XRP, Algorand, Zcash Price Analysis: February 21

The XRP formed a triangle pattern that could break upward, as long as the bulls on the market held firm in the $ 0.5 region. Algorand failed to make it past $ 1.42 and was falling on the charts, while Zcash showed that a drop to $ 150 is likely.

XRP

The XRP formed a descending triangle pattern and was valued at $ 0.519 at the time of writing. The $ 0.54 Fibonacci retracement level overload was turned to resistance.

Highlighted in cyan is a possible route for XRP prices in the coming days. The invalidation of this idea would be that the XRP crosses the $ 0.49 mark with high volume. A further test of the $ 0.51 support level is likely in the coming hours, with the RSI dropping below 50 neutrals to denote increasing downward pressure.

If a breach is seen, the $ 0.6 region would be a target for bulls.

Algorand [ALGO]

Algorand appeared to form a bull flag over longer periods of time, as the descending (cyan) channel forms the flag. However, this was not the case with price. SOMETHING encountered strong resistance at $ 1.42 and was unable to scale this level.

Instead, it dropped to $ 1.26, with bears taking control of the market at $ 1.42 in the recent past. The Awesome Oscillator was moving below the zero line to indicate bearish momentum. Losing the level of $ 1.26 and $ 1.2 can bring ALGO back to $ 1.

Zcash [ZEC]

ZEC formed an upward wedge and slid under the pattern to indicate a move back to the base of the pattern in the $ 140 area. The MACD has been constantly moving downwards in the past few days.

The old $ 172 support level was tested again as resistance to confirm a move to the downside. The $ 158 mark could delay the fall of ZEC, but probably not for long. OBV showed that salespeople really made a small difference in the past few days.

Sales volume was a fraction of the volume of purchases at the time, but shows that recent sales have some legitimacy. The $ 149 level should act as a support.