoing pandemic. As a result, most central banks have opted to continue dolling out stimulus packages and printing money.

The idea is to continue asset purchasing programs “in the amounts needed to support smooth market functioning,” as the Federal Reserve affirmed in late March.  

Although quantitative easing has served as a cushion for other financial crises in the past, cryptocurrencies now provide investors a novel opportunity to hedge against risk. The rise of this new asset class has been so significant that the U.S. Office of the Comptroller of the Currency (OCC) recently allowed banks to serve as crypto custodians. 

While many remain skeptical, mainstream adoption of cryptocurrencies is happening now.

For this reason, investors must pay close attention to the support and resistance levels previously mentioned because the crypto market sits on the cusp of a new bullish cycle.

Share this article


  1. After looking into a handful of the blog articles on your blog,
    I truly like your way of writing a blog. I book marked it to my bookmark site list
    and will be checking back in the near future. Please visit my
    website too and let me know your opinion.

  2. hey there and thank you for your info – I have certainly picked up anything new from right here.
    I did however expertise a few technical points using this site, since I experienced to reload the web
    site a lot of times previous to I could get it to load properly.
    I had been wondering if your web hosting is OK?

    Not that I am complaining, but sluggish loading
    instances times will sometimes affect your placement in google
    and could damage your high quality score if advertising and marketing
    with Adwords. Well I’m adding this RSS to my e-mail
    and can look out for much more of your respective fascinating content.
    Ensure that you update this again soon.

    Also visit my web blog id test playboy2

  3. Hmm is anyone else encountering problems with the images on this
    blog loading? I’m trying to find out if its a problem
    on my end or if it’s the blog. Any feedback would be greatly

  4. Pretty element of content. I just stumbled upon your website and in accession capital to claim
    that I get in fact loved account your weblog posts.
    Anyway I will be subscribing in your augment and even I fulfillment you access consistently rapidly.

    Feel free to visit my site:

  5. certainly like your web-site but you have to test the spelling on quite a
    few of your posts. A number of them are rife with spelling problems and I find
    it very bothersome to inform the reality however I will definitely come back again.

    Also visit my web page … Danae

  6. I’m more than happy to uncover this page. I want to to thank you for your time just for this fantastic read!!

    I definitely appreciated every part of it and I
    have you saved to fav to check out new stuff in your site.

    Feel free to visit my blog post – Tatiana

  7. As I website possessor I believe the content material here is rattling fantastic , appreciate
    it for your efforts. You should keep it up forever! Good Luck.

    Take a look at my web blog: Spore Protect + Defend

  8. Greetings from Idaho! I’m bored to tears at work so I decided
    to browse your website on my iphone during lunch break.

    I love the knowledge you provide here Spore Protect And Defend Reviews can’t wait to take a look when I get
    home. I’m amazed at how fast your blog loaded on my mobile ..

    I’m not even using WIFI, just 3G .. Anyways, good blog!

  9. Wow, marvelous blog structure! How long have you ever been blogging for?
    you made running a blog glance easy. The whole glance of
    your site is magnificent, as neatly as the content!

    Also visit my web blog; Alpha Hotrod

  10. As I web site possessor I believe the content matter here is rattling wonderful , appreciate it
    for your hard work. You should keep it up forever! Best of luck.

    Here is my website Speedtech Wifi Reviews

  11. Hi there would you mind sharing which blog platform you’re working with?

    I’m planning to start my own blog soon but I’m having a difficult
    time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then most blogs
    and I’m looking for something unique. P.S Apologies for getting off-topic but
    I had to ask!

  12. Hiya, I am really glad I’ve found this info. Today bloggers publish only about gossips and web and this is really frustrating.
    A good web site with exciting content, this is what I
    need. Thank you for keeping this web site, I will be
    visiting it. Do you do newsletters? Can not find it.

    My site –

  13. Today, I went to the beach front with my kids. I found a sea shell and gave
    it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the
    shell to her ear and screamed. There was a hermit crab inside and
    it pinched her ear. She never wants to go back! LoL I know this is
    totally off topic but I had to tell someone!

