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23.12 - 15:49
XRP, MANA, Sushi Price Analysis: 15 December
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With Bitcoin trading at around $48,000 and Ethereum trading between $3,800-3950, the bearish sentiment was driving most alts, at press time.
The selling pressure was most evident in Sushi, as its bulls failed to uphold the 11-month-long resistance. Also, XRP and MANA charts projected substantial dips along with bearish near-term technicals.
XRP
Source: TradingView, XRP/USDT
Although Ripple’sXRP crossed the 38.2% Fibonacci hurdle after an ascending triangle breakout on 9 December, the bulls failed to sustain their edge. As a result, the alt noted a 12.15% six-day decline as it oscillated in a down-channel.
After hitting its monthly milestone on 10 November, the alt steadily took a back seat as the bears took over. Since then, it lost over a
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