SHIB, DOGE, and XRP By Coin Edition

Coin version –

  • MACD and RSI on 4-hour chart suggested SHIB to rise to $0.000027.
  • If the direction is bearish, DOGE could fluctuate between $0.14 and $0.16.
  • XRP has formed a golden cross, indicating the possibility of a rise to $0.56.

Despite a week full of ups and downs, several cryptocurrencies have fallen in the past 24 hours. Among the many that remained stable were Shiba Inu (), Dogecoin (DOGE), and Ripple (XRP).

However, we expect the overall market to experience high levels of volatility in the coming weeks. Will these cryptocurrencies survive the expected volatility? Find out in this analysis.

Shiba Inu (SHIB)

At the time of writing, SHIB felt it would be difficult to break above $0.000023. This is because the bears have found a way to halt the initial upward momentum. However, Relative Strength Index (RSI) data at press time showed that the bulls are not having it as buying momentum continues to build.

If the bulls eliminate the bears, the increased momentum could send SHIB heading towards the resistance at $0.000027. On the other hand, a failed attempt could cause the token to drop as low as $0.000020.

4-hour chart (Source: TradingView)

Meanwhile, the Moving Average Convergence Divergence (MACD) crossed the zero midpoint, strengthening the signal shown by the RSI.

Dogecoin (DOGE)

According to the 4-hour chart, DOGE changed trade at $0.15. Like SHIB, DOGE has also not been able to escape its recent downturn.

However, the structure of the coin was different from other memetic coins, and there were signs indicated by the Elder Force Index (EFI). At the time of this writing, EFI is flat, confirming that Dogecoin price may avoid significant increases in the short term.

4-hour chart (Source: TradingView)

In this case, the price of the virtual currency can fluctuate between $0.14 and $0.16. Additionally, the directional movement index (DMI) matched the viewpoint as +DMI (green) remained below -DMI (red).

Ripple (XRP)

At the time of writing, the Exponential Moving Average (EMA) on the 4-hour chart shows a bullish bias against XRP. Previously, the 9 EMA (blue) was below the 20 EMA (yellow). However, on April 19th, the position changed as the EMA formed a golden cross.

4-hour chart (Source: TradingView)

This reversal was pivotal to the token’s price movement, with XRP rising to $0.51. Despite this trend, there was a risk that XRP could fall as the price is still close to both EMAs. If the price falls below the 9-day and 20-day EMAs, the value could fall to $0.46.

However, further extension could push XRP higher, and a rally towards $0.56 could be an option within the next few days.

The post Crypto Price Analysis – April 20: SHIB, DOGE, XRP appeared first on Coin Edition.

This content was originally published on Coin Edition

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