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XRP Price Analysis, Ethereum Classic, MATIC: Aug 21




Altcoins rose on their respective charts, as the overall market gained. MATIC showed a 12.4% rise as it bounced off its recent support level of $ 1.54, ETC posted a 5% gain, while XRP continued to consolidate between $ 1.31 and $ 1.20 respectively.

XRP

XRP posted a 4.1% gain in the last 24 hours, trading at $ 1.25. However, the alternative had not yet collapsed above the $ 1.31 resistance level. XRP was seen to consolidate between the $ 1.31 and $ 1.20 levels respectively.

Technicians pointed to a lower price action. Awesome oscillator flashing red signal bars underscoring that prices could fall further. MACD it also exhibited retracement green bars on its histogram as it anticipated a bearish crossover. Support levels for XRP lie at $ 1.20 and $ 1.06.

the Relative Strength Index it remained in positive territory, above the 50 mark, as the buying force remained in the market. If a price reversal occurs due to increased demand, XRP could retest the $ 1.31 resistance mark.

Ethereum Classic (ETC)

XRP, Ethereum Classic and MATIC Price Analysis - Aug 21

ETC / USD, TradingView

ETC posted a 4.9% gain following broader crypto market sentiment. It was trading at $ 69.23 as it looked at the $ 65.48 support level. On the contrary, the indicators still painted a bullish price action for the coin.




Awesome oscillator you noticed growing green signal bars, which meant the coin was still trending up. Relative Strength Index noticed a rebound, while remaining above the midline. The same was the presence of buying pressure in the market.

Bollinger Bands diverged, which implies that market volatility could increase during the next trading sessions. If ETC maintains bullish momentum, it could test the price ceilings of $ 71.96 and $ 76.12.

Polygon (MATIC)

XRP, Ethereum Classic and MATIC Price Analysis - Aug 21

MATIC / USD, TradingView

MATIC posted an impressive 12.4% gain from yesterday, as it bounced off its $ 1.54 support level yesterday to trade at $ 1.66. The alt prepared to test the $ 1.71 resistance mark that it had last touched on June 15.

All MATIC indicators on the four-hour chart were optimistic. Green signal bars on the Awesome oscillator strengthened, underlining the aforementioned observation. Relative Strength Index it fell below the overbought zone while remaining in the positive zone.

Chaikin money flow it also posted a rebound and was seen above the midline. A depreciation in price could cause MATIC to rest at the $ 1.54 and $ 1.42 support lines.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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