XRP, IOTA, Monero

XRP (XRP)

XRP (XRP) has been slightly bearish in the past 24-hours. In this period, it has dropped from $0.398 to a low of $0.355. It is also noteworthy that this drop has seen XRP drop below two key support levels that is the 55-day MA at $0.379 and the 100-day MA at $0.369. This is an indicator that bears are in control. To go short on XRP (XRP), it would be best to wait for a break below the day’s low at $0.354. This would be a signal of increased bear power and a trigger to go short. A short position at this price level would have a good exit point at $0.337. This is a key support level on the 200-day and a possible exit point from a short-term sell position.

However, in the scenario that XRP makes a pullback and pushes above the 55-day MA at $0.379, it would be an indicator of a possible bullish reversal. A push above the day’s high of $0.398 would be a trigger to go long with a target of $0.405. This is a 24-hour high and a possible exit point from a short-term long position on XRP.

IOTA (MIOTA)

All cryptos have been relatively weak in the past 24-hours, and IOTA (MIOTA) has shown signs of weakness too.  In this period, it has dropped from a high of $0.361 to a low of $0.332. However, unlike much of the market, IOTA (MIOTA) is showing signs of strength. That’s because, in spite of the market weakness, it has held steady above the 55-day MA support at $0.339. This is an indicator that bullish sentiment is still prevalent in IOTA (MIOTA). To go long, it would be best to wait for a break above the 48-hour high of $0.362. This would be confirmation that bulls are in control. A long position at this price level would see IOTA (MIOTA) test highs of $0.436. This is a key resistance level on the 12-hour 200-day MA.

However, in the scenario that IOTA (MIOTA) breaks below the 55-day MA at $0.339, it would be a trigger to go short with a target of $0.318 on the 100-day MA. This is a key support level for IOTA (MIOTA), and a possible exit point in the day.

Monero (XMR)

Monero (XMR) has been on a downtrend for the past 24-hours. In this period, it has seen its value drop from $57.12 to a low of $50.98.  However, it seems to have established strong support at $51.93 slightly above the 100-day MA. This could be an indicator that bullish sentiment is still prevalent. To go long on Monero (XMR), it would make sense to wait for a break above the day’s high of $57.16. This would be an indicator of increased bullish sentiment and a trigger to go long with a target of $69.67. This is a key resistance level for Monero (XMR) on the 6-hour 200-day MA.

However, in case it breaks below the 100-day MA at 50.93, it would be an indicator of increased bear power. This could see it possibly drop to $46.23. This is a key support level for Monero (XMR) on the 200-day MA.

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