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ETH, XRP and XLM Price Analysis for November 24

Has the accumulation period of altcoins started before continued growth?

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Cover image via www.tradingview.com

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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.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

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%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

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/USD chart by TradingView
XRP/USD chart by TradingView

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.

XLM/USD chart by TradingView
XLM/USD chart by TradingView

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.

👉 MUST READ XRP Price Analysis for November 22related article image

Meanwhile, long-term growth remains relevant as bears have not seized the initiative yet.

XLM is trading at $0.1709 at press time.

 

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com