DigiByte, Dogecoin, XRP Price Movement Analysis for 5th April, 2021

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DigiByte experienced a bearish divergence when it crossed the $0.09 threshold. Dogecoin’s price remained stable between $0.059 and $0.055. XRP shows absolutely no signs of easing its upward trend, and the $0.8 mark is reachable with a bullish rally.

Bitcoin at the same time was trading at $57,954 with a 24-hour trading volume of $43.4 billion.

DigiByte [DGB]

Source: DGB/USD, TradingView

DigiByte’s ascent on the 4-hour chart has been fueled by solid bullish momentum. The Awesome Oscillator defied a bearish twin peak and remained above the half-way level. On the downside, the RSI developed lower highs, resulting in a bearish divergence. Since checking the upper region, the index stabilised just below the overbought region at press time.

A sharp drop was unlikely, but there were several warning signals in the economy. A decrease in 24-hour trading volumes may mean the start of a correction. An accident of this kind will illustrate support thresholds at $0.084 and $0.077.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

There wasn’t much to say in the Dogecoin market as the price shifted between the $0.059 and $0.055 channel after seeing rapid fluctuations four days ago. The ADX settled around 30 and exhibited some bullishness, but a split above the upper ceiling did not seem possible. The Awesome Oscillator indicated a bullish-neutral trend. However, if there is one thing that has become clear in the DOGE market in recent months, it is that technicals must be treated with a grain of salt.

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The Dogecoin world emerged from its slumber in 2021 as a result of a multitude of causes, and there was no telling where the once-thought-of ‘meme coin’ would end up in the long run. If the technicals hold, consolidation was likely inside the current channel, with an upside potential at $0.063.

 

XRP

Source: XRP/USD, TradingView

Over the last 24 hours, strong bullish movement pushed XRP above $0.7 for the first time since the SEC declared a complaint against Ripple. After the launch, XRP’s price has been highly resilient to developments in the lawsuit, and the year 2021 has been promising for the embattled cryptocurrency.

Indeed, year-to-date gains of nearly 200 percent highlighted a quick rebound in the XRP industry as Ripple responded to accusations relating primarily to the selling of $1.3 billion of XRP. Ripple was given permission to partially redact records containing confidential commercial knowledge following the most recent hearing.

XRP has risen by 21% in the last two days and reclaimed main values on the 4-hour timeframe. As trade volumes surpassed $11.6 billion, the RSI will most likely remain in the upper zone. The OBV was at a reasonable stage, and further gains were supported by high purchasing demand. In the coming sessions, keep an eye out for the levels $0.8 and $0.83.

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