  14. I have read so many posts on the topic of the blogger lovers but this article is really a good article, keep
    it up.

  15. They are licensed in Panama and have been around since 2004, with their casino opening in 2009.

  16. What i don’t understood is in truth how you’re not really a lot more well-appreciated than you might be now.
    You’re so intelligent. You recognize thus significantly in terms of this matter, made
    me personally believe it from so many varied angles. Its like men and women are not interested except it’s one thing to accomplish with Woman gaga!

    Your individual stuffs excellent. Always care for it up!

  17. Excellent blog here! Additionally your website loads up fast!
    What web host are you using? Can I get your associate hyperlink
    on your host? I desire my website loaded up as fast as yours lol.

    Here is my web-site :: BTC Prestige Reviews

  18. There is definately a lot to know about this subject. I love all of the
    points you made.

  19. You really make it seem so easy with your presentation however I in finding this
    matter to be really one thing which I believe I would never understand.
    It kind of feels too complicated and extremely broad for me.

    I’m taking a look forward for your subsequent submit, I will try to get the
    hang of it!

  20. I just wanted to post a brief word so as to thank you
    for all the great solutions you are writing on this site.
    My time intensive internet lookup has at the end been paid with good information to go over with my friends.
    I ‘d mention that many of us website visitors actually are quite blessed to dwell in a notable site with many outstanding people
    with great points. I feel somewhat lucky to have encountered the website and look forward to tons of more
    awesome moments reading here. Thank you once more for all the details.

    Feel free to surf to my website –

  21. I like the helpful information you supply on your articles.
    I’ll bookmark your weblog and check again right here regularly.
    I’m moderately certain I’ll be informed many
    new stuff right here! Best of luck for the following!

    my blog … Mega Arise Max Review

  22. Hi there all, here every person is sharing such familiarity, therefore it’s nice
    to read this web site, and I used to go to see this web site daily.

    Here is my web page – NZT 48 Pills Reviews

  23. Terrific work! That is the kind of information that should be shared across the internet.

    Shame on the seek engines for now not positioning this
    post upper! Come on over and visit my web site . Thanks =)

    My blog post:

  24. I merely wanted to thank you yet again for that amazing website you have developed
    here. Its full of ideas for those who are
    definitely interested in that subject, primarily this very post.
    Your all really sweet along with thoughtful of others as well as reading the blog posts is a wonderful delight in my experience.
    And thats a generous reward! Jeff and I will have fun making use
    of your tips in what we have to do next week. Our list is a mile long so your
    tips is going to be put to beneficial use.

    Also visit my blog :: Lion House Keto Reviews

  25. Amazing blog! Is your theme custom made or did you download it from somewhere?
    A design like yours with a few simple adjustements would
    really make my blog jump out. Please let me know where you got your theme.
    Thank you

    My blog – Dentitox Pro Ingredients

  26. Does your site have a contact page? I’m having trouble locating it but, I’d like
    to send you an e-mail. I’ve got some suggestions for your blog you might be interested in hearing.
    Either way, great site and I look forward to seeing it improve over time.

    my web-site – Pure Form Keto Pills

  27. Hey! Someone in my Myspace group shared this site with us so I came to look it over.

    I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers!
    Terrific blog and amazing design and style.

    My website: Viro Valor XL Reviews

  28. My spouse and i still cannot quite assume that I could possibly be one of those reading through the important ideas found on your website.
    My family and I are sincerely thankful for your generosity and for presenting me the chance to pursue the chosen career path.

    Appreciate your sharing the important information I
    acquired from your website.

    My web blog; Nature’s Gold CBD

  29. Hello, i think that i saw you visited my blog thus i came to
    ?return the favor?.I am trying to find things to enhance my website!I suppose its ok to use a few
    of your ideas!!

