3 New Targets Following XRP’s Price Breakthrough After Record 680 Million Volume Spike
XRP has been facing resistance in the form of the upper border of a descending price channel, but recently saw a surge in trading volume which may indicate a potential breakout. If successful, XRP could reach three key targets: the 200-day moving average at $0.4, the previous breakdown point at $0.5, and the local cycle high at approximately $0.55. However, there is no guarantee that XRP will successfully break out, and even if it does, it may face challenges in reaching its targets. Dogecoin has reached the bottom of its descending triangle pattern, leading to two possible scenarios: dropping below the lower border of the triangle or bouncing from the bottom and moving upward until it faces the next resistance level. However, there are still several factors that could affect Dogecoin’s performance, including market sentiment and regulatory concerns. SNX, a DeFi liquidity provision protocol, has experienced a sharp drop of over 20% after a 33% rally, affected by the recent decline in the DeFi sector. Despite its innovative features and growing popularity, SNX has been affected by the outflow of funds from DeFi protocols, resulting in the recent drop in its value.