XRP, EOS, IOTA price analysis: January 21st

XRP repeatedly tested the $ 0.3 resistance level and it would be a significant development for the bulls to flip that level of resistance against the support. EOS showed neutral short-term momentum when trading above a support level. IOTA climbed past $ 0.45 and targeted the resistance level of $ 0.54.


Source: XRP / USD on TradingView

XRP has made a series of higher lows in the past few days as it repeatedly tested the $ 0.3 resistance level. The RSI rose above the neutral 50 and stayed above it for nearly 60 hours, suggesting that the bulls might gain strength to break the resistance and turn it around in support.

The stochastic RSI bounced back from breaking into the oversold territory. The trading volume was minimal. If the switch is made to support with minimal trading volume, it will likely reverse as a lack of volume indicates a lack of market conviction. A rejection would cause XRP to drop to $ 0.26 in the coming days.

In other news, former Ripple advisor Michael Barr is expected to be nominated by President Biden for the post of Comptroller of Currency (CoC).


XRP, EOS, IOTA price analysis: January 21st

Source: EOS / USDT on TradingView

Like many altcoins in the market, EOS has seen low trading volume in the past few days. The Bollinger Bands tightened around the price to show less volatility. EOS held on to the support level of $ 2.73.

Last week, EOS traded between $ 2.73 and $ 2.88 and showed no noticeable momentum on the charts. The OBV showed a certain balance between buyers and sellers.

Eos on either side of $ 2.73 is the $ 3 resistance and the $ 2.6 support should EOS show some activity in the markets.


XRP, EOS, IOTA price analysis: January 21st

Source: IOTA / USD on TradingView

IOTA had formed an ascending triangle pattern that had broken out, dropped back to $ 0.44 to test a supply region converted into demand, and climbed again to $ 0.48.

IOTA was valued at $ 0.5 in June 2019 and was then significant to the price when sellers entered with strength at that level. This could happen again. Moving past this region would therefore be a sign of bullish strength and would cause the price to test the $ 0.54 resistance level.

Comments are closed.