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XRP was forming a bullish triangle and could break to the upside, but there has been a noticeable lack of buying volume in recent days. Tron attempted a breakthrough but the bears remained steadfast and at press time the bears were in control of the market. BAT was forming a series of lower highs as it headed towards an important support level.
XRP
Source: XRP / USD on TradingView
XRP formed an ascending triangle (white). This is a bullish pattern that could see the price breakout to the next resistance at $ 0.267 and above.
However, the OBV showed that the volume of purchases has dropped dramatically over the past two weeks. The price was unlikely to rise as it was at odds with the interest of market participants.
So XRP could face some losses in the coming days.
In other news, Ripple CEO Brad Garlinghouse recently said tech companies had an “obligation” to help work on social issues, and were against Coinbase’s apolitical stance.
Tron [TRX]
Source: TRX / USDT on TradingView
TRX was forming a symmetrical (white) triangle and seemed to burst a few days ago. Trading volume increased, but the next session saw even more intense trading activity as sellers forced the price back down.
Subsequently, the asset had a weak upward movement but did not have a bullish momentum. The MACD formed a bearish crossover and appeared to be headed below the zero line.
The next level of support for TRX is found at $ 0.0258.
Basic Attention Token [BAT]
Source: BAT / USD on TradingView
The moving averages have painted a bearish picture for BAT. The 21 EMA (white) moved below the 55 EMA (pink) for most of the previous month.
At the time of writing, the 21 EMA appeared to fall below the 55 EMA after BAT declined from $ 0.224 to $ 0.211.
The asset has a support level at $ 0.2 and the bulls should defend this important level to begin a period of accumulation.
