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XRP, MATIC, Terra Price Analysis: 17 December
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As the market condition over the past 24-hours resonated with the bears, altcoins like XRP, MATIC and Terra saw losses on their daily charts. While XRP bounced back from its bullish trendline, MATIC and LUNA struggled to hold their immediate supports.
TradingView, XRP/USDT
As XRP saw a down-channel breakout on 16 December, the bears quickly triggered a pullback. But the 20-SMA stood as strong support as the alt saw a couple of green candles from the $0.8-mark.
For over a week, the bulls attempted a breakout of the $0.84-mark after retesting it multiple times. XRP has been on a downtrend since 10 November now, after noting a nearly 39.14% decline since then. Thus, it became difficult for the bulls to find a trend-altering impetus.
However,
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