Aave, Basic Attention Token, XRP Movement Price Analysis for 15th February 2021

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The bears rejected XRP with a high resistance line of $0.63 and a prolonged period of bearishness may see the crypto asset hit support of $0.45. While AAVE indicators have shown some optimism in the short term, the path of the wider market could determine its future trajectory. Eventually, BAT looked primed for a bullish reversal and could turn $0.55 in resistance when buying activity picks up on the charts.

Aave [AAVE]

Like XRP, Aave was also in red at the time of writing as a price and traded close to $447 in support. As the candlesticks switched to the lower band of the Bollinger Bands, there was a chance of a bullish reversal in the coming sessions.

The CMF also added hope as the index looked at a comeback above the half-line. However, even in a bullish coin situation, a leap over the 20-SMA was unlikely to occur given a minor pullback in the wider market. If there is another selling at the current price level, AAVE could fall to $385 in support.

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Basic Attention Token [BAT]

Source: BAT/USD, TradingView

Some bullish movement was seen on Basic Attention Token’s 4-hour chart, and the price could turn $0.55 in resistance in the coming sessions. The Stochastic RSI was in the oversold zone and the price could be stabilised above the resistance level if the index moves northbound.

The bearish momentum was also declining according to MACD’s histogram, and a pick-up in buying pressure might see BAT crack its upper ceiling. Conversely, more bearishness may see the cryptocurrency dropping close to $0.466 support.


Source: XRP/USD, TradingView

XRP was rejected at a price level of $0.63 and a 10% decline in the last 24 hours saw the world’s fourth-largest cryptocurrency shift towards $0.55 support. An extended pullback over the coming sessions could negate some, if not all, of the gains made over the last week.

The indicators put their weight behind the vendors. The MACD line was heading just below the signal line, while the Amazing Oscillator was aiming a step below the equilibrium point. Since the 24-hour trading volumes stayed silent, there was a little possibility of a bullish turnaround in the coming sessions. Instead, $0.45 help may be under the spotlight in a bearish outcome. If the bearish momentum fizzles out, expect XRP to test $0.63 of resistance again.

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