#XRP is in a strong uptrend. The break above $1.63 indicates the resumption of the uptrend.
The XRP/USDT pair has minor resistance at $1.76, but if this level is crossed, the next stop could be $1.97. Buyers may face intense selling pressure from the bears at $1.97. The overbought level of the RSI suggests a high near-term possibility of a correction or consolidation.
If the price turns down and skids below $1.63, it will signal that select short-term bulls are booking profits. That could pull the price toward $1.30.
Dogecoin price analysis
Dogecoin DOGE has formed an ascending channel pattern, indicating a slight advantage to the bulls.
If buyers drive the price above $0.44, the DOGE/USDT pair could rally to the channel’s resistance line near $0.50. The bears are expected to mount a strong defense at $0.50. If the price turns down from the resistance line, it will signal that the pair may extend its stay inside the channel.
The bears will have to yank the price below the 20-day EMA ($0.36) to seize control. That may start a downward move to $0.30 and subsequently to $0.23.
Cardano price analysis
Cardano ADA is trying to resume the uptrend, but the bulls are expected to face significant resistance between $1.10 and $1.15.
If buyers bulldoze their way through $1.15, the ADA/USDT pair could start the next leg of the uptrend to $1.25 and later to $1.50.
Conversely, if the price turns down sharply from the overhead resistance, the pair may drop to $1 and thereafter to $0.86. A deeper pullback increases the likelihood of a range formation. The pair could then consolidate between $1.15 and $0.86 for some time.
Avalanche price analysis
Avalanche AVAX has been trading above the moving averages, indicating that the bulls remain in the driver’s seat.
The rising 20-day EMA ($37.93) and the RSI in the overbought zone improve the prospects of a rally to $48. Sellers will again try to halt the up move at $48, but the level is likely to be crossed. The AVAX/USDT pair may then march toward $60.
This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA. That could trap the aggressive bulls, pulling the pair to the 50-day SMA ($31.09).
Toncoin price analysis
Toncoin TON has been trading above the $6 resistance, but the bulls are facing selling pressure at $6.61. A minor positive is that the bulls have not ceded much ground to the bears.
The 20-day EMA ($5.80) is sloping up, and the RSI is near the overbought zone, indicating that the path of least resistance is to the upside. If buyers drive the price above $6.61, the TON/USDT pair could rally to $7. A break and close above $7 could open the doors for a rally to $8.29.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bulls are losing their grip.
