@allthebuzz888 I don’t trade technicals on a fundamental drop
In spite of Bitcoin’s recent relief rally, the XRP price has continuously stagnated due to steep selling pressure.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
On-chain fundamentals for XRP have been difficult to read because of a recent spam attack and funds rotating in an out of escrow. Technicals for the XRP/BTX pair are bearish and for the XRP/USD pair suggest a Golden Cross may be surpassed by a Death Cross.
The recent boom for DeFi related coins, and the related Tezos on-chain growth, has likely temporarily sucked buy-side demand away from XTZ in the near term. However, technicals for both the XTZ/USD and XTZ/BTC pair show bearish trend metrics.