BTC $42651.37 (-4.2%)
ETH $2921.61 (-5.8%)
USDT $1.00 (0.03%)
BCH $516.22 (-5.3%)
BSV $135.22 (-7.0%)
LTC $154.38 (-4.8%)
BNB $355.96 (-5.6%)
ADA $2.33 (1.74%)
DOGE $0.21 (-5.8%)
BTC $42651.37 (-4.2%)
ETH $2921.61 (-5.8%)
USDT $1.00 (0.03%)
BCH $516.22 (-5.3%)
BSV $135.22 (-7.0%)
LTC $154.38 (-4.8%)
BNB $355.96 (-5.6%)
ADA $2.33 (1.74%)
DOGE $0.21 (-5.8%)

Ripple (XRP), ChainLink (LINK), Polkadot (DOT), Bitcoin Cash (BCH) Price Analysis September 16, 2020

Ripple (XRP)

In the past days, Ripple has had a lot of significant events inside the crypto space. This made the cryptocurrency even more famous, especially in the field payment gateways.

Would these significant events create an impact in this week’s crypto performance? Let’s check it out.

XRP/USDT daily price (Source: TradingView)
XRP/USDT daily price (Source: TradingView)

The XRP/USDT, as shown in the above chart, opened with a price of $0.245 above the Arnaud Legoux Moving Averages (ALMA) indicator. It is a sign that the crypto is headed toward where the bulls are. If the crypto continues to rise and breaks its resistance level, the crypto can be predicted to reach $0.30 in the coming days.

Also, the moving average convergence/divergence (MACD) shows a possible bullish crossover.

Chainlink (LINK)

Last week, Chainlink operators served as a powerhouse for decentralized finance (DeFi) suffered from node cyber attacks. These attacks cause the platform operators to lose 700 ETH from their hot wallers. The attack was quickly stopped by LINK, preventing any further damage.

Are you now wondering how these kinds of events will affect the crypto price? Let’s see the charts.

LINK/USDT daily price (Source: TradingView)
LINK/USDT daily price (Source: TradingView)

LINK/USDT is currently trading at a price level of $11.973 below the ALMA indicator. The candlesticks are falling near the first support level of $11.12. In order to prevent the crypto from diving with the bears, it must regain its composure and bounce back above the ALMA.

However, if the crypto fails to hold its support against the bears, the crypto could fall and break the $11.126 support level. On the other hand, the Relative Strength Index (RSI) of the crypto is showing that it is nearing to be overbought. This can be advantageous to investors who are interested in the crypto.

Polkadot (DOT)

The DeFi space continues to grow its community and its total value locked (TVL), which is at about $9.1 billion as of the time of writing. Polkadot continues to upgrade its technology to support the growing numbers of DeFi startups.

How will these affect Polkadot’s price today? Is the performance of DeFi enough to uplift the price performance of DOT? Let us find out.

DOT/USDT daily price (Source: TradingView)
DOT/USDT daily price (Source: TradingView)

The crypto opened at $5.24, which is a good start compared to the crypto’s previous performance in past days. It is also seen that the crypto is holding its ground tight at $5.12. In order to prevent the bears from pulling the crypto down, it must bounce back and break the $5.62 resistance level, a level where the bulls await for the crypto.

The RSI of the crypto remains to be oversold since the start of the month. This might be a good chance for investors who want to buy Polkadot.

Bitcoin Cash (BCH)

The escalating tension between the ABC development team and the core BCH community has come to an end. The crypto will have its third fork on November 15, which will create a new digital asset called BCHN.

Would these events change the crypto performance today? Let us find out.

BCH/USDT daily price (Source: TradingView)
BCH/USDT daily price (Source: TradingView)

Bitcoin Cash (BCH) continues to perform great in the past days. It is seen that the crypto started its day above ALMA with a high price of $241.91. If this goes on, the crypto might be joining the bulls in breaking the resistance level of 0.382, which leads toward a bullish price of $280.

Furthermore, the MACD successfully performed a crossover. This crossover strengthens the bond between BCH and bulls in their quest to leave the bears behind.

Read Also: BCH Price Prediction 2021

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.