Ethereum, XRP, ApeCoin, Fantom Price Analysis: 21 March
As the global crypto market saw improvement in its sentiment over the past week, the 4-hour RSI’s of Ethereum, XRP, ApeCoin and Fantom indicated a bullish inclination. However, the bulls still needed to back up their rallies on increased volumes to claim a comfortable position above their critical supports.
Ether (ETH)
Source: TradingView, ETH/USD
Since falling from its November highs, ETH lost the vital $3,200-mark as the bears flipped it to resistance. The bearish phase led ETH to lose more than half its value as it plunged towards its six-month low on 24 January.
While the bulls were keen on ensuring the $2,300 base, the alt gradually recovered since then. Recently, ETH bounced back from its two-month trendline support (white, dashed) and broke out of the down-channel (yellow). Now, as the 20 EMA (red) jumped above the 50/200 EMA, the bulls displayed a visible edge.
At press time, ETH was trading at $2,869.3. After a recent reversal from the overbought mark, the RSI found support at the midline. A recovery from here could find a ceiling near the 58-mark.
XRP
Source: TradingView, XRP/USDT
Since falling below its long-term Point of Control (POC, red) at the $0.76-mark, XRP fell towards its six-month low on 22 January. Post that, the bulls stepped in to defend the long-term $0.62-support.
Consequently, with an over 33% revival since, XRP flipped the EMA ribbons toward the bullish side. Meanwhile, it reclaimed its position above the POC as the bulls stepped on the front foot. From here on, the immediate resistance stood near the $0.83-mark before a possible pullback.
At press time, XRP traded at $0.8101. The CMF depicted a buying edge as it managed to hover above the zero-line. Furthermore, the recent movements revealed a hidden
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