XRP, ADA, SOL, AVAX price analysis on September 24th

XRP

XRP is falling 17% below $ 1 this week. The price fell below the 50-day MA on Sunday and continued to drop the 200-day MA on Monday until it found support at $ 0.875 (Fib 0.618 & 100-day MA).

XRP held $ 0.875 on Tuesday and rebounded from there on Wednesday to climb back to $ 1. Unfortunately, buyers were unable to break this level and fell back to the 100-day MA support today.

If the bears push price below the 100-day MA, the first support, looking to the future, is at $ 0.8282 (2020 high). Next up are $ 0.8 (Fib extension at $ 1.272), $ 0.732 (Fib extension at $ 1.414), $ 0.7 and $ 0.65.

On the flip side, the first resistance is at $ 0.95 (200-day MA). Followed by $ 1, $ 1.05, and $ 1.1.1 (50-day MA).

diagram XRP / USD daily | Source: TradingView

XRP is also in a bearish war on BTC as it trades over 2,200 SAT. On Monday the price fell below 2,225 SAT (Fib 0.5) and suddenly slipped to 2,050 SAT (Fib 0.618). Next, XRP found support on an uptrend line and rebounded from there on Wednesday.

It hit a high of 2,300 SAT and reversed yesterday. Today, XRP fell below 2,200 SAT but found support on the uptrend line. It remains above the weekly low and this is a very promising sign.

If the bears push price below the uptrendline, the first support for the future is 2,100 SAT (200-day MA & 100-day MA). This is followed by 2,075 SAT (Fib 0.618), 2,000 SAT, 1,900 SAT (July 2020 low) and 1,735 SAT (Fib 0.886).

On the other hand, the first resistance is expected at 2,300 SAT. This is followed by 2,350 SAT (50-day MA), 2,400 SAT and 2,500 SAT.

XRP / BTC chart Daily | Source: TradingView

ADA

ADA is down 11% this week and currently stands at $ 2.18. The price also moved below the 50-day MA on Monday and continued to slide until it found support at $ 1.88 (Fibonacci extension down 1.414) on Tuesday.

ADA next found support at USD 2 (Fib retracement 0.618) and rebounded from there on Wednesday.

Yesterday ADA briefly broke the downtrend line and hit the resistance at the 50-day MA. It continued to climb to a high of $ 2.50 today but has since fallen back below $ 2.20.

The first strong support is at USD 2 (Fib 0.618). This is followed by USD 1.88 (Fibonacci expansion downwards 1.414), USD 1.80 (100-day MA) and USD 1.66 (Fib 0.786).

On the flip side, initial resistance is at $ 2.40 (minus 0.382 Fib and 50-day MA). This is followed by $ 2.53 (Fib at 0.5), $ 2.68 (Fib at 0.618), and $ 2.80.

Daily ADA / USD chart | Source: TradingView

ADA is trying to bounce back against BTC as it is above 5,200 SAT. The coin found solid support at 4,800 SAT on Monday and was able to hold it for the entire week.

On Wednesday, ADA finally bounced back above the 50-day MA and continued to climb above the 5,000 SAT. It broke the 20-day MA at 5,200 SAT today and hit over 5,500 SAT.

The first support at 5,000 SAT (50-day MA) is anticipatory. Followed by 4,800 SAT, 4,715 SAT (Fib 0.5), 4,600 SAT and 4,400 SAT (100-day MA).

On the upside, the first resistance is at 5,600 SAT. This is followed by 5,800 SAT, 6,000 SAT and 6,200 SAT.

ADA diagram/Daily BTC | Source: TradingView

SOL

SOL is down 13% this week and is currently trading at around $ 135. The seventh largest cryptocurrency in the market has been trading on a descending channel since the first week of September and has to break the line to end the current negative trend.

SOL fell below $ 140 on Monday and continued down until it found support at $ 123 (Decreased Extended Fib 1.272) on Tuesday, the price rebounded from there on Wednesday but reversed today after breaking into resistance the upper corner of the channel.

Looking ahead, initial support is at $ 123 (Fib Extended Down 1.272). This is followed by $ 119 (Fib retracement 0.5), $ 112 (Fib extension down 1.414), $ 110 (50-day MA), and $ 100.

On the opposite side, the first resistance is at USD 150 (upper corner of the price channel). This is followed by $ 160 (20-day MA), $ 180, and $ 200.

Daily SOL / USD chart | Source: TradingView

SOL is currently in a consolidation phase versus BTC and is trading sideways between 0.0035 and 0.003 BTC. The price found support at 0.003 BTC on Tuesday and rose on Wednesday to meet resistance at the 20-day MA below 0.0035 BTC.

SOL fell from there yesterday and found support at 0.00315 BTC (Fib 0.382) today.

Looking ahead, the first solid support is at 0.003 BTC. This is followed by 0.00288 BTC (1.414 bearish Fibonacci expansion), 0.00267 BTC (0.5 Fibonacci retracement), 0.0025 BTC and 0.00233 BTC (50-day MA).

On the flip side, the first resistance is at 0.0035 BTC (20-day MA). This is followed by 0.00367 BTC (Fib extension 1.272), 0.004 BTC (Fib extension 1.414) and 0.0043 BTC (Fib extension 1.618).

Daily SOL / BTC chart | Source: TradingView

AVAX

AVAX is up 3% this week and is currently around $ 73. AVAX hit a new ATH at $ 80 for the week after finding support at the 20-day MA (around $ 55) on Monday.

It held support at $ 55 on Tuesday and exploded to $ 75 on Wednesday. The new ATH was set on Thursday but has fallen to $ 73 today.

Initial support is at $ 68.55 (Fib 0.236). This is followed by $ 65, $ 61.67 (Fib 0.372), $ 60 (20-day MA) and $ 56.1 (Fib 0.5).

On the flip side, the initial resistance is at $ 75. This is followed by $ 80, $ 85.45 (1,618) (Fib Extension 1,618), $ 90 (Fib Extension 1,618 – orange), $ 92.3 (Fib Extension 1,414 – blue) and $ 100 la.

AVAX / USD daily chart | Source: TradingView

AVAX also does well against BTC after setting a new ATH at 0.0018 BTC on Thursday. The price fell below the 0.0014 BTC support on Monday but held the 0.0013 BTC support on Tuesday.

AVAX bounced back from there, breaking the previous ATH of 0.0016 BTC on Wednesday, and yesterday the price soared to hit a new ATH of 0.0018 BTC but has since fallen back to 0.0017 BTC.

Looking ahead, the first resistance is at 0.0018 BTC. This is followed by 0.00185 BTC (Extended Fib 1.272), 0.0019 BTC, 0.00197 BTC (Fib Expansion 1.414), 0.002 BTC and 0.0021 BTC.

On the other hand, the initial support is at 0.0016 BTC. Next come 0.00155 BTC (Fib 0.236), 0.00138 BTC (Fib 0.382), 0.0013 BTC (20-day MA), and 0.00125 BTC (Fib 0.5).