Ripple (XRP) Price to Withness a Final Pullback Before a Rebound
Although the bears caused massive turbulence in the past few days, the crypto space appears to have emerged from the storm. In times when the price of Bitcoin is struggling to hold above $67,500, Ripple is exercising significant power, which may end up barging at some crucial levels soon. With the price testing the ‘ley-resistance’ zone for over a fortnight, the question appears to be whether the bulls are fully ready to initiate a breakout.
The weekly chart of the XRP price has been training within a decisive symmetric triangle for over a period. The bulls are having acute trouble breaking above the resistance, resulting in constant rejection. However, the support levels remain elevated as the RSI trades around the average range. Besides, the DMI is appearing bearish, which indicates the token could undergo a small plunge to $0.55, beyond which a strong rebound could break above the triangle.
Litecoin (LTC) Price Holding Strength
The Litecoin price has been considered the most underrated token as it’s the first altcoin that has sustained till now. The 2021 bull could elevate the price to $380 while a larger price action was expected. However, after rebounding from the lows at $40, the LTC price has skyrocketed beyond $110, which has resulted in extended bearish action. Meanwhile, the price has broken above the decisive triangle, and the token is retesting the support.
The price of Litecoin ranged out of the triangle in the last few days of February and faced a massive pullback after testing the 200-day weekly MA levels. However, the 100-day weekly MA is offering a strong base, which may trigger a healthy rebound in the coming days. Besides, the MACD has remained bullish for long but has come within the bullish range in the past few days. Hence, after a minor retest, the LTC price appears to be sure of a magnificent run that may surpass the previous highs to achieve levels beyond $500.
