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Technical Analysis of XRP and Zcash: Key Price Levels Determine Future Direction
[Coin World] XRP has been showing some entanglement lately. After the price surged to $2.286, it started to weaken, and now it's range-bound around $2.25. From a technical perspective, the 100-hour moving average has provided a support level at $2.180.
The next trend is actually quite clear: if it can stabilize above the 2.250 USD mark, then there is a chance to continue pushing towards 2.350 USD; but if it can't hold, it is estimated to pull back to 2.10 USD.
Looking at Zcash, the situation is even less optimistic. It is currently pressed below the key exponential moving averages, and it must break through $488 to turn things around. Although everyone is quite optimistic about 2025, the trading volume of these two coins is not very strong at the moment, and selling pressure is still present. It may need to fluctuate for a while in the short term.