Tezos, Ripple & Polygon — Asian Wrap 20 July

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Tezos XTZ price shows reason to believe in more upside gain. Traders should stay with the counter-trend ascension until more evidence suggests otherwise. Tezos XTZ price currently trades at $1.76. Traders who partook in this month’s bullish trade setup are currently seeing a profit of 15%.

 

Ripple’s XRP price comes in contact with a significant Elliot Wave Trend Channel. Social media is in a frenzy over Ripple’s Co-founder Jed McCaleb’s sales of the XRP token. Invalidation of the bearish thesis remains a breach above $0.47.

 

While MATIC witnessed a rapid decline in the first half of 2022, alongside other altcoins, there has since been a spike in on-chain activity on the Polygon network. MATIC has recouped its losses and key metrics on the Polygon network point towards a continuation of the altcoin’s uptrend. 

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