XRP clings to a significant price level, while the Dadecoin rally seems to be finished. XRP dropped by 25% this month, from $ 3.40 in mid-January to $ 2.28, according to CoinmarketCap.
In this market condition concerning the moment when Bitcoin leads the drops, XRP has somehow managed to maintain the price greater than $ 2. Although this support may not last long if the cryptography market is starting a new sale tomorrow when Asian negotiation hours start.
It seems bad, but there is still hope because XRP is above the level of Fibonacci retracement of 38.2%, a key area where prices often bounce.
Dogecoin, on the other hand, does not seem so strong. DOGE plunged under the level of fibonacci retracement of 61.8%, the one that traders understand to be a downwinding point. DOGE experienced a huge gathering, going from $ 0.10 in October to $ 0.484 in December, but it now fell below $ 0.21, losing more than 70% of its earnings.
FIBONACCI REFARADING is a tool used by merchants to predict the extent to which prices are likely to withdraw before continuing their trend.
In short, XRP is doing well for the moment, even if it falls, and Dogecoin seems to lose its momentum.
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