XRP, Monero, Dogecoin Price Analysis: 17 December

17 December 2020

in XRP

Reading Time: 3 mins read

The Bitcoin market reached an all-time high as it went past the $22k price level and due to Bitcoin’s high correlation with altcoins, most major alts such as XRP, Monero, and Dogecoin saw a strong surge in their respective trading price.

XRP

Source: XRP/USD on TradingView

The XRP market had noted high volatility towards the end of November and the same lasted till early December. This volatile market resulted in the price of the digital asset to surpass $0.3226 and reach $0.6365. Although the price had dropped lower and was consolidating until the past couple of days, the boost once again helped the price to breach the resistance at $0.5339. The current value of XRP at press time was $0.5633.

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According to the Bollinger Bands indicator, XRP’s market volatility was once again on a rise as the band diverged while the trend has reversed to a bullish one.

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Monero [XMR]

Source: XMR/USD on TradingView

Like most altcoins, the privacy-centric Monero [XMR] also saw its price move upwards on the chart. The coin witnessed a boost since the weekend as it crossed the resistance at $138.58. The current value of the digital asset was noted to be $156.55.

This price level was the coin’s annual peak and adding to this surging price, the market has not lost any steam. The Awesome Oscillator has been moving without any interruption as the green bars have been growing taller.

Dogecoin [DOGE]

Source: DOGE/USD on TradingView

The meme-coin reputation of DOGE has been a contributing factor to its growth. The interest in the project has remained despite market volatility. The asset’s value has been moving sideways along the $0.0039 and $0.0030 range. The current value of DOGE was noted to be $0.0035.

According to the coin’s technical indicators, the Parabolic SAR indicated bearishness in the market as the value dropped below $0.0046.

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