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💵 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 $0.610–$0.628, with breaking through this range appearing as the more likely scenario. If successful, the next objectives for buyers would be at $0.65–$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 $0.56–$0.58, with the next support level positioned at the local minimum of $0.53. #TRX✅ 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.  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.  Should the asset manage to solidify its position above the resistance range of $0.123–$0.126 soon, it could aim for the two-year high of $0.144, with no significant resistance levels in sight beyond this point.

💵 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 $0.610–$0.628, with breaking through this range appearing as the more likely scenario.

If successful, the next objectives for buyers would be at $0.65–$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 $0.56–$0.58, with the next support level positioned at the local minimum of $0.53.

#TRX✅

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. 

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. 

Should the asset manage to solidify its position above the resistance range of $0.123–$0.126 soon, it could aim for the two-year high of $0.144, with no significant resistance levels in sight beyond this point.

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🔥 According to Coingape: $DOGE Price Slips According to the insights streamlined by Whale Alert, 767 million DOGE was collectively shifted through 4 massive transactions in the past 24 hours. While a majority of these transactions illustrated the accumulation of DOGE tokens, a colossal dump undermined these accumulations. Notably, data spotlighted three DOGE accumulations by unknown addresses, worth 79.18 million, 123.81 million, and 163.92 million DOGE tokens. On the other hand, 400 million DOGE was moved to Robinhood by an unknown address, birthing contrasting sentiments over Dogecoin’s price action ahead. In light of Robinhood receiving a Wells notice from the U.S. SEC, a notice that means that the regulatory body plans to bring an enforcement action against Robinhood’s crypto businesses for violating securities laws, these transactions have garnered additional interest. Also, Elon Musk’s Tesla recently integrated Dogecoin as a payment method, but only through DOGE wallets, adding to speculations about the potential motives for these transactions. In the interim, DOGE’s price trajectory illustrated a pullback, pushing an enigma on the world’s largest meme token by global market cap. Dogecoin traded at $0.1554, with a 5.27% dip in its price over the past day. Collectively, the abovementioned data paints an uncertain picture for the dog-themed meme token’s price run shortly ahead, However, Tesla’s acceptance of DOGE potentially stages as an optimistic development for the token in the long run. The short-term volatility in DOGE’s price may be further witnessed due to the derivatives data’s hinting of a mixed sentiment in the market. Dogecoin recorded a 7.69% fall in its open interest, whereas its derivatives volume jumped 30.14%. Nonetheless, it’s also worth noting that crypto market participants anticipate further colossal gains in DOGE ahead, further escorted by BTC’s post-halving rally.
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💵 According to BeinCrypto: $TRB Market Cap Soars Over 70% – What’s Driving the Growth? In May, Tellor (TRB), a decentralized oracle network, significantly outperformed expectations, doubling its market capitalization early in the month. As of April 30, TRB’s market value was $143.32 million. By the morning of May 7, in Asia market hours, this figure had surged to an impressive $247.81 million. This substantial growth aligns with a noted increase in crypto whale activity. Furthermore, it suggests a wave of profit-taking may influence the market dynamics. Data from the blockchain analytics platform Santiment revealed a spike in crypto whales’ transactions and active addresses involving TRB. Specifically, on May 6, there were 212 daily active addresses, and whale transactions exceeded $100,000, totaling 16. This starkly contrasts with May 1, which saw only 131 active addresses and no significant crypto whale transactions. However, this activity indicates a growing investor interest and potential for profit-taking from TRB. Despite this, crypto analysts remain optimistic about TRB’s price trajectory. Analyst Javon Marks, highlighting Tellor’s market strength, anticipates a continued upward trend. He then reiterated his positive outlook, highlighting the responsiveness of TRB prices to recent patterns. This optimistic analysis is further supported by the technical patterns observed. The formation of higher lows in price action coupled with lower lows on the momentum oscillator suggests a bullish continuation for TRB. As of the latest updates, Tellor trades at: - $106.57 on OKX exchange - $106.60 on WhiteBIT exchange - $106.53 on KuCoin exchange
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