XRP has fallen sharply in the past 24 hours after selling pressure has enveloped the market, and more downside movements can be expected in the next few trading sessions. CRO is aiming for an increase above its resistance at $ 0.065 as purchasing activity increases.

 

 

Ripple (XRP) price analysis

Selling pressure on XRP has increased with its price falling by more than 40% in the last 24 hours. While the cryptocurrency moves into the red zone, most of the gains made in the last three days have been denied. On Balance Volume reflected the most recent price action as the index fell sharply on the charts. The Relative Strength Index also stabilized in neutral territory after falling from the overbought zone.

More bearish signals dominated the market as the price broke below the 20 SMA (blue) on the 4-hour chart. While XRP is currently pegged above the $ 0.36 support, a drop to the 200-SMA (green) can be expected in the near future.

Crypto.com Coin (CRO) price analysis

Crypto.com Coin losses were cut at the $ 0.06 support as the bulls prevented further declines. On the On Balance Volume indicator, buying pressure was evident as it moved with the price. If the bulls push the crypto price above the $ 0.065 resistance, it could signal a potential bullish cycle for the CRO to move forward.

See Also
Ripple Co-Founder Jed McCaleb Sold $ 400 Million XRP In 2020!

On the other hand, if the price fails to break the upper ceiling, the CRO could move rangebound in the next few sessions. Finally, Chaikin Money Flow suggested that a bearish scenario is unlikely as the index is aiming for a return above zero.

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