Posted on: November 25, 2020 Posted by: admin Comments: 0

The bullish sentiment has not yet abated in the altcoin markets as many coins saw a dip in price. The sellers were not yet out in force and XRP and Dash still had the legs for another move upward.

XRP

XRP, Dash, BAT Price Analysis: 25 November

Source: XRP/USD on TradingView

XRP rose to $0.78 before facing selling pressure (although Coinbase saw a spike to $0.92 before crashing in seconds). Using the Fibonacci Retracement tool, some levels where XRP could retrace to are highlighted.

Considering that the asset has more than doubled in value within a week, XRP could retrace up to 60% of the recent gains. Yet it was too early to call the local top for XRP.

The falling trading volume on a pullback suggested that further upside is possible. The price tested support at $0.62 and bounced upward after a bearish divergence on the RSI.

The momentum was still with the bulls and more buyers can be expected to arrive at the XRP market in the coming days.

Dash [DASH]