RATE Group | XRP Ethereum Classic (ETC) Price Analysis: Sweet and Sour Sauce
38016
wp-singular,post-template-default,single,single-post,postid-38016,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

XRP Ethereum Classic (ETC) Price Analysis: Sweet and Sour Sauce

07 Aug XRP Ethereum Classic (ETC) Price Analysis: Sweet and Sour Sauce

Posted at 20:06h in Ethereum News by

[ad_1]

READ LATER – DOWNLOAD THIS POST AS PDF

With a steady bearish trend in place characterizing many of the larger market cap coins in the cryptocurrency complex over the past eight days, it is often extremely important to identify pockets of relative strength and relative weakness to gain a tactical edge.

Today, we’re going to look at two coins displaying very different characteristics on their chart: XRP and Ethereum Classic (ETC).

XRP

Price Analysis

  • High: $0.41538
  • Low: $0.40514
  • 24-Hour Volume: $243.86MTechnical Analysis, Charting
  • 7-day Percent Change: -8.11%
Chart courtesy of tradingview.com

We have documented the critical moment coming into place for XRP over the past month. In fact, in our last piece, we noted that the coin carried a strong potential for a major bearish breakdown if the $0.425 level was taken out on the downside.

Support at that level had been steadfast and staunch for some time, but it finally gave way late yesterday.

At this point, XRP is now in a bit of a no man’s land…

[ad_2]

Source link