đ Prediction (NOT and XRP):
đ NOT/USDT - The #NOT token currently lacks a strong enough bullish momentum to start showing signs of recovery. Forecast: At the time of writing, NOT is trading at $0.01095, having increased by 3.40% over the past 24 hours. However, over the past seven days, the cryptocurrency has slightly declined by 0.57%. Based on the factors described above, Notcoin now has a chance to finally initiate a rally and break out of the downtrend. If the token can turn $0.013 into support, it will confirm the beginning of NOTâs recovery. The aforementioned level is a critical point that has been tested multiple times as both support and resistance. After breaking through $0.013, Notcoin could potentially rise to $0.015. However, if the breakout attempt fails, NOT risks getting stuck in a consolidation phase between $0.013 and $0.009. A prolonged sideways movement would completely negate the bullish scenario.
đ XRP/USD - According to CryptoQuant, whales have significantly reduced their transfers of #Ripple to exchanges â as of August 18th, the number of such transactions has decreased tenfold. Typically, an increase in this metric is seen as a negative signal, indicating that large investors may want to sell tokens. Conversely, a decrease suggests a withdrawal of funds from the platform, which is a positive sign. Forecast: At the time of writing, #XRP is trading at $0.6005, having increased by nearly 4% over the past 24 hours. Additionally, the altcoin has gained 20% in value over the past seven days. The SAR indicator suggests that Ripple's upward movement may continue. The chart below shows that the SAR line (dotted) is below the token's price line. Moreover, XRP's price is above the 20-day (blue) and 50-day (yellow) exponential moving averages (EMAs). The EMA indicator assesses the trend direction. The price being above these lines also indicates a bullish trend. Thus, Fibonacci indicator analysis shows that if the rally continues, XRP's price could reach $0.65.
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