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21.11 - 16:17
XRP, Litecoin, EOS Price Analysis: 19 November
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Market dominators Bitcoin and Ethereum noted double-digit weekly losses, at press time. Consequently, altcoins like XRP, Litecoin, and EOS corresponded by registering over 24% retracements in nine days.
All these coins struck their weekly or monthly milestones on 10 November. After which all of them were in the correction phase and now showed signs of a possible recovery.
XRP
Source: TradingView, XRP/USDT
Since mid-October, XRP has followed a dynamic trajectory. After moving sideways for nearly two weeks, it oscillated within the ascending parallel channel (white). During this phase, XRP rallied by 35% to touch its two-month high on 10 November.
Since then, however, the bulls lost their vigor as the trend flipped into a down channel. This
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