XRP, Algorand, Zcash Price Analysis: February 21st

XRP formed a triangle pattern that could see a breakthrough in the upside, provided the bulls in the market remain strong in the $ 0.5 region. Algorand could not move past $ 1.42 and was lower on the charts, while Zcash probably dropped to $ 150.

XRP

XRP formed a declining triangle pattern and was valued at $ 0.519 at the time of writing. The Fibonacci retracement level overhead at $ 0.54 was reversed to resistance.

Highlighted in cyan is a possible route for XRP prices over the next few days. Invalidity of this idea would be that XRP would break below the $ 0.49 mark with a strong volume. A retest of the $ 0.51 level as support is likely in the coming hours as the RSI slipped below neutral 50 to indicate the rising bearish pressure.

If an outbreak is seen, the $ 0.6 region is a target for the bulls.

Algorand [ALGO]

Algorand apparently formed a bull flag on the larger time frames, as the descending channel (cyan) forms the flag. However, this was not the case for the price. ALGO gained heavy resistance at $ 1.42 and could not scale this level.

It was rather pushed lower to $ 1.26, as bears have dominated the market at $ 1.42 in the recent past. The Awesome Oscillator moved below the zero line to indicate bearish momentum. If you lose the $ 1.26 and $ 1.2 levels, ALGO can return to $ 1.

Zcash [ZEC]

ZEC formed a rising wedge and slid under the cartridge to indicate that it had moved to the base of the cartridge in the $ 140 area. The MACD has been moving steadily lower over the past few days.

The level of former support at $ 172 was again tested as resistance to confirm the move to the downside. The $ 158 mark could stop the descent from ZEC, but probably not for long. The OBV has shown that sellers have made some dives over the past few days.

The sales volume was a fraction of the sales volume during the upward rally, but it does show that recent sales have some legitimacy. The $ 149 level is expected to serve as support.