FIRST QUARTER RESULTS EXPLANATION BY RIPPLE CEO

Faced with sales pressure at the level of 9800, BTCUSD, which retraced and tested 9070 support, headed to the oversold region. The cryptocurrency, which has recovered somewhat, broke the upward channel it created as of March 12, 2020, with the decline. In the cryptocurrency that is currently trying to hold on 9330 support, 9500 and 9650 resistances can be followed by seeing volume increases in long positions. In this context, the dominance of buyers at 9000 levels is important for upward movements.

ETHUSD recovered a bit after turning to 223 support with sales pressure. In the cryptocurrency that is currently trying to hold above 20 MA, 237 resistance can be monitored in the first place with the buyer progress of the market. Acceleration up to 246 level can be seen with 237 upward break. However, if it is unable to hold on to the resistance, retreat may occur again. In this case, pricing up to 223 support can be met normally. Keeping 223 support above is important for the cryptocurrency.