XRP, Vechain and Tezos Price Analysis: 04 March

ambcrypto.com:

After witnessing an upward movement over the previous week, XRP, Vechain, and Tezos struggled to maintain an uptrend. Furthermore, the buying strength of XRP and XTZ dropped by a significant margin. However, VET seemed consolidated on its chart.

XRP (XRP)

Source: TradingView, XRP/USD

XRP witnessed a gradual descent from the $0.89 level in the first half of February. This pushed the alt to find critical support at the $0.62 level on 24 February. However, after 24 February, amidst escalating tensions in Ukraine, XRP still managed to bounce back and has maintained an upward trajectory since (yellow trendline).

After facing a major sell-off, XRP witnessed an increase in buying strength. At the current price, if bulls exert pressure, the token might test a local resistance at the $0.79 level. Since 25 February, XRP has traded between its previous level of support at $0.71 and the near-term resistance at the $0.79 level. The price, however, breached the trendline support (yellow) on 3 March for the lack of much demand. And, it might as well retest the support level at $0.71 once again. Notably, over the last three days, a continuous decline in volume and buying strength has been noticed. TheRSI as a result was hovering near 41.52 while the AO confirmed a bearish momentum for the next few hours.

Vechain (VET)

Source: Vechain (VET)/USD TradingView

VET experienced a sharp decline from 17 February to 24 February. It moved in a descending channel to find necessary support at the $0.04012 level. The alt consequently bounced from there to move up over the past week and reached the local resistance at the $0.0528 mark.

Since 1 March, there hasn’t been significant movement in VET’s price action. In fact, it has been moving sideways. Even