The altcoin industry observed a plunge as the prices dipped for the majority of the alts. As a result, altcoins like XRP, Chainlink, and Litecoin noted losses on their daily charts.
Near-term technical indications for all the above alts suggested a decreasing buying momentum and favored the sellers.
TradingView, XRP/USDT
XRP oscillated in a downtrend between two parallel lines heading south until last week. Quickly after this, XRP bulls triggered an uptrend as the price witnessed a nearly 3% Weekly ROI. As a result, the price touched its two-month high on 4 November. Subsequently, the price action witnessed a pullback. As a consequence, the digital currency noted a 4.5% loss in the past 24 hours and traded at $1.1322. XRP bears displayed
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