    Feel free to visit my webpage – MaxExtend Male Enhancement

  30. This is the right site for anybody who really wants to find out about this
    topic. You know a whole lot its almost hard to argue with
    you (not that I actually will need to?HaHa). You definitely put a fresh spin on a subject
    that’s been discussed for many years. Excellent stuff,
    just excellent!

    Stop by my website: Kodo Detox Patches Review

  31. Hello everybody, here every one is sharing such
    familiarity, therefore it’s nice to read this web site,
    and I used to visit this web site daily.

    My site – NZT 48 Pills Review

  32. Hi there just wanted to give you a brief heads up and let you know a few of
    the images aren’t loading correctly. I’m not sure
    why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same results.

    Feel free to visit my blog; Elite Burn Keto Diet

  33. Hi, i feel that i noticed you visited my blog so i came to return the favor?.I’m attempting
    to to find things to improve my website!I assume its ok to make use of some of your concepts!!

    Also visit my webpage …

  34. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my
    newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything.
    I truly enjoy reading your blog and I look forward to your
    new updates.

    Feel free to visit my web blog;

  35. Definitely imagine that that you stated. Your favorite reason appeared to be on the web the easiest thing to be
    mindful of. I say to you, I definitely get annoyed whilst other people think about issues that they plainly don’t recognize about.
    You managed to hit the nail upon the highest as neatly as
    defined out the entire thing without having side effect , other people can take a signal.
    Will probably be back to get more. Thanks

    my web page …

  36. I happen to be writing to let you understand of the outstanding encounter our daughter obtained studying your site.
    She picked up lots of things, most notably how it is like to have an amazing helping style to make many people without problems gain knowledge of a number of complicated matters.
    You truly did more than our expected results.
    Thanks for presenting the great, safe, informative and also cool tips about this topic to Gloria.

    My web site; Blast Portable Air Conditioner

  37. I’m no longer positive the place you’re getting your information, however great topic.
    I must spend some time learning more or understanding more.
    Thanks for excellent information I was looking for this info for my mission.

    Here is my site :: Blast Portable AC Reviews

  38. Amazing! This blog looks just like my old one! It’s on a
    completely different topic but it has pretty much the same page
    layout and design. Great choice of colors!

    Review my web blog;

  39. Usually I do not read article on blogs, however I wish
    to say that this write-up very forced me to try
    and do so! Your writing style has been surprised me.

    Thanks, quite great article.

    My website – Muama Translator

  40. Write more, thats all I have to say. Literally,
    it seems as though you relied on the video to make your point.
    You definitely know what youre talking about, why throw away your
    intelligence on just posting videos to your weblog when you could be giving
    us something informative to read?

    Feel free to visit my web site:

  41. That is very attention-grabbing, You are an excessively skilled blogger.
    I’ve joined your rss feed and look ahead to searching for extra of your great post.
    Additionally, I’ve shared your site in my social networks!

    Feel free to visit my web site; Gorges Cream Review

  42. This is the perfect web site for anybody who would like to find out
    about this topic. You realize a whole lot its almost tough to argue with
    you (not that I personally would want to?HaHa).
    You definitely put a fresh spin on a topic which has been discussed
    for many years. Excellent stuff, just great!

    my web site :: Nitro Strive Review

  43. Many thanks for being my own instructor on this subject.
    My partner and i enjoyed your current article greatly and most of all liked
    the way you handled the areas I considered to be controversial.
    You’re always rather kind to readers really like me and assist me in my existence.
    Thank you.

    Also visit my web blog – Testo Fit Extreme Review

  44. Hi, I do believe this is an excellent site. I stumbledupon it
    😉 I am going to revisit once again since I book marked it.
    Money and freedom is the best way to change, may you be rich and continue to help

    Feel free to surf to my blog post …

  45. Helpful info. Fortunate me I found your web site accidentally, and
    I’m stunned why this twist of fate did not happened earlier!

    I bookmarked it.

    my web site: Allura Fresh

  46. Very nice post. I just stumbled upon your blog and wanted to say that
    I’ve truly enjoyed surfing around your blog
    posts. In any case I will be subscribing to your rss feed and
    I hope you write again soon!

