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XRP Ethereum Classic (ETC) Price Analysis: Sweet and Sour Sauce



Ethereum Classic

With a steady bearish trend in place characterizing many of the larger market cap coins in the cryptocurrency complex over the past eight days, it is often extremely important to identify pockets of relative strength and relative weakness to gain a tactical edge.

Today, we’re going to look at two coins displaying very different characteristics on their chart: XRP and Ethereum Classic (ETC).


Price Analysis

  • High: $0.41538
  • Low: $0.40514
  • 24-Hour Volume: $243.86MTechnical Analysis, Charting
  • 7-day Percent Change: -8.11%

Chart courtesy of

We have documented the critical moment coming into place for XRP over the past month. In fact, in our last piece, we noted that the coin carried a strong potential for a major bearish breakdown if the $0.425 level was taken out on the downside.

Support at that level had been steadfast and staunch for some time, but it finally gave way late yesterday.

At this point, XRP is now in a bit of a no man’s land situation from a technical standpoint, with the major bearish ascending triangle now enshrined on the charts as a breakdown (rather than a hold of support).

From a strictly technical perspective, there does not appear to be much in the way of clear support until we get all the way down to the $0.38 level, which represents the highs in XRP from June 2017.

Ethereum Classic (ETC)

Price Analysis

  • High: $20.826
  • Low: $18.3494
  • 24-Hour Volume: $409.21M
  • 7-day Percent Change: 14.28%

Chart courtesy of

By sharp contrast to XRP, Ethereum Classic (ETC) has been a bastion of powerful relative strength over the past week, breaking out above multi-month range resistance to test its 200-day simple moving average at the $20 level over the past 24 hours.

This action has been fueled by a rash of new exchange adoptions as the coin picks up its exposure for new traders, effectively expanding its reach in the crypto community in terms of raw monetary access to new orders.

The action has been relatively striking, with a four-day move of over 45% in total upside. As we noted, Ethereum Classic (ETC) is facing resistance in the form of its 200-day simple moving average, and also has a 14-day RSI on the daily chart sitting right at the precipice of overbought territory coinciding with a severely overbought MACD indicator on the hourly time frame.

In terms of key levels above, the real test for ETC sits above at the $25 level.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

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