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XRP has been one of the top performers in Q4 2024, increasing its market cap rank in an impressive rally. Meanwhile, other cryptocurrencies significantly retraced in a recent market crash that liquidated billions from long positions, creating a buying opportunity. In particular, MultiversX (EGLD) is down over 42% since a local top of $58.31, currently trading at $33.63. Technical indicators suggest EGLD could be a “buy” right now, with the potential to bounce back up from support. EGLD price analysis and technical indicators The key support zone formed after EGLD broke out on November 11, following weeks of consolidation. EGLD gathered momentum, crossing the 200-day exponential moving average (1D 200-EMA), which is now hovering around $34.91. Picks for you AdEx releases AURA, an AI-driven Web3 activity analyzer ...