Crypto GuestPosts

Since January 7, the price of Ripple (XRP) coin has been able hold above the $0.54 support level, indicating a recovery.

The altcoin has been pushed to the moving-average lines in anticipation of a positive trend.

The XRP Price Long-Term Forecast: Bearish

The cryptocurrency reached a peak of $0.62 before falling. Moving average lines limit the upward movement. XRP's price is currently $0.59.

If the price breaks over the moving average line, XRP's uptrend will resume. The cryptocurrency will continue rising and reach its previous highs of $0.67, and $0.75. The altcoin is expected to fall back down to its previous lowest price of $0.54, where there will be a lot of selling pressure.

Analysis of XRP indicators

XRP trades below the moving-average lines because buyers cannot sustain price bars above these lines. If the price bars remain below the moving-average lines, the altcoin is at risk of a drop. The movement of cryptocurrency price is also affected by the dominance of the price action.

Technical indicators

Key Resistance Levels - $0.80 & $1.00

Key Support Levels - $0.40 & $0.20

What's the next step for XRP?

After the price increase on January 3, XRP is now trading between $0.54 to $0.62. XRP has been falling and is approaching the lower price range. The price will be range bound if the altcoin retraces above the $0.54 resistance. If the bear breaks through the $0.54 resistance, the market will drop to the floor.

Coinidol reports that XRP fell below the moving-average lines last week and traded at $0.57 because of the depreciation.

Disclaimer. This analysis and forecast is the author's personal opinion and not a recommendation for buying or selling cryptocurrency. It should not be seen as an endorsement from Coinidol. Before investing in funds, readers should research the market.

Polygon (MATIC), price falls below moving average lines. CryptoGuestPosts.com's Polygon price analysis.

Long-term Polygon price prediction: Bearish

The altcoin reached its highest point on December 27 at $1.09, before it began to decline. The moving average and resistance at $0.84 are slowing the upward movement. Polygon will resume its upward trend if it breaks through these barriers. Polygon's bearish momentum will return if it encounters resistance near the moving average line. The altcoin is expected to drop as low as $0.61. The downward momentum may reach the bottom of chart. Altcoins are currently being sold for $0.81.

Analysis of the polygon indicators

The moving average lines are above the price bars of cryptocurrency. As long as the price bars remain below the moving average line, the bearish momentum could continue. Moving average lines are moving downwards on the 4-hour chart, which indicates the current decline.

Technical indicators

Resistance levels: $1.20 $1.30 $1.40

Support levels: $0.60, $0.40, $0.30

What's next for Polygon?

Polygon's value is dropping after the recent drop. The altcoin experienced a steep drop on January 3, reaching a low of just $0.73 before recovering. Long candlestick tails indicate strong buying pressure at the $0.73 level of support. The altcoin's upward momentum will be resumed if buyers are found at the $0.73 level.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should research the market.

Since the January 3 drop, Ethereum (ETH) is trapped between moving-average lines.

Long-term Analysis of the Ethereum Price: Bullish

Investors bought dips as the largest cryptocurrency dropped to $2,097 by January 3. Ether is now back to $2,249.50. Ether's price has been capped by the moving average lines.

If buyers are able to maintain the price above the SMA of 21 days, they could resume the upward trend and reach the $2400 high. Ether's price will fall to $2,097 if sellers breach the 50-day moving average. The price of Ether is oscillating in between moving average lines.

Analysis of the Ethereum Indicator

A recent rally has trapped the largest cryptocurrency between moving average lines. After the January 3 price drop, the price bars on the 4-hour graph remain below the moving-average lines. Ether's risks are decreasing. Moving average lines are horizontal because of the sideways trend that has been observed below the $2400 resistance level.

Technical indicators

Key Resistance Levels - $2.200 and $2.400

Key Support Levels - $1800 and $1600

What is the future direction of Ethereum?

Ethereum falls below the moving-average lines on the 4-hour chart. Another rejection occurs at $2,300. The altcoin price could rise above $2,100 and return to its previous low.

CryptoGuestPosts announced on January 2, that Ether had risen again. It reached a peak of $2,305.50. Ether was being driven back to its previous highs by buyers.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should research the market.