XRP, Cardano, Polkadot Price Analysis

By Saif Naqvi7 days ago

XRP highlighted bearish conditions in the market and a fall could take place all the way towards $1.30 before buyers step in. Cardano remained below $1.41-resistance and the volumes were not there yet to support a breakout. Lastly, Polkadot was predicted to rise north from an ascending triangle and head towards $40 or even $42.


A bearish twin peak on Awesome Oscillator saw it move below the half-line as XRP tested $1.42-support. The hourly timeframe painted a slightly different picture, as the AO recorded some bullish momentum as opposed to the 4-hour timeframe. Over the coming sessions, the present support line must be observed as a breakdown could push XRP all the way towards $1.30 before buyers step in.


RSI was in bearish territory as well and a move towards the lower zone would lead to a breakdown on the charts. If the current support is maintained, a bullish comeback above $1.65 was a possibility.

Cardano [ADA]

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