Renowned analysts comment on Bitcoin, Ethereum, and XRP as the uptrend resumes

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Despite the 10 percent plunge that the flagship cryptocurrency suffered recently, Brandt maintains that there is a significant level of support around $8,400.

Bitcoin is sitting at a pivotal point as it continues to trade within the 200 and 150-day moving averages.

On the upside, a spike in demand could take Bitcoin to break above the 200-day moving average.

Conversely, if the selling pressure increases and BTC breaks below the 150-day moving average it could try to test the next level of support provided by the 50-day moving average.

According to the chartist, Ether is looking "Way better" than Bitcoin due to the recent support and resistance flip.

If the bullish impulse is strong enough to break through this barrier, the next significant level of resistance sits around $205 and $253. There are over 4 million addresses carrying nearly 11.7 million ETH around this price level.

On the downside, there is an important level of support between $143.50 and $163.60, since 2.7 million addresses are holding 16.81 million ETH.XRP prepares for a massive move.

If the buying pressure behind this cryptocurrency increases allowing it to breakout of the no-trade zone in an upward direction, the next significant level of resistance to consider sits at $0.30.

An increase in the selling pressure behind XRP could take it to test the $0.20 support level.

If their respective support levels are able to hold, then they could be about to go through an interesting week as Michaël van de Poppe stated.

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