#XRPcryptowolf XRP's Another Surge Attempt: Details, Toncoin (TON) Comeback Started, Bitcoin (BTC) $70,000 Is Closer Than You Think

With its price beginning to show signs of strength XRP is preparing for another attempt at a surge. It has served as a crucial level of support when XRP has recently pulled back to its 26-day.

For traders hoping for another breakout this bounce off the 26 EMA suggests that the asset is attempting to sustain its upward momentum. The trading volume is declining which is a worrying factor. Generally price movements require a spike in trading volume to be sustained particularly when breaking through important resistance levels. #TipCreator

Short-term upward pressure on XRP may be hampered by the decreasing volume which indicates a lack of buying pressure. The state of affairs now offers conflicting possibilities. It is evident that there is still some buying interest around these levels which makes the 26 EMA support a positive indicator. #Tipandtrack

Nevertheless the volume is low indicating that there may not be enough interest to push XRP to all-time highs. A sustained upward move could be supported by an increase in volume so traders should keep a watch on those levels.

Toncoin recovery starts

Despite the upheaval surrounding Pavel Durov's arrest Toncoin is at last exhibiting signs of recovery. The market appears to be reacting favorably to Toncoin's recent price movement despite Durov's ongoing legal troubles which include the possibility of 20 years in prison on 12 criminal charges.

Even though the legal drama is clearly a cloud in the sky, Toncoin's price is rising again suggesting that a recovery may be possible. After a substantial decline Toncoin has stabilized technically. The 200-day moving average which has historically served as a solid support level was recently touched by the price. It's possible that buyers are entering the market at these lower levels as indicated by the bounce from the 200-day MA.

The large red volume bars show that there was heavy selling prior to the recovery.