An analyst has pointed out how XRP and three other altcoins look like they share a similar technical analysis (TA) fate. Here’s what could be in store for these assets.
Analyst Ali Martinez has spotted a commonality that may be present among XRP (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), and yearn.finance (YFI).
The similarity lies in the signal that technical analysis (TA) is giving on the price charts of each of these altcoins. Here’s what could be in store for these assets.
XRP Could Be Set For A Steep Drop As It Fails To Hold Key Support
The first chart (top left) highlights the trend in the 1-day price of XRP, the fourth largest cryptocurrency by market cap.
It would appear that the asset has possibly been forming what’s known as a head-and-
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