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XRP, Cardano {ADA} price prediction for the week; Ripple initiates massive transfer

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In accordance with the candlestick chart linked to the XRP/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], bears are the dominating force one needs to watch out for. The daily RSI [for 14 periods] sits at 42.57 which indicates that the asset isn’t too far away from oversold territory.

From 10th November onwards, the peaks tied to the Awesome Oscillator were established underneath the zero line. Their brown shade points towards the increase in terms of bearish momentum. However, as it was noted today, the space between the MACD line and the signal line has contracted, thus ensuring that the crimson histogram adopted a faded appearance.

Support can be found near $0.25078, and resistance may play a role at $0.315 later on.

According to the candlestick chart associated with the ADA/USD pair on tradingview [based on data obtained from Bittrex Exchange], sellers are presently in-charge, trying to driving $ADA’s price down towards $0.038. The initial support level close to the $0.04066546 mark lies intact, and barriers may be felt if $ADA can afford to soar and reach $0.0446.

The final peak linked to the Awesome Oscillator bears the green shade. Although the MACD line is closing in on the signal line [thereby causing the emerald histogram to contract], Cardano may encounter bullish momentum. The first balance check and snapshot took place hours ago. This may prove to be a crucial bull-flag in the foreseeable future.

The daily RSI [for 14 periods] is almost at 55, which indicates that $ADA is advancing through the neutral zone.

XRP is ranked at #3 to the south of Ethereum but above Bitcoin Cash in the market. The trading volume recorded stands at roughly $1.361 billion, while the supply has 43,298,481,757 XRP coins in play. The total market cap of XRP is $11.856 billion. The price sunk negligibly, at a rate of 0.15% in the course of the past 24-hours; this, in turn, led to XRP declining all the way down to the $0.273822 mark where it presently rests.

Cardano is positioned at #12 in the market. The price plunged at a rate of 1.46% in a matter of hours. The trading volume recorded is $53.83 million. The total market cap of Cardano amounts to $1.132 billion as of this instant. As a virtual currency, ADA itself is priced at $0.043684.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.