The Zcash price traded flat over the past 24 hours, even as almost $2 billion in crypto positions were liquidated during the sell-off. This makes ZEC one of the few coins that held ground amid the broader market’s decline.

It is still up more than 27% week-on-week, but the next breakout is not guaranteed yet, unless the price clears one important hurdle.

Momentum Signals Reveal The Sell-Off Win, but Risks Are Not Gone

On the 12-hour chart, Zcash continues to move inside a rising channel. The upper trend line has only two touch points, so it can break easily if momentum improves. But the breakout theory did run into some issues during the sell-off, primarily led by three key indicators.

On-Balance Volume (OBV) shows if real demand is supporting the price. Between November 19 and 20, the price made a higher low, but OBV made a lower low.

That kind of bearish divergence weakens a trend. OBV touched the channel support on November 20 and bounced, avoiding a deeper breakdown. But ZEC needs OBV to move above 10.09 million to confirm stronger demand.

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Chaikin Money Flow (CMF), which tracks large wallet inflows, has been falling since November 7, which explains why ZEC failed to break the top of the rising channel.

CMF briefly crossed above zero on November 14 and helped trigger a mid-rally bump. The indicator is now back above the zero line. Yet, a move above 0.02 would be a stronger confirmation that money flow has recovered.

The Relative Strength Index (RSI), the momentum indicator, however, added the main risk.

Between November 10 and 16, the Zcash price made a higher high, but RSI made a lower high. That bearish divergence showed momentum fading while the Zcash price rose.

This is also when bears briefly took control, and it matches the OBV and CMF weakness. Now RSI is moving with the price again, showing momentum support coming back. That is why Zcash “barely” beat the sell-off instead of flipping into a deeper reversal.

Zcash Price Levels Show the Breakout War Still Ahead

The Zcash price levels now decide whether bulls can take control of the breakout war.

The first major barrier is $766, the first breakout target. This is the trend-based extension zone before which ZEC stalled earlier. Clearing $766 would show the first real shift in momentum.

If ZEC breaks $766, the next key target is $978. That level also represents the breakout possibility of the rising channel itself. A clean move above $978 would open the path toward four-digit prices.

On the downside, $635 is the first support. Losing it exposes $555. A drop under $555 would push ZEC out of the rising channel and turn the trend neutral. This is where the bull-bear power indicator matters.

The bull-bear power indicator compares price to a basic trend value to show who is controlling short-term strength. Post the RSI divergence (10–16 November), bears briefly took control, matching the mid-channel pullback.

But the indicator has flipped back into the positive zone now, which means bulls are in control again. Because bulls now lead on the bull-bear power indicator, the breakout war intensifies above $766. If the Zcash price breaks $766 while bull-bear power stays positive, Zcash gets a real chance to attack $978, the key breakout level that would decide the next leg of the trend.

The post Zcash Barely Wins the Sell-Off Battle, But The Breakout War Lies Ahead appeared first on BeInCrypto.

The XRP price trades near $1.90, down about 9% over the past 24 hours and extending its 30-day decline to around 19%. A few bottoming signals have appeared, especially from short-term holders.

But the XRP price still looks far from a recovery. This piece explains why the bounce has not happened yet.

Short-Term Capitulation Has Appeared, but the Recovery Is Missing

The short-term holder NUPL, which measures net unrealized profit or loss, has dropped to –0.30, its lowest reading this year. This level marks capitulation, a phase where most recent buyers are holding losses and are either forced to exit or emotionally flushed out.

Earlier local XRP bottom signals like this have led to clean rebounds.

In April, NUPL fell to –0.13 and XRP bounced.

In June, NUPL fell to –0.15 and XRP bounced again.

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This time, despite a deeper capitulation reading, XRP is still sliding. The missing element comes from the spent coins data.

Spent Coins Show Peak Capitulation Has Not Fully Played Out

The spent coins age band metric shows how many XRP coins from different age groups are being moved. When spent coins rise while price falls, it shows real capitulation pressure. This metric doesn’t only include the short-term holders and might also show how aggressively the long-term and mid-term holders are moving XRP.

A strong example came earlier this month.

Between November 2 and November 5, the price dropped from $2.54 to $2.15. During the same period, spent coins increased from 20.32 million to 104.85 million. This was a rise of about 416%, which marked a clear capitulation event. That ensured a local bottom formation on November 5.

The current structure, coins moving while the price corrects, is similar but much smaller.

Between November 17 and now, the XRP price dropped from $2.27 to $1.96. Spent coins increased from 45.87 million to 97.31 million, a rise of about 112%.

Since 112% is far below the earlier 416% spike, the washout phase may not be complete. If spent coins continue rising toward early-November levels, the XRP price may see more downside before the final bottom forms.

This incomplete washout explains why the short-term capitulation reading has not triggered a recovery yet. And why some more XRP price downside could be waiting.

XRP Price Levels Suggest One More Downside Zone

XRP sits close $1.95, an important support. Losing this level exposes the next zone near $1.57, which could highlight the final XRP bottom if capitulation continues. The price is currently under the support, but for a breakdown confirmation, it needs a clean daily close under $1.95.

One more risk is building on the chart. The 100-day exponential moving average (EMA) is moving closer to the 200-day average. If the 100 moves below the 200, traders treat it as a bearish crossover. And that could be a bigger short-term correction catalyst.

An exponential moving average (EMA) gives more weight to recent prices, so it reacts faster than a simple moving average and helps confirm short-term pressure.

For the XRP price to show early strength, it must first reclaim $2.08, followed by $2.26. That would invalidate the near-term bearish trend.

The post XRP Flashes a Bottoming Signal; Yet the Price Recovery Looks Delayed appeared first on BeInCrypto.