While the Bitcoin “fear and greed index” is still in the “extreme fear” position, the resulting effect can be observed in many of the cryptocurrencies.

The XRP price showed weak technical indicators, while Tron and Bittorrent had to leave the critical price zones that the bulls had defended for months. Analyst Yash Majithia evaluated the cryptocurrencies in question.

XRP

XRP price has been fluctuating between $0.88 and $0.77 since December 7. The SMI indicator continued to show black dots and remained in line with consolidation trends.

Throughout the week, the 50 SMA has served as a strong resistance point as the altcoin price constantly tests this level. He thinks the bulls may face resistance near $0.84 if the price rises above this level.

XRP is trading at $0.8113 after falling 25.9% in the last 30 days. In the last nine days, the RSI indicator has struggled to surpass 55. However, the volume oscillator has formed lower tops, indicating weak bullish action.

XRP-3

Tron (TRX)

On December 17, the price of the altcoin recorded a long red candle after Justin Sun announced that he would be leaving his position at the Tron Foundation. TRX price has lost more than 9% in the past two days as the bears show their strength. Tron has lost the $0.82 level that the bulls have been holding onto for the past four months. As a result, the altcoin price moved towards $0.078 for the third time in the last 18 weeks. Supertrend is in the red zone, indicating selling pressure.

At the time of this writing, TRX price is trading at $0.0805. The RSI indicator showed sideways movement after falling into the oversold territory.

TRON

BitTorrent (BTT)

The BTT price declined after touching the $0.004198 level on December 8. The altcoin, which has been moving within a descending channel (white) for the past seven days, has lost 36.6% in this timeframe.

BTT price lost the $0.003088 support, which has been defended by the bulls for approximately 19 weeks. The collapse of the altcoin's price stopped at $0.002609, which also marked the limit in the previous collapse.

At the time of this writing, the BTT price is trading at $0.00266. The RSI indicator appeared in favor of the bears and has formed lower tops since Dec. However, he thinks the DMI and MACD lines are also moving in favor of the bears.

BitTorrent-2