WEEKLY NOTION: Ripple, Stellar, and Verge Amongst The Biggest Losers in the Recent Bloodbath

The total market capitalization peaked at $580 billion on Nov 25 before the massive crash in the past 24 hours.

XRP is down by 26%, Stellar around 25%, and Verge at 32%.

Is the bottom in for these coins or will they continue trending downwards?

XRP suffers a steep 42% correction.

XRP was one of the few cryptocurrencies that remained flat almost for the entire month of November while the market was trending higher.

However, on Nov 21, XRP price saw a massive 43% explosion followed by even more continuation on Nov 23.

The price increased by 137% in just four days. 

Stellar bulls try to buy the dip

XLM suffered a similar 37% crash towards a low of $0.145 losing the 100-Simple Moving Average (SMA) but holding the other two SMAs.

It seems that bulls are buying the dips establishing $0.145 as a strong support level and forming two bullish candlesticks on the four-hour chart.

Verge flashes buy signal despite market weakness

Although Verge has lost 50% of its value in the past 48 hours, the TD Sequential indicator has just posted a buy signal on the four-hour chart right after the bulls managed to defend the 50-SMA support level at $0.0056. 

Original article:

https://www.fxstreet.com/crypt...