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23.12 - 15:49
XRP, Algorand, Sushi Price Analysis: 16 December
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As the crypto market endeavored to propel a recovery phase, XRP and Algorand saw a down-channel breakout. The near-term technicals of these cryptos, as well as Sushi, exhibited a slight bullish inclination. However, to turn the overall trend in their favor, the bulls are yet to gather more volumes.
XRP
Source: TradingView, XRP/USDT
XRP witnessed a down-channel breakout on 16 December after the bulls retested the upper trendline (yellow) thrice. Well, after the 3 December plunge, the alt oscillated between the $0.88-mark (16-week long resistance) and the $0.765-mark.
After hitting its monthly milestone on 10 November, the alt performed quite loosely as it noted a 38.69% loss since then. Now, the 20-EMA (white) stood as the immediate support
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