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Swipe and Rocketpool prices may be peaking. RPL prices could sink to 0.0065 ETH, while SXP bulls target $3 in the short term.
Swipe (SXP)
Through APIs, the Swipe platform aims to link the crypto and fiat world using SXP as the primary currency.
Past Performance of SXP
The Swipe token is up five percent on the last trading day, gliding higher as per the SXP technical analysis in the daily chart.
Nonetheless, SXP crypto is within a bear breakout pattern as bulls are yet to reverse steep losses of late September 2021.
Day-Ahead and What to Expect
The revival in the crypto market may lift SXP coin prices, providing entries for aggressive buyers.
However, risk-averse traders can wait for better signals above $3, building on the bullish breakout above the middle BB at around $2.3.
In all, how SXP prices react above the middle BB—a flexible resistance-now-support—would shape the short to medium-term trend.
Swipe Technical Analysis
The path of the least resistance in the short term is northwards.
As mentioned earlier, the SXP coin is within a bullish breakout pattern in a broader bearish breakout below $3, as clear in the daily chart.
A wide-ranging bull bar above $2 and the middle BB would draw buyers angling for $3.
Conversely, rejection of higher prices may see SXP move lower towards September 2021 lows of around $1.95.
Rocketpool (RPL)
The Rocketpool protocol allows ETH holders to delegate their coins and stake in Eth2, and RPL is the governance token.
Past Performance of RPL
For the better part of the last three months, RPL crypto has been on the uptrend.
However, ETH bulls are flowing back, explaining the double-digit gain versus RPL token week-to-date.
As per the RPL/wETH formation in the daily chart, RPL prices may continue dropping versus ETH this week.
Day-Ahead and What to Expect
RPL coin buyers are buoyant of what lies ahead.
After sharp gains to 0.010 ETH, the dump from early October towards the primary support at 0.009 ETH may signal the end of the bull run.
The current reaction and whether RPL bulls will sustain the token at spot levels would shape the RPL crypto immediate-term trend.
Losses below 0.009 ETH, especially, may lead to a bigger draw-down.
Rocketpool Technical Analysis
As from the RPL/wETH technical analysis in the daily chart, ETH buyers are in command.
As mentioned earlier, losses below 0.009 ETH may draw sellers targeting 0.0065 ETH—the 78.6 percent Fibonacci retracement of the current swing high and low.
On the flip side, rejection of lower lows would lift the RPL coin back to September 2021 highs of 0.010 ETH.