As the global crypto market battles to recover, Tron and XRP touched multi-week lows during November 24 trading sessions. Bulls need to step up with enough momentum for a short-term bullish recovery. On the other side, SAND recorded upsurges, touching its all-time high on November 25, but prints slowdown signs at the moment.
Ripple (XRP)
Ripple’s XRP has seen a bear versus bull clash since the past month. The alt has oscillated inside the ascending channel since October 27. During that, the altcoin surged 35% to touch its 2-month peak on November 10.
However, bulls lost strength since then as XRP saw trend reversals. The correction led to a 25% plunge, and the coin touched a 4-week low on November 24. The downfall had Ripple token forming a descending triangle formation.
While writing this article, XRP traded at $1.0313. The Relative Strength Index has been climbing since last week but struggled to cross the half-line. Moreover, the DMI flashed a bearish case. Though the Awesome Oscillator remains under the equilibrium level, it showed increasing bullish momentum. Nevertheless, the ADX displayed a feeble directional trend. If bulls fail to collect strength, XRP can note a downward triangle breakout.
Meanwhile, XRP has failed to attract market players even as Ripple Labs CEO Brad Garlinghouse confirmed impressive progress on the Ripple vs. SEC case.
Sandbox (SAND)
As the metaverse space see intensified excitement, Sandbox (SAND) decoupled from the plunging market trend and witnessed a massive surge over the previous month. Since October 28, SAND recorded a whopping 508% surge and attained an ATH on November 18.
The price movement printed an ascending triangle formation. However, the upcoming project announcement had the crypto breaking out and entered a discovery mood. Moreover, the latest partnership with Adidas and metaverse development catalyzed SAND to another ATH on November 25.
However, SAND lost 14.28% over the past 24 hours, trading at $7.1181 at this publication. The Relative Strength Index dropped from the overbought region toward the 63-level. Though the DMI flashed bulls’ preference, the Awesome Oscillator and Moving Average Convergence Divergence hints at plummeting strength.
