XRP, Dash, BAT Price Analysis: 13 November

13 November 2020

in XRP

Reading Time: 3 mins read

Unlike Bitcoin, the altcoin market has not been successful in registering record highs. XRP, even though a major alt, has not been able to follow its 2017 trajectory and has been stuck within its known range, while other coins were still in a state of loss in terms of YTD performance.

XRP

Source: XRP/USD on TradingView

Since September the value of XRP has been stuck between $0.2674 and $0.2278. The volatility has also been maintained in this range as highlighted by the Bollinger Bands. However, the current trend in the market has been noted to be a bullish one, given the little surge observed earlier in November.

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Given the long consolidation phase, XRP has marked another support at $0.2197, but that did not invite great interest from traders. The asset has managed to still return 23% in YTD to its investors.

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Dash

Source: DASH/USD on TradingView

The value of Dash has not been able to recover to see the highs it witnessed in August. Its current value was at $77.18, heading towards the resistance at $80.91. However, despite the consolidation phase, the digital asset has been returning 91% to investors in YTD.

Although the sudden surge in price has pushed DASH closer to the overbought territory. The support has been marked at $63.9, and if the selling pressure increases the coin may be pushed to test this level.

Basic Attention Token [BAT]

Source: BAT/USD on TradingView

The Basic Attention Token has been trending lower ever since a peak was noted in August at $0.4456. The current value of the asset is $0.2177 and was at a loss of 6% since the beginning of the year.

However, the recent surge in the BTC market helped its price bounce back from support at $0.1696 and it was witnessing bullish pressure in the market. However, the current bullishness has not been able to overshadow the losses that were incurred by the holders this year.

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