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23.12 - 15:49
XRP, Terra, Dogecoin Price Analysis: 26 December
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While the market seemingly hopped onto the recovery bandwagon, XRP’s 20 SMA crossed its 50-200 SMA forming a golden cross. Now its technicals flashed mixed near-term signs.
Dogecoin blipped but continued its recovery with increasing buying pressure. Terra, however, noted exponential gains and struck its ATH on 24 December.
TradingView, XRP/USDT
As we saw in the previous analysis, XRP continued to oscillate in a rising wedge (green, reversal pattern) after the ascending triangle (white) breakout. The alt saw a 21.3% ROI during this phase as it poked its three-week high on 23 December.
Meanwhile, the 20-SMA (red) crossed the 50-SMA (grey) and the 200-SMA (green), depicting a strong trend reversal for bulls. However, with a bearish divergence
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