Based on the overall technical picture, Ripple could drop further to test support at $1 in the near term.
Cardano falters at $3 as correction revisits $2.7 support; more losses could follow if the MACD flashes a sell signal.
The trading mid this week has been marred by considerable losses across the board. Bitcoin is at the forefront of the gains-trimming exercise after losing support at $49,000 to test levels slightly below $48,000. As discussed, $56,000 is the robust support. If this buyer congestion zone is revisited, Bitcoin will resume the uptrend, significantly lifting above $50,000.
Ripple:-
The cross-border money transfer token is holding marginally above $1.1. It has not been spared by the bearish wave sweeping across the market on Wednesday. A recent break above $1.3 fails to gather the strength needed to sustain the uptrend; Investors hoped that a daily close past $1.4 would bolster Ripple to $1.6, but they are now forced to deal with intensifying overhead pressure.
As obs
Źródło: https://coingape.com/ripple-cardano-price-analysis-august-24-2021/
