The cryptocurrency market is stirring with bold predictions of a shake-up among top assets. As whispers grow louder about one major coin potentially overtaking Ethereum, attention turns to hidden gems that might outperform both.
Cryptocurrency prices today are showcasing a diverse range of movements. XRP, the native token of the Ripple blockchain, has experienced a downturn in the past week. After surging to over $3 last week, XRP is now trading below 2.95$, marking a 7.32% decrease.
Despite this short-term setback, XRP has soared by 379.42% in the last six months and surged 212.42% in the past month alone, highlighting a remarkable uptrend. The downturn is likely linked to a broader market correction, where several major cryptocurrencies experienced slight losses. However, XRP’s long-term performance remains strong.
On the other hand, a closer examination of the chart reveals that XRP is encountering resistance at the 90-day moving average, currently around the 2.95$ price level. A breakout from this resistance could propel XRP toward the next key resistance at 3.30$.
On the downside, if bearish momentum continues, XRP might find support at 1.83$, followed by the 90-day moving average if the bears continue pressing down heavily on XRP price.
Meanwhile, Ethereum (ETH) price also showed mixed movements in the past week. After surging to over 3700$ last week, ETH is now trading below 3700$, marking a 2.68% decrease. However, in the last month, ETH has climbed by 27.26%. Over the past six months, the price has increased by 10.87%. This indicates substantial growth over the longer term despite short-term fluctuations.
Currently, Ethereum is trading between 3643$ and 4233$. The 10-day simple moving average is 3873.26$, and the 100-day SMA is 3883.85$. The relative strength index stands at 55.00, suggesting neutral market sentiment. The stochastic oscillator is at 72.74, indicating that the asset is approaching overbought conditions. The MACD level is -1.149, which may signal a bearish trend.
The nearest resistance level is at 4458$. If ETH rises to this point from its current price, it would be an increase of about 13%. Breaking above this could lead to the second resistance at 5047$, a rise of approximately 28%. On the downside, the nearest support is at 3279$, a decrease of about 17%. The second support level is at 2689$, representing a drop of around 32%. These levels are important for traders watching for potential breakouts or reversals.
Finally, the article highlights XYZ, a meme coin focused on all sports and aiming for 20,000% growth in the upcoming bull run. It encourages readers to consider XYZ for more potential gains compared to XRP or ETH. For more in-depth info, readers are advised to visit the XYZVerse website and follow the project on X and Telegram for the latest updates.