    Feel free to surf to my site – Max Brute Male Enhancement Review

  47. No matter if some one searches for his essential thing, so he/she
    desires to be available that in detail, therefore that thing is maintained over here.

    Visit my web blog …

  48. Thanks in favor of sharing such a fastidious opinion, post is fastidious, thats why i have read it entirely

    Also visit my blog post – Alexander

  49. Awesome blog you have here but I was curious if you
    knew of any user discussion forums that cover the same topics talked about here?
    I’d really like to be a part of online community where I can get suggestions from other experienced people
    that share the same interest. If you have any recommendations, please let me know.
    Appreciate it!

    My web page; Compoise 360X CBD Reviews

  50. Hi, Neat post. There is a problem with your web site
    in internet explorer, would check this? IE still is the marketplace
    leader and a large portion of folks will leave out your excellent writing because of this problem.

    Take a look at my web site :: Nitro Strive Nitric Oxide Booster

  51. Very nice post. I just stumbled upon your weblog and wished to say that I have truly enjoyed browsing your blog posts.
    In any case I’ll be subscribing to your feed and I hope you write again soon!

    my blog Re ViVium Review

  52. Wonderful items from you, man. I’ve consider your stuff previous to and
    you are just extremely magnificent. I actually like what you’ve acquired right here, certainly like what you are saying
    and the best way in which you assert it. You are making it entertaining and you continue to care for to keep it smart.
    I can not wait to learn far more from you. This is
    really a great website.

    Here is my webpage :: Bio Shed Keto Slim

  53. There is certainly a great deal to find out about this subject.
    I really like all the points you have made.

    Feel free to surf to my webpage :: Merle

  54. I beloved as much as you’ll obtain carried out proper here.
    The sketch is tasteful, your authored material
    stylish. nonetheless, you command get bought an shakiness
    over that you would like be turning in the following. ill
    certainly come further earlier again as exactly the similar just
    about a lot frequently inside case you defend this increase.

    My webpage; Nicolas

  55. Fantastic post however , I was wanting to know if you could write a
    litte more on this topic? I’d be very thankful if you could elaborate a
    little bit further. Bless you!

    Here is my homepage: Greener Earth CBD Gummies

  56. Hi there! This post could not be written any better!

    Looking at this post reminds me of my previous roommate!
    He constantly kept preaching about this. I most certainly will
    send this article to him. Fairly certain he’s going to have a very good read.
    Many thanks for sharing!

    Check out my website –

  57. Very good written information. It will be valuable to anybody who utilizes it, including yours truly :).

    Keep doing what you are doing – for sure i will check
    out more posts.

    My webpage – Blosum CBD

  58. After going over a number of the articles on your web
    site, I truly like your technique of writing a blog.
    I saved as a favorite it to my bookmark site list and will be checking back soon. Please visit my website too and tell
    me what you think.

    Here is my webpage; Vigra Fast Ingredients

  59. Hi! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing
    very good results. If you know of any please share.
    Thank you!

    Feel free to visit my blog – Pure Remedy CBD

  60. Thanks for the marvelous posting! I quite enjoyed reading it, you may be a great author.I will ensure that I bookmark
    your blog and will come back very soon. I want to encourage continue your great writing, have a
    nice afternoon!

    Feel free to visit my website; Coastal Hemp CBD Review

  61. Just desire to say your article is as astounding.
    The clarity in your post is simply nice and i could
    assume you’re an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post.
    Thanks a million and please carry on the gratifying work.

    Look at my homepage :: Libido Boost Male Enhancement Ingredients

  62. An interesting discussion is definitely worth comment.
    There’s no doubt that that you need to publish more about this subject,
    it may not be a taboo matter but typically people don’t discuss these subjects.

    To the next! Kind regards!!

    My page – Summer Valley CBD Gummies

  63. Wow, awesome blog layout! How long have you been blogging for?
    you make blogging look easy. The overall look of your web site is magnificent, let alone the content!

