The recovery has finally arrived: Bitcoin, Ripple & # 39; s XRP and Ethereum have established the pace

• The general market recovery extends from weekend trading sessions.
• Bitcoin reverses the trend from annual lows; Ripple and Ethereum follow the king.

The market is green on the first day of the week. The green color is a hopeful wave that the long awaited recovery is finally here with us. Industry investors have hoped for a great Christmas and a wonderful new year with activities that reverse the trend from oversold levels. The price of bitcoin is in the green with gains of more than 1% of the day. Ripple's XRP is correcting higher by 1.39% and Ethereum (ETH) is closely following gains of 0.69% on Monday.

Technical image bitcoin price

Bitcoin is seen trading at $ 3,240 in an uptrend that is underway at the time of writing. Bitcoin recovered after breaking support at $ 3,200 on Friday last week. The downturns further declined with the asset explored for the new 2018 lows at around $ 3,100. Currently, BTC / USD exchanges between simple support and moving average resistance as noted in the table below.

Technical image of Ripple's XRP price

Ripple, on the other hand, is trading at $ 0.294. There is an uptrend that is going on at the time of writing. The asset suffered a higher correction in the last weekend, after reversing the trend of historical lows traded last week last week. Sunday's peak lost momentum to less than $ 0.2960. The decline that followed formed a short-term contractual triangle that interrupts and is what ignited the current resistance attack at $ 0.2940. XRP / USD is trading above the moving averages on the 15th chart to show that the bulls are here and are going to push for a correction above $ 0.30.

Technical picture Ethereum price (ETH)

Finally, Ethereum is still stuck under $ 90.00 despite the reversal that has been going on since Saturday. Last Friday's trading saw the bears embark on another encrypted carnage that sent assets like Ethereum to the highest levels. ETH / USD hit back with $ 82.00 before a limited rebound of $ 88.00. ETH / USD is changing to $ 87.55, while support is 15 (15) moving average (see chart). Another support is highlighted by the ascending line and range support at $ 85- $ 86.