[XRP and BCH] Technical Analysis: Ripple added 25%, Bitcoin Cash 87% for January 2020

Ripple (XRP) strengthened slightly this year. But he is a poor relative compared to Bitcoin Cash (BCH). It added almost 100% increase.

[XRP / USD] in 2020 to the present value + 25.31%

This year Ripple added at 25%. Whether it is a lot or not, I leave it to you. Bitcoin added 30%, Litecoin 80%. Looking at the graph, however, we see growth with larger drops of up to 10%. It is hard to find a connection with the Bitcoin chart. XRP developers said some time ago that they would no longer release their coins for OTC exchanges. It’s good news for investors and XRP fans. Since XRP is not mined and release for OTC ends, theoretically the price should rise. This year, however, it does not seem so.

Support

The closest support is $ 0.23, when we break it we still have $ 0.22 – $ 0.215.

Resistance

The closest resistance we see on the current top at $ 0.2488. When it breaks, XRP has room for growth of up to $ 0.29.

[BCH / USD] In 2020 to the present value of + 87.20%

We are currently at $ 380 per BCH. This year, BCH also pulled up well Bitcoin SV when a large FOMO formed around the bitcoin fork. Bitcoin Cash was in the eyes of investors almost every day. Even the momentary information and the commotion around taxes for BCH miners increases its value. We were at $ 400 at the top in 2020 and there is the closest resistance. Even in December 2019 we could buy BCH for 170 USD, today we are almost 137% growth.

Support

We see the closest support on BCH at $ 357. If we did not sustain this support, it is likely that we would drop to $ 302.

Resistance

The closest resistance we see at $ 400 on the current top. As we grow we will have the nearest resistance at 457 USD.

Thank you for taking the time to analyze today.