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#ChristmasMarketAnalysis
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The
#Altcoin
market capitalization has had a beautiful retest and is expected to continue to $2.5T.
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#BTCNextMove During the latest crash, XRP briefly slipped under the $2.0 level, but it seems the coin has managed to recover back above the mark for now as its price is trading around $2.1.
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#ChristmasMarketAnalysis In a new Crypto Flash Flashtake post, community analyst Maartunn has talked about how the altcoins currently compare against each other based on their monthly Binance futures trading volumes. The “trading volume” here refers to an indicator that keeps track of the total amount of a given asset that’s becoming involved in trading on a centralized exchange. In the context of the current topic, the platform is Binance. Below is the chart shared by the analyst that shows the trend in the monthly value of this metric for various top altcoins in the sector.
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#BTCNextMove $XRP Could Be The Altcoin To Recover Quickly, Crypto Flash Analyst Explains Why XRP has crashed alongside the rest of the cryptocurrency market, but this analyst thinks the asset could be the one to find a quick recovery. #bitcoin
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#ChristmasMarketAnalysis XRP Price Faces Resistance At $2.40 $XRP price started a fresh increase from the $2.00 support level, unlike Bitcoin and Ethereum. However, the bears were active near the $2.38 and $2.40 levels. A high was formed at $2.38 and the price started a fresh decline. There was a move below the $2.30 and $2.25 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. There is also a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the $XRP /USD pair. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.25 level. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.620.
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#ChristmasMarketAnalysis XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone. $XRP price struggled to clear the $2.40 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the $XRP /USD pair (data source from Kraken). The pair might continue to move down if it stays below the $2.30 resistance.
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