CryptoComes Original Article
The cryptocurrency market keeps booming as all coins from the Top 10 list are in the green zone. XRP remains the main gainer, rising by more than 30% over the last day.
The main data for Ethereum (ETH), XRP and Stellar (XLM) today:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Ethereum |
ETH |
$68,146,139,926 | $597.52 | $30,640,336,331 | 0.95% |
|
XRP |
XRP |
$27,947,342,429 | $0.647703 | $30,052,510,255 | 31.83% |
|
Stellar |
XLM |
$3,194,508,687 | $0.156282 | $2,467,644,519 | 40.67% |
ETH/USD
Ethereum (ETH) continues its rise; however, it is not as sharp as it was a few days ago. The price change since yesterday has accounted for only 1%.
On the weekly chart, Ethereum (ETH) has almost reached the resistance at $640.55. As that is the far retest level, it will be difficult for buyers to break it on the first try. In this case, the more likely scenario is a false breakout, followed by a continued rise to the point around $700.
Ethereum is trading at $601.23 at press time.
XRP/USD
It seems that XRP is not going to stop its price rise, as the rate of the third most popular crypto has increased by 31.83% over the previous 24 hours.
XRP has shown enormous growth over the past few weeks. The rise has been supported by the trading volume, which means that bulls are ready to push the price of the altcoin higher. However, the crypto already entered the overbought zone, which means that a slight correction might occur. If XRPM keeps trading above $0.50, it has the chance to conquer $0.87 by the end of the year.
XRP is trading at $0.6676 at press time.
XLM/USD
Stellar (XLM) is the top gainer today from our list. The price of the altcoin has rocketed by 40% since yesterday.
On the 4H time frame, XLM has made a false breakout of the $0.18 level. The coin needs more energy to keep the rise, which means that the sideways trend in the range of $0.17-$0.19 is the more likely scenario for the next days.
Meanwhile, long-term growth remains relevant as bears have not seized the initiative yet.
XLM is trading at $0.1709 at press time.
