BTC/USD

BTC/USD is being traded at $6,584 and continues to move sideways in a narrow range. Summarizing the information on the volumes and events of the economic calendar, we can conclude: it is no longer worth counting on serious changes in the dynamics of this month. Even the period of renewal of futures contracts does not make any progress. In order for the situation to move, we need news: most of all, the crypto community is waiting for information from the SEC, and this event is still postponed until November, without specifying the date. The decision on the legalization of crypto funds can whip up the price all at once and, apparently, this is exactly what the whole community is waiting for, lurking and holding free funds just in case. Exit from a limited corridor will show the emergence of a trend, whatever it may be.

As part of the forecast for October 25, we can expect the continuation of price fluctuations in a very narrow range. Probably, the current momentum accumulation will eventually be reflected by sharp price fluctuations in the chart, the question is when exactly this will happen. Currently, a more likely scenario would be a decline to $6,500 – $6,450 for testing support. In case of a sharp drop below $6,200, a further decline to $5,900 is likely.

Cancellation of the development of the downward movement will be a pulsed growth and the breakdown of the resistance level of $6,700. In the case of consolidation above, growth is likely to $6,800, then – to $7,150.

ETH/USD

ETH/USD is being traded at $205.96 and continues to decline as part of a downward channel level of H4. After testing the upper limit of the channel, the price is expectedly gone down. If any news does not suddenly break into the market, the price will continue the smooth movement within the formed channel.

As part of the forecast for October 25, we can expect a continuation of the downward movement to the upper support levels of $202.00 – $202.50. When it comes to the close proximity of prices to any levels and boundaries of channels, one can never rule out attempts of the false breakdown. For this reason, it is possible that the price may test the lower boundary of the Ichimoku Kinko Hyo cloud at $208.50 before leaving to the levels of $202.50 and $200.00.

The abolition of the reduction option will be an impulse growth, with the price fixing above the resistance zone. This will allow us to expect further growth to $223.00.

XRP/USD

XRP/USD is being traded at $0.46944 and is in the downward correction after its growth. Yesterday we wrote about what became known about the participation of Ripple in the Sibos conference. Rumors appeared after this news, about the possible close cooperation of Ripple and SWIFT, played its role, and the coin rapidly increased in price. Investors are attracted by the universality and large-scale integration of Ripple into many systems and services, including at the state level. For example, not so long ago, Kuwait’s financial house made a statement about joining RippleNet. But the fact that Ripple tokens are currently in the focus of attention of the US Securities and Exchange Commission at the risk of recognizing them as securities still raises investors’ concerns and hampers Ripple growth.

As part of the forecast for October 25, we can expect a rollback after the jump. A corrective decline may test the lower boundary of the Ichimoku Kinko Hyo cloud at $0.46160 and the upper limit of the support zone $0.46000. Previously, we repeatedly wrote that the price of this coin is very susceptible to all sorts of news manipulations, so if the next batch of rumors does not provoke a new impulse, it is likely that for a while, there will be a sideways movement on the market.

Cancellation of the correction will be the reverse downward impulse, in order to return to the previous price values of $0.44700.

XMR/USD

XMR/USD is being traded at $109.030 and moves sideways. The coin showed another upward momentum, and went for a correction from higher levels than we expected. The growth that we saw on the 22nd showed no new highs or levels. Therefore, it is hardly worth considering it as an impulse for an uptrend. But this movement has well demonstrated the power of resistance in the $112.000 area. Puyers are unlikely to succeed in passing this mark without effort.

As part of the forecast for October 25, we can expect the continuation of the corrective pullback down. The reference may be the area of the trend line with marks $108.000 – $107.750. If the coin continues to maintain a similar upward trend, then we can wait for further upward movement from $108.000, for the next resistance testing in the $112.000 area. This development will narrow the correction range, which will allow buyers to gain more strength to break down this resistance in the future.

Cancellation of this option will be the price drop below the trend line, to the level of $106.000 and below, to $105.000. In this case, this growth will be an upward wave within the wide correctional flat of $112.000 – $105.000, which was formed after a strong growth on October 15.