Ripple’s XRP and Brave Attention Token [BAT] Price Analysis, Bear Traps the Market

Today the price of Bitcoin [BTC] and Ethereum [ETH] jumps approximately 5% and 2% respectively. At the time of writing this post, BTC is valued at $5565 while ETH at $165.

On the other side, there are few cryptocurrencies which are still in the trap of bear. Like Ripple’s XRP has not shown a bullish move from last few days. Also the Binance Coin [BNB] and Brave Attention Token [BAT] which was in the top performer of the last week is also in the trap of bear market.

BNB which hits its all-time high is now down by 2.16% in the last 24 hour. Brave Attention Token [BAT] also give a good return to the investors is now down by 8.29% approximately.

Ripple’s XRP Price Analysis

At the press time, XRP is valued at $0.325891 with a market capitalization of $13,689,056,824. The price of XRP is in the trap of bear market from the last few days, today it is also down by about 0.14% from the past 24 hours. The price change over the 7 days is also not so promising. It’s 7-days price change is only +1.7%.

As you see from the price chart of Ripple’s XRP that it is trading within a range from the last few days. There is no such major change took place. Let’s have a look at the various indicators for analyzing the price.

Moving Averages for XRP is not so promising as it’s still in the sell pressure zone. The only moving averages that are in the buy zone are daily EMA (5) and SMA (5).

Ichimoku Cloud Base Line (9, 26, 52, 26) is in the neutral zone with a value of 0.34630

Awesome Oscillator in case of XRP on daily basis is −0.00118 indicating a sell pressure zone.

Average Directional Index (14) is 19.84013 and the Relative Strength Index (14) is 48.23890 both are in the Neutral zone.

Brave Attention Token [BAT] Price Analysis

Brave Attention Token which was one the top performing cryptocurrency from the last week’s list. BAT almost has gained more than 35% in the last 7 days.

At the press time BAT is valued at $0.389459 which is down by about -8.29% as per CoinMarketCap. The 24-hour trading volume for BAT is $86,114,936 and the market capitalization is $86,114,936.

BAT has almost doubled the investment of the investor in the last 30 days. Recently Brave has launched its privacy-focused web browser called Brave Browser. The users of this browser will be awarded Brave Token (BAT) when they opt to view ads. Also, they will be granting some BAT to the users so that they can tip their favourite content creators. Recently Brave has granted 100,000 BAT for their users who will download their browser. The users who download the browser will get $5 worth of BAT.

Conclusion

According to the data collected from the price chart, it can be concluded that the price of XRP will remain in the trap of bear for some more days. While BAT might get a boost in the price soon.

This is just a price analysis, it should not be considered as investment advice under any condition. Please do your own research before investing in cryptocurrency.