Boomerang Within the Crypto Space – XRP, LINK, DOT Price Surge With a Decent Edge


The blood bath over the other crypto assets seems to have settled down a bit, with the maximum number of assets rebound with significant numbers. However, the major assets like Bitcoin and Ethereum are likely to ascend towards their targets of $15,000 and $500. 

After, breaking down below $10 for a small frame time in the recent past, LINK price appears to have rebound to some extent. The market capitalization also has regained above $4 billion mark triggering an uptrend for the asset in the coming time.

The Chainlink price at the press time is $10.46 with a jump of 1.57 percent in the last 24 hours. However, the market sentiments in the past day were very bearish which need time to shift which can be expected in the next couple of days.

  • The resistance for the short term is formed at $10.69, after breaking the next resistance to test would be $11.7
  • The short-term support levels are formed around $10 which needs to be very strong else, the next level around $9.5 will be tested shortly
  • The technical indicators as mentioned above point out in between ‘sell’ and ‘being neutral’ signals.

Polkadot(DOT) Price

Polkadot price in the recent times trembled nearly 10 percent to touch below $4 mark. Yet in recent times, the DOT price seems to have entered the correction phase by recovering from the losses. However, a still more long way to go.

DOT price at the time of reporting is $4.11 with a jump of nearly 1.94 percent compared to the past working day. The market sentiments appear to be bullish with an enormous amount of tokens being bought by the investors.

  • The resistance lies at $4.16 which needs to be broken to test the next level at $4.26
  • The support levels are formed at $4.09 which needs to be maintained strongly else the next levels at $3.88 would be tested.
  • The technical indicators point ‘neutral’ indicator.

XRP Price

XRP the native token of Ripple had a huge downturn in the past couple of days, where the asset visited 0.22 levels. Fortunately, the XRP price swelled with decent figures, hoping to surge with significant numbers.

Presently at the time of composition, Ripple price stands at $0.239088 with an increase of 0.87 percent in the last 24 hours. Considering a 4percent dump in the last 24 hours, a jump of 0.87 percent could be a decent one.

  • The present resistance levels are formed at $0.2413. After breaking these levels the next levels are formed at $0.24376
  • The current support levels are formed at $0.23836, above which the assets need to sustain else it would slide down to next levels at $0.23605
  • The technical indicators point towards ‘sell’ 

The entire crypto market is painted in green with a swell in the market capitalization of about 5.42 percent to touch above $431 billion. The total market volume over the last 24 hours also surged with a massive 1034.42 percent to reach $977.13 billion, which is huge. Hence good profitable days are awaited for the crypto space in the coming days. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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