110 Interactions, 2 Today
XRP recorded gains right after Bitcoin and Ethereum surged on their own charts. In fact, the altcoin was eyeing a breach of its immediate resistance at press time.
Waves gained by around 6% and was targeting its one-week high. Finally, VeChain, despite struggling to find buyers in the market, recorded considerable gains of 9.9% in 24 hours.
XRP has gained 6.5 percent in the last 24 hours, with the cryptocurrency currently trading at $0.99. With more northward movement, the altcoin could trade above the $1.00 mark, close to its immediate resistance of $1.06. Additional price ceilings for XRP were $1.20 and $1.31, which it last reached two weeks ago. On the four-hour chart, XRP was trading above its 20-SMA, indicating that buyers were in control.
Green histograms flashed on MACD. The Relative Strength Index increased and entered bullish territory. The Awesome Oscillator still had green signal bars visible.
If buying pressure weakens, XRP may fall to its nearest support level of $0.94, followed by its multi-week low of $0.87.
Waves was valued at $24.79 after it recorded gains of about 6% in 24 hours. The immediate resistance for the altcoin lay at $26.23, toppling which Waves could revisit its weekly high of $30.77.
The technical outlook implied bullish price action across the market. MACD noted green histograms. Relative Strength Index was seen making a recovery as it moved north to attempt an entry into the bullish zone. Bollinger Bands opened up and indicated that price volatility over the next few trading sessions can be anticipated.
If buying pressure continues to remain below the half-line, Waves could meet its support line of $22.41. If it falls below the same, the alt can trade near its multi-week low of $18.24.
VeChain has increased by 9.9 percent in the last 24 hours. The altcoin was trading at $0.0997, with a break above its resistance level of $0.0998 on the horizon. Additional price ceilings were set at $0.109 and then $0.124. VeChain’s price was well above the 20-SMA on the four-hour chart, indicating that price momentum favoured buyers.
The MACD displayed green histograms and completed a bullish crossover. As the Chaikin Money Flow indicator was parked inside the bullish zone, capital inflows increased. The Relative Strength Index, on the other hand, struggled to break through 50 as buying pressure persisted.
A fall below its press time price level would push VET to trade near its multi-month low of $0.0858.