XRP, Tron, BitTorrent Price Analysis 18 December
With the Bitcoin fear and greed index flashing an ‘extreme fear’ situation over the past week, the resulting impact can be seen on most cryptos. XRP flashed weak technicals while Tron and BitTorrent lost their crucial price points that the bulls upheld for months.
XRP
Source: TradingView, XRP/USDT
Since 7 December, XRP has found an oscillating range between $0.88 and the $0.77-mark. The Squeeze Momentum Indicator continually flashed black dots and resonated with the consolidation tendencies.
After an ascending triangle breakout on 8 December, the bulls broke above the $0.88-level but quickly dipped below the 20-50 SMA lines. This fall witnessed a down-channel (yellow)on its 4-hour chart.
Over the past week, the 50 SMA stood as a good resistance
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