XRP, Dash, IOTA Price Analysis: 01 December


Bitcoin reached its all-time high on many exchanges a few hours ago and was trading at $19,371 at press time. XRP and Dash had buyer interest and momentum behind them and moved back toward their local highs. IOTA saw some indecision in the market, and at the time of writing was headed for a minor dip to a level of support.


Source: XRP/USD on TradingView

The MACD was above the zero line to denote the recent bullishness for XRP, but the MACD line and the signal line were in close proximity, which showed that the momentum has been subdued over the past few trading sessions.

The trading volume has risen since the triangle pattern was formed, and XRP has recovered and flipped the $0.62 level to support.

The price was at $0.64 at press time, and it was likely to test the resistance at $0.75 in the coming days, with a possible dip to $0.62 support once more.

In related news, Binance launched quarterly coin-margined futures for XRP, which uses the base asset as collateral for trading the contracts with up to 75x leverage.

Dash [DASH]



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