Following the market pressure made by the bears yesterday, the bulls managed to seize the control of the business overnight. However, the best token, such as Ada and XRP, continued to record mixed price movements in daily graphics. Considering the existing market feelings, will the XRP and island price will be increased and will it reach a new level of 52 weeks in the coming days? Crypto currency analyst Elena R is examining the technical pictures of both toks.
XRP Price Estimation: Token holds above the important level of support!
Although it decreased by about 20 %in seven days, the XRP price increased by 21.86 %this year. This emphasizes a powerful long -term rise price movement for this Altcoin in the crypto market. Moreover, with a market value of $ 143.63 billion, it maintained its place in 03. The moving average convergence deviation (MACD) has made a continuous increase in the red histogram with its averages that have a similar price movement during the daily time period. In addition, the EMA 50/200 shows the increasing tendency to decline, the XRP price indicates a mixed price movement.
XRP/USDT Price Movement. Source: TradingViewIf bulls keep the XRP price above a significant support level of $ 2.50, this may cause Altcoin to re -test the $ 3 resistance level this week. However, the continuation of the decline tendency may increase the price below $ 2 in the coming period.
Ada Price Estimation: Altcoin broke its important support of $ 0.80!
In the midst of the ongoing market uncertainty, the Cardano (Island) price tended to a neutral price within 24 hours. However, in seven days, approximately 25 % and 34.11 % in the last 30 days. In particular, it ranked 9th in the market with a market value of 25,384 billion dollars. The relative power index (RSI) fell below the excessive sale range in the island price graph. Moreover, the SMA indicator constantly serves as a resistance against the price table. This shows that there is an increase in over -sales pressure for Altcoin in the crypto market.
Ada/USDT price movement. Source: TradingViewSuppose a rise is reversed, then the island price can re -test the level of $ 1 upper resistance. On the contrary, if the bears leave the bulls behind, it may cause them to re -test the low level of $ 0.60 this week.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
