Price Analysis

XRP Price Gets Uplifted, NEO and ATA Hitched in a Similar Trend?

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Highlights

    XRP price rises high post volatile movements in the last week.

    NEO price has flipped from the bearish trap, soaring gradually to touch back $50

    ATA, a just ventured crypto, is sailing linearly, expected to smash yesterday's high in the late hours

XRP Price Set off to Move High

The Ripple XRP price had been trending in the cryptocurrency market amidst its price fluctuations for quite some time. But the price movement has begun to stabilize in the past few days. In the last 24 hours, when the price was substantially surging to $0.973, it fell into an ‘M’ shape and thereby into a bearish trend which dipped deep to $0.827. Currently, the price is recouping from the dip.

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XRP

At the time of typing, the XRP price is $0.877. In the early hours, with the selling pressure arresting, the price was mounting from $0.847. If this movement continues, the price will surge significantly, with bulls rallying further it may touch $0.980 or higher. However, if the bulls in the line are overtaken by bears, then the price might eventually drop back to its previous range.

Technical Specifications 

  • The resistance value is $ 0.943
  • The support value is $ 0.927
  • The indicators point out a sell signal.

NEO Price Recoup With the Downtrend

The price of NEO was seeing constant highs and lows for the past few days. Today, the price began slashing greatly and knocked down at $47.71. Undoubtedly, the buying pressure was intense, preventing the price from rising. Currently, with some bulls, the price is expected to rise and might form a steep V shape if the bullish momentum is acquired.

XRP

At the time of typing, the NEO price is $49.49. In the early hours, the price surged from $48.37 approaching $50 and beyond for today’s new high. If this continues, the price may swell further near $52 and further. But if it comes across any setback the price may fall back from this point near $50.25.

Technical Specifications 

  • The resistance value is $ 56.58
  • The support value is $ 53.17
  • The indicators point out a sell signal.

ATA Might Reach a New Daily High Soon

The ATA, the native cryptocurrency of the Automata network, landed on its feet only yesterday, opening with $1.80 and even surged up to $2.55 on the same day. However, earlier today the price reversed its movements and is slightly bearish. Currently, the price is moving linearly at $1.20, trying to overcome the bearish trap.

XRP

At the time of writing, the ATA price is seen at $1.20. In the early hours, the price was sailing near $1.65, but it lost momentum and fell to $1.303. If ATA manages to push itself, it might reach a new ATH, in the coming hours that exceed $2.55. If the movement cannot rally smashing the last high, it might sail in the same range or dip to $1.

Technical Specifications 

  • The resistance value is $ 1.81
  • The support value is $ 1.50
  • The indicators point out neutrally.

Also read: Ethereum price prediction, Will ETH hit $5000 in 2021?

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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.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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