As the crypto market faces liquidations nearing $500 million, certain alternative coins are defying the downturn. Digital currencies like XRP, ADAand XLM are experiencing significant surges, capturing the attention of investors. Whatâs driving these unexpected gains, and what could this mean for the future of cryptocurrencies?
XRP Surges Ahead: Potential Breakout with 200% Monthly Growth
XRP has been on a remarkable upward trend, currently trading between $1.11 and $1.69. Over the past month, it skyrocketed by over 200%, signaling strong bullish momentum. The price is hovering above both the 10-day and 100-day simple moving averages, suggesting sustained upward movement. The RSI stands above 63, pointing to continued buying interest. With the nearest resistance at $1.95, a break above this level could see XRP targeting the next resistance at $2.52. This represents a significant potential upside from current levels. The recent 43% gain in just one week underscores the coinâs momentum. If the altcoin season unfolds as expected, XRP could continue its impressive rally.
Cardanoâs Price Soars: ADA Targets Next Resistance at $1.41
Cardano (ADA) is on a strong uptrend, rising over 50% in the past week and more than 220% in the last month. The price ranges between $0.76 and $1.22. The 10-day moving average of $1.03 is above the 100-day average at $0.97, showing bullish momentum. The RSI is 60.81, indicating thereâs still room for growth. The next resistance level is at $1.41. If ADA breaks through, it could reach $1.86, the second resistance. This would mean a potential increase of up to 50%. The positive MACD supports this upward move. With the altcoin season approaching, Cardano could see significant gains.
Stellar (XLM) Surges Over 400% with Strong Upward Momentum
Stellar (XLM) has experienced significant growth recently, with its price increasing by 173.83% in the past week and 477.25% over the last month. Currently trading between $0.28 and $0.72, the cryptocurrency shows strong upward momentum. The 10-day and 100-day simple moving averages are at $0.52 and $0.41 respectively, indicating a positive trend. Technical indicators such as the Relative Strength Index (RSI) at 53.79 and Stochastic at 45.07 suggest that XLM is neither overbought nor oversold. The nearest resistance level is at $0.90, and the next significant resistance is at $1.34. The nearest support level sits at $0.0167. These levels are crucial as they may influence XLMâs upcoming price movements.
