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23.12 - 15:49
XRP, EOS, Sushi Price Analysis: 7 December
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The bulls triggered an impressive run over the past days after a sharp value diminution on 3 December. Thus, after poking their 46-week lows on 3 December, EOS and Sushi registered double-digit gains on their daily charts.
The near-term technicals for XRP, EOS, and Sushi indicated a bullish rise, but the overall outlook still remained bearish.
XRP
Source: TradingView, XRP/USDT
After hitting its two-month high on 10 November, Ripple’s XRP lost more than half of its value and touched its four-month low on 3 December. The alt marked a falling broadening wedge (yellow) post an up-channel breakdown.
As the price fell below the golden 61.8% Fibonacci level, a further breakdown occurred below the 16-week long resistance at the $0.88-mark.
However, as
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