đ” GNCrypto Analitics: Weekly Analysis of $XRP , $TRX
In the past 2 days, XRP has seen a notable increase in trading volumes, suggesting a bullish outlook. The price is currently testing the resistance zone at $0.610â$0.628, with breaking through this range appearing as the more likely scenario.
If successful, the next objectives for buyers would be at $0.65â$0.676 and then at $0.700. XRP's further growth remains dependent on Bitcoin's market movements due to their strong price correlation.
A correction could be triggered if XRP falls below the support zone of $0.56â$0.58, with the next support level positioned at the local minimum of $0.53.
TRX has been following its unique trajectory, largely independent of the broader cryptocurrency market's trends. In March, the token experienced a correction, with its price dropping by 24% from $0.14 to $0.11.Â
Currently, TRX is on the brink of resuming its upward momentum, as the market has shown resistance to letting Tron fall below the $0.11 mark.Â
Should the asset manage to solidify its position above the resistance range of $0.123â$0.126 soon, it could aim for the two-year high of $0.144, with no significant resistance levels in sight beyond this point.
