Ripple, Stellar, and GRAM Prices Under Pressure Amid Telegram Removal
Ripple's price action remains uncertain as it trades within a symmetrical triangle pattern. The token is currently above the rising support trend line around $1.0510, but below the downward resistance trend line at $1.1123 and the 50-day Exponential Moving Average (EMA) at $1.1194.
The 50-100-200 day EMAs for Stellar are clustered between $0.183 and $0.195, indicating a bearish near-term bias. The token is trading below the 78.6% Fibonacci retracement at $0.173 and the horizontal barrier at $0.177.
The removal of Telegram from the iOS App Store has led to a decline in the GRAM token, which fell by 3% on Tuesday. Technical analysis shows a falling wedge pattern forming on the daily chart, with an RSI reading of around 37 indicating bearish momentum.