A brief technical and on-chain analysis on XRP price. Here, FXStreet’s analysts evaluate how Ripple bulls take control.
Bitcoin price has historically sold off during the opening of any new derivative futures contract. Will this behavior continue? Ethereum price struggles to cross above the critical $4,000 level and may be held back pending any Bitcoin weakness. XRP price remains in a technical bear flag but is approaching a key time cycle that could trigger explosive price action.
Dogecoin (DOGE) price was on a tear yesterday, breaking three key elements that kept any further upside in DOGE price action muted. DOGE price this morning is seeing quite some substantial bullish inflow at the 55-day Simple Moving Average (SMA). A bullish outbreak would first target $0.29 and next $0.35 as profit levels.