XRP (XRP)$XRP
XRP has seen remarkable growth over the past six months, gaining 379.42% in value. Last month, it has been showing a strong uptrend, gaining 212.42%. However, last week, it experienced a 7.32% pullback, indicating short-term volatility.
At the moment, XRP is trading between $2.22 and $2.95, with its 10-day and 100-day simple moving averages hovering around $2.42 and $2.40 respectively. The Relative Strength Index (RSI) is at 51.94, suggesting that the asset is neither overbought nor oversold, while the Stochastic oscillator is at 37.97, suggesting a neutral market.
Looking ahead, XRP’s immediate resistance level lies at $3.30. Breaking this level could lead to a rally to $4.03. On the downside, immediate support lies at $1.83, with a second support level at $1.09. Traders are keeping a close eye on these levels, depending on changes in market sentiment.
Ethereum (ETH)$ETH
Ethereum has seen mixed price action lately. Over the past week, ETH has seen a 2.68% drop, while the previous month it has seen a 27.26% increase. Over the past six months, the price has gained 10.87%, suggesting strong long-term growth despite short-term fluctuations.
Ethereum is currently trading between $3643 and $4233. The 10-day simple moving average is at $3873.26, while the 100-day SMA is at $3883.85. The Relative Strength Index (RSI) is at 55.00, indicating a neutral market sentiment. The Stochastic Oscillator is at 72.74, suggesting that the asset is approaching the overbought territory. The MACD is at -1.149, suggesting that the downtrend may continue.
ETH’s immediate resistance level is at $4458. A rise from the current price level would mean an increase of approximately 13%. Breaking this level would open the way for a 28% increase towards the next resistance level at $5047. On the downside, the first support level is at $3279 and the second support level is at $2689. These levels are important points for potential breakouts or reversals.
