The last week ended poorly for most digital assets on the market despite the large number of recovery signs we saw throughout the week. Unfortunately, the trend continues and the biggest digital assets are moving in the red zone, including Ethereum,XRP's strong rally that began at the end of September is probably coming to an end as the assets fall below the ascending channel that has been guiding its price upward.
The cryptocurrency has returned below the 50-day moving average and will most likely continue to move under the indicator that acts as a guideline for the asset despite the second attempt to break it in the last two weeks.The most likely scenario from here is the continuation of the consolidation despite the nosedived issuance on the network. However, the prolonged rangebound is not a negative tendency for assets.
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