3rd January Crypto Price Analysis covering: Dogecoin,  Monero, XRP

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was wildly positive on the charts as he soared past $0.01 to hit $0.0139. Monero will strive not to lose the $130 and $140 heights to bulls, while XRP saw a bounce of $0.24 then slid back down.

Dogecoin [DOGE]

XRP, Monero, Dogecoin Price Analysis: 03 January

Source: DOGE/USDT on TradingView

The 20 SMA on the 4-hour map was a laughable distance away from the price. The Fibonacci Extension Stage of 61.8 per cent saw a brief pullback, but DOGE rocketed past it a few hours later and almost hit the next level of growth, 261.8 per cent above the low DOGE swing set almost three weeks earlier.

Timing a short for DOGE can lead to losses, but pullbacks may be used instead to reach long positions. Just the Stochastic RSI predictor displayed a DOGE pullback.

The momentum metrics is largely over-bought, but the indicators do not outweigh the consumer sentiment.

Monero [XMR]

XRP, Monero, Dogecoin Price Analysis: 03 January

Source: XMR/USDT on TradingView

The OBV suffered a dive when panic selling caused the price to lose almost 23 percent in value before a rebound. However, it was not enough to counter XMR’s purchase amount against the advances achieved in recent weeks.

Losing $130 would herald a shift to $115 for XMR, while any stabilisation in the vicinity of $130 or $140 could see the bearish feeling steadily fading away.

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Chief Executive Officer of KrakenFX, Jesse Powell, noted that the Monero delisting of Bittrex was most likely due to something unique on the commercial side of the Bittrex exchange, suggesting that the wave of delisting would not obey XMR as XRP did.


XRP, Monero, Dogecoin Price Analysis: 03 January

Source: XRP/USD on TradingView

XRP saw a dead cat bounce off the $0.17 support level and saw a candlewick climb as much as $0.25 resistance before the sellers pushed the market back down.

The $0.25 resistance and the $0.2 support are the most critical thresholds for XRP at the time of writing, and XRP steadily slipping down under the $0.23 mark was an indication of bearish sentiment.

RSI has demonstrated a downward trajectory as cryptocurrency/security failed to retain its share valuation in the wake of a surge of delistings.

Ripple backers submitted an online petition to the White House to “ask the federal government to deem XRP a currency” and have 11,500 signatures, but need 100,000 signatures to obtain a response from the White House.

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