😱🚀🚀These 2 Altcoins have the potential for a big breakout in July 2024
Top Altcoins To Watch: #XRP ($XRP )With a market cap of 28.21 billion, the XRP coin price has crossed the $0.50 psychological mark. It is up by 17% in the past 7 days and reflects a massive jump of 10.62% in the past 24 hours.
The bullish streak continues as the altcoin reverses from the 0.41 mark. The XRP price registers a growth of 22.70% in the past 6 days following the 6.58% drop on the 7th of July.
Currently, the intraday growth is 7.92%, trading at $0.51, creating 6th consecutive bullish candle. Further, the altcoin price action completes a rounding bottom reversal and signals the end of the correction phase.
With a bullish crossover in the MACD indicator, the XRP price action reveals a falling wedge breakout pattern. The breakout rally is heading toward the 38.20% Fibonacci retracement level.
As the bullish reversal gains momentum, the altcoin is set to achieve the $1.00 psychological mark in this quarter.
Ranking at #30, the $XLM price reclaims the $0.10 psychological mark as the recovery rally gains momentum. With a $2.86B market cap, the Stellar token price is up by 13.21% in the last seven days.
Following the 7.36% drop on 7th July, the altcoin price has increased by 20% in the last six days, with a morning star reversal rally. Further, the bullish cycle breaks above the overhead resistance trendline in the daily chart.
With an intraday gain of jump of 9.53%, the XLM price challenges the 23.60% Fibonacci level and forms the sixth consecutive bullish candle. As it reclaims the $0.10 psychological mark, Fibonacci levels tease a potential jump to $0.15 if the uptrend momentum sustains.
