💥💥💥 Massive $XRP Reversal: Breakout Next? Toncoin ($TON ) to Face Biggest Resistance Since August, Ethereum ($ETH ) in Poor State
#Grayscale's SUI and XRP Trusts Boost XRP Price
- Grayscale's launch of SUI and XRP trusts ignited a rally in XRP, driving strong bullish momentum. However, selling pressure quickly emerged, pulling XRP back but leaving room for potential further gains. The rally faces resistance, and breaking key levels will be crucial for sustained growth. Despite the volatility, XRP's position remains favorable for another rally if bulls regain control and sentiment stays positive.
Toncoin Targets 200 #EMA
- Toncoin (TON) is battling to break through the 200 EMA, a key resistance level. A successful breakout could signal a strong recovery, similar to the one after surpassing the 100 EMA. However, sustained capital inflow is needed for this breakout to be meaningful; otherwise, TON could face consolidation or retracement.
Ethereum Struggles Amid Market Weakness
- Ethereum (ETH) is struggling, with network activity at historic lows. User engagement and transaction volumes are declining as rival platforms like Solana and Telegram Open Network (TON) gain popularity due to lower fees and faster transactions. If Ethereum fails to address performance issues and high gas fees, it risks losing market share to more efficient networks during the broader crypto recovery.
Source - u.today
