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The global crypto market did not flash high volatility over the last day. However, XRP and Basic Attention Token (BAT) have registered double-digit gains over the past three days. On the contrary, Dogecoin saw a decline of 7.9 % in the last 24 hours.
BAT noted a monstrous growth and showed signs of easing the bullish momentum, whereas XRP displayed mixed signals.
Ripple’s XRP has been oscillating in a downtrend between two parallel lines for the past 21 days, with decreasing highs. As a result, the alt fell to a four-week low of $0.9483 on October 27. However, XRP bulls triggered an upwards run over the last three days, with the price-action gaining nearly 13%. (three-day).
As a result, the price rose above its immediate support at $1.0702 and broke through its upper trendline. Furthermore, the rise was accompanied by slightly higher trading volumes, indicating a positive trend.
At press time, XRP was trading at $1.112, up 2.07 percent from the previous day. The short-term technicals indicated a preference for buyers.
The Relative Strength Index (RSI) surged by 17 points, visibly indicating a bull momentum. Additionally, bullish readings on the DMI gave buy signals in the near term. However, the ADX line displayed a weak directional trend.
Since September 26, the DOGE price action has followed a rising wedge pattern. The digital currency generated a monthly ROI of more than 19%.
As a result, the alt reached an 11-week high on October 28 and bounced back from the upper trendline. DOGE, on the other hand, fell 7.9 percent in 24 hours as near-term technicals favoured sellers. DOGE was trading at $0.2662 at the time of publication.
The RSI fell by 10 points, indicating a downtrend.
Furthermore, MACD and AO indicated a preference for sellers in the near term.
Basic Attention Token (BAT)
BAT has seen unrivalled growth in the last day, with a 42.46 percent ROI in the last 24 hours and a nearly 83 percent ROI in the last three days. Since October 28, the price has been on a bullish run, quickly breaching the immediate support at $0.9031.
As a result, it surged to a 24-week high of $1.4685 on October 31st, with heavy trading volume. The momentum was clearly with the buyers, as the price traded significantly above its 20-50-200 SMA.
However, there is a pullback after the 24-week high, as near-term technicals suggest that the bullish momentum may be easing. The price of the altcoin was $1.1265.
The RSI stood in the overbought territory and preferred the buyers but also hinted at a possible reversal. Moreover, the DMI depicted buying strength but pointed at possible ease in bullish momentum as the DI line looked downwards. Also, MACD flashed shorter light green bars and confirmed the previous readings.