Why These Altcoins Are Dominating Headlines Today
The crypto market added $100 billion in value today, igniting a bullish surge among altcoins. While many tokens rallied, three stood out for their unique performance and driving factors. Here's a breakdown:
$XRP XRP jumped 12%, reaching a 1.5-month high after breaking the critical $2.73 resistance. This surge reflects growing investor confidence, buoyed by positive sentiment around the SEC's upcoming appeal of its prior ruling in XRP's favor.
The recent victory of Coinbase against the SEC has further fueled optimism, setting a supportive backdrop for XRP's continued recovery. Analysts suggest that XRP could aim for its all-time high (ATH) of $3.31.
Key Levels: Staying above $2.73 is vital for further gains. Falling below this level might push XRP back into a consolidation range between $2.18 and $2.73.
XDC Network
XDC surged 21% in the last 24 hours, making it the best-performing asset of the day. Trading at $0.122, the token is gaining attention from both retail and institutional investors.
The next resistance lies at $0.127. If broken, this could reinforce XDC's bullish momentum, signaling further upside potential.
Key Levels: A drop below $0.117 could lead to a decline toward $0.108, with a potential dip to $0.097 erasing recent gains.
Virtuals Protocol (VIRTUAL)
Although VIRTUAL hasn't seen massive gains, it rose 11% over the past 24 hours, breaking a persistent downtrend that had lasted since the beginning of the year.
The success of its AI Agent token, AIXBT, reaching a new ATH has garnered attention. If bullish momentum persists, VIRTUAL could reclaim the critical $3.26 level, paving the way for a recovery toward its ATH of $5.25.
Key Levels: Failing to break above $3.26 risks a drop to $2.27, which could reignite bearish sentiment.
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