This recent increase in XRP’s price added to its already-positive weekly performance.

This is after the altcoin’s price printed a 4.26% gain over the past 24 hours.

At press time, the remittance token’s price stood just above the key $0.50 resistance level at $0.5008 according to CoinMarketCap.

The RSI line on the 4-hour chart had established a peak, which indicated that SHIB’s price would correct in the next 24-48 hours.
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The 9 EMA line on the 4-hour chart was trading above the 20 EMA line, which suggested that SHIB’s price had entered into a short-term bullish cycle.
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A bullish technical flag was on the verge of triggering on BTC’s 4-hour chart, as the 9 EMA line was looking to cross above the 20 EMA line.

BTC was down against the altcoin leader by about 0.02%.

BTC performance was also not enough for it to strengthen against its biggest competitor, Ethereum (ETH).

IOTA’s positive performance also pushed its weekly performance even further into the green at 5.65%.

IOTA was up against BTC by about 2.55% and up against ETH by 1.99%.

IOTA’s price increase allowed it to strengthen against both market leaders, Bitcoin (BTC) and Ethereum (ETH) throughout the past day.

The next support level that STX’s price could drop to is $0.5235, while the upside target for the altcoin’s price is $0.6770. If STX’s price is able to break above the 9-day and 20-day EMA lines, it could look to rise to $0.8354 in the near future. On the other hand, dropping below the aforementioned support at $0.5235 would see it drop to $0.3304.

Cosmos (ATOM)
ATOM was one of the few top 100 cryptos that recorded gains over the past 24 hours of trading. This meant that ATOM was worth approximately $10.49 after a price increase of 1.20%. However, despite its successful past day, the altcoin’s weekly performance was still firmly set in the red zone at -4.12%.

Technical indicators on STX’s daily chart were flagging bearish at press time as well. The daily RSI line was trading well below the daily RSI SMA line and was sloped steeply toward the oversold territory. Meanwhile, the 9-day EMA line was trading below the 20-day EMA line and was breaking away from the longer EMA line.

At press time, ETH was trading hands at $1,822 after a 1.72% price drop over the past 24 hours.

The trader explained that ETH’s price may consolidate for a few days before starting its ascent.

Analyst Michael van de Poppe shared in a tweet yesterday that he can see ETH’s price climbing to $2k soon.

At press time, the crypto’s price stood at $0.5035 following a 1.19% increase. It was also able to strengthen against BTC and ETH by 3.54% and 3.04% respectively.

BLUR was one of the handful of cryptos that was able to achieve a gain over the past 24 hours.

With crypto markets rebounding since the beginning of 2023, retail investors are rediscovering their appetite for cryptocurrencies and other digital assets. For example, the Crypto Fear and Greed Index hit its highest index score earlier this year, recording 66 on March 20. This index aims to numerically represent current sentiment toward the crypto market, with the highest score being 100. A score of 66 has not been recorded since November 2021, when Bitcoin hit an all-time high of $69,000.