XRP, MANA, The Sandbox Price Analysis: 19 December
As the ‘fear’ condition still existed, Bitcoin floundered around the $47,000 mark while XRP technical indicators flashed mixed signals.
Metaverse tokens like Decentraland and The Sandbox correlated as their price action jumped above the 50-SMA while flashing slightly bullish indications.
TradingView, XRP/USDT
XRP managed to form two ascending triangles over the past 15 days and found its testing points between the $0.84 and $0.77 range.
After an ascending triangle breakout on 8 December, the bulls broke above the $0.88-level, but the price quickly dipped below the 50-SMA (blue).
Now, XRP saw a 7.91% five-day gain as it moved above the aforementioned level to flip it as immediate support. It becomes crucial to take note of the bullish divergence
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