Polygon(MATIC) & XRP Price Rip Apart, How Soon Will They be Back in Game?
$3 Appears a Tedious Job for Polygon(MATIC) Price by EoY
As the asset ranged high to smash its highs at $2.925, many believed that clearing $3 target could be pretty easy. But very soon, the asset just fell prey to bears and slides down drastically to $2.5 levels and hovering around the same levels since then. However, a slight increase with the price poured in some hopes but still failed to validate with the uptrend.
Despite the current bearish scenario, yet the MATIC price remains bullish as the asset is trending within a decent ascending parallel channel. Luckily, the asset flips much above the lower support ranges, manifesting the capability to regain its lost levels. And hence the silent trend may continue for some more time until the buyers regain their positions. Therefore, $3 target is still achievable before the EOY but a little tedious job.
XRP Price Recovery Phase May be Delayed Indefinately!
XRP price is lowering its resistance level constantly ever since fell into a bearish divergence in the first week of November. The crucial resistance levels are just 5% to 6% apart from the current levels, which is still a tough row to hoe. And hence considering the present trend, it can be determined that XRP may not encounter a good yearly close for 2021.
The XRP price just before Christmas initiated with a narrow trend after experiencing a free fall to find the support along the 200-day MA in the middle time frame. The consolidation appeared to give a bullish turn for the asset, while bears were all set to drag the price below the trend line.
Moreover, the plunge currently has declined the price to yet another low levels on the 200-day MA range. If the XRP price slashed below these levels then it would be pretty difficult for the asset to rebound and restart with the bull run before EOY.
Yet, the year 2022 is expect to kick-start with a huge bullish momentum as it happened with the beginning of 2021. And hence amid the bullish market sentiments, the XRP price is expected to go parabolic to mark new highs. While MATIC price currently appears bullish which may be ignited with the upcoming bull run in order to hit $5 target at the earliest.
Please support thecryptocoinreport.com by sharing this post. Also, support us on https://twitter.com/the_crypto_coin and on instagram.com/the_crypto_coin_report/