XRP is trading within the symmetrical triangle but the price is expected to swing further between converging trend lines before going up. Dash, on the other hand, is waiting for additional hints to raise the hard resistance level to $ 328.60.
XRP price analysis
While the news about XRP created the agenda in the market, the cryptocurrency gained an increase in the charts accompanied by positive emotions. Earnings over the past week alone have grown to over 44%, and more may come in the coming days. On the daily charts, XRP traded within a symmetrical triangle, but a breakout does not seem clear, at least in the short term.
At the time of this writing, a candlestick has turned red after touching the upper trendline, and the price will likely show fluctuating movement between the two trend lines before moving up.
The Fibonacci extension levels at 50%, 61.8% and 78.6% offered several targets for the bulls in the event of an upward break from the current model. The RSI is below 65 but is still in the bullish zone. If the MACD completes a bullish cross, the price could move above the upper trend line earlier than expected.
Dash price analysis
Dash closed at a resistance level greater than $ 328.60 in the 4-hour time frame, but trading volumes are not yet visible to support an upward move. The RSI fell below the overbought zone, suggesting DASH should stabilize before the next step. This could happen at the support level of $ 295, a region that has historically shown some buying behavior during previous rallies.
The Awesome Oscillator recorded a shift in momentum to the bearish side as the price neared its upper ceiling. When price touches the defense line at $ 295, momentum can change hands once again.