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XRP, Dogecoin, The Sandbox Price Analysis: 27 November
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Most cryptos saw a slackening November as the trend steadily swayed in favor of bears. Consequently, altcoins like XRP and Dogecoin touched their multi-weekly and monthly lows on 26 November.
Although SAND touched its ATH on 25 November, the near-term technicals hinted at its decreasing bullish force.
XRP
Source: TradingView, XRP/USDT
Succumbing to the market trend, Ripple’s XRP performed quite poorly after striking its two-month high on 10 November. Since then, the bulls visibly failed to counter the sell-off as the trend flipped in favor of bears. With this downfall, XRP formed a descending triangle pattern.
Further, this pullback resulted in a descending triangle breakdown as bears breached the lower trendline (yellow). As a result, a
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