XRP continues its complex movements after a period of high volatility. While XMR is moving in a horizontal channel, breakage does not seem possible in the next few sessions.



Ripple (XRP) price analysis

There is some caution in the XRP market, and the coin has continued its consolidation phase over the past few days. Before the consolidation, there was a period of high activity where the crypto asset rose to December 2020 levels and then fell to support of $ 0.36. Bollinger Bands showed low volatility in price as the bands were tightened. A break in either direction is unlikely in the upcoming sessions as trading volumes and buying activity continue to be suppressed.

The Awesome Oscillator is bullish independent as a single green bar was recorded on the index during the last trading session. Moving forward, XRP may continue to move volatile on the charts.

Monero (XMR) price analysis

Monero moves in its horizontal parallel channel. Since chain metrics are giving mixed signals at the time of writing this article, there are no clear indications of a breakout. The Stochastic RSI supported an optimistic result after trending upward in the oversold zone. An upward break could see XMR challenging the $ 163 resistance.

On the other hand, the dotted marks of the Parabolic SAR rose above the candlesticks and offered sell signals on the XMR. In the event of a downward move, the next support areas are at $ 143.3 and $ 139.4.


Please enter your comment!
Please enter your name here