    Also visit my site; Brilliance Keto Pills

  64. Great post. I was checking continuously this blog and
    I’m impressed! Very useful info specially the last part :
    ) I care for such information much. I was looking for this certain info for a
    long time. Thank you and good luck.

    my web site: Natural Burn Keto

  65. Hello! I just wish to give you a big thumbs up for your excellent information you’ve got right here on this post.
    I will be returning to your website for more soon.

    Also visit my website :: Jenny

  66. Hey, you used to write excellent, but the last several posts have been kinda boring?
    I miss your super writings. Past several posts are just a bit out
    of track! come on!

    Feel free to visit my web site – Reneaux Cream Reviews

  67. I don’t even know the way I stopped up here, but I believed this post used to be great.
    I do not realize who you might be but certainly you are
    going to a famous blogger should you aren’t already.

    My web-site – Extreme Muscle XXL Ingredients

  68. I loved as much as you’ll receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nevertheless, you command get bought an impatience over that you wish be turning in the following.
    in poor health indubitably come more earlier once more as precisely the same nearly a lot
    ceaselessly within case you shield this increase.

    Review my web-site Infinuity CBD Price

  69. F*ckin’ remarkable issues here. I am very satisfied to look your
    article. Thank you a lot and i am looking ahead to touch you.

    Will you please drop me a e-mail?

    my website :: Viritenz

  70. Good – I should definitely pronounce, impressed with
    your website. I had no trouble navigating through
    all tabs as well as related information ended up being truly easy to
    do to access. I recently found what I hoped for before you know it at all.
    Reasonably unusual. Is likely to appreciate it for those who add forums or anything,
    site theme . a tones way for your client to communicate.

    Excellent task.

    Also visit my web page: CBD XLT Review

  71. Greate pieces. Keep posting such kind of information on your blog.
    Im really impressed by your blog.[X-N-E-W-L-I-N-S-P-I-N-X]Hi
    there, You have done an incredible job. I
    will certainly digg it and in my opinion suggest to my friends.
    I am sure they will be benefited from this site.

    My web site: Cool Wave AC Reviews

  72. Hi there, just became alert to your blog through Google, and found that it is really informative.
    I’m gonna watch out for brussels. I’ll be grateful if you continue this in future.
    Many people will be benefited from your writing. Cheers!

    my site: illegal drugs

  73. Wonderful article! That is the kind of info that are supposed how to eat out a woman
    be shared across the net. Shame on the seek engines for now not positioning this
    submit upper! Come on over and talk over with my web site .
    Thank you =)

  74. Hello there! Do you use Twitter? I’d like to follow you if that
    would be okay. I’m absolutely enjoying your blog and look forward to new updates.

    Also visit my site … good skin care

  75. Hi! Would you mind if I share your blog with my twitter group?
    There’s a lot of people that I think would really
    enjoy your content. Please let me know. Thanks

    Here is my web site ::

  76. Fantastic beat ! I would like to apprentice while you amend your website,
    how could i subscribe for a blog website? The account aided me a acceptable deal.
    I had been a little bit acquainted of this your broadcast
    provided bright clear idea

    Feel free to visit my site … balanced low-carb diet

  77. Thank you, I’ve just been looking for information approximately
    this topic for a while and yours is the best I’ve found out till now.
    But, what concerning the conclusion? Are you positive in regards to the supply?

    my web-site; teens smoking

  78. New Yorkers will need to have to take a trip
    across the border to play at any of the New Jersey or Pennsylvania regulated on line casinos.

  79. Good web site you have here.. It’s difficult to find excellent writing like yours nowadays. I seriously appreciate individuals like you! Take care!!|

  80. You get 40 points for every $1 wagered on a straight racebook bet, and 60 points for exotics or multiples.

  81. If you want to take a great deal from this paragraph then you have to apply these strategies to your won weblog.|

  82. Why people still make use of to read news papers when in this technological globe everything is existing on web?|

  83. I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back later on. Many thanks|


Please enter your comment!
Please enter your name here