The crypto market is experiencing dynamic developments with notable price increases in Stellar and XRP, alongside the anticipated BlockDAG launch.
Current Crypto Market Situation
Currently, the crypto market is filled with energy and breakout signals, particularly with Stellar (XLM) rising 31% in July. Meanwhile, XRP is gaining traction after breaking above the $2.36 level.
Stellar (XLM) Price Analysis
Stellar (XLM) has risen by 31% in July, bouncing back from support levels near $0.22, drawing traders' interest especially as the broader market rallies. However, XLM is now tested by resistance levels between $0.30 and $0.32.
XRP Price Forecast
XRP is gaining more visibility after moving above the $2.36 resistance, with rising interest spurred by its involvement in Truth Social's crypto ETF. Forecasts suggest a potential rise towards $5 if the bullish trend continues, with strong support levels at $2.25 and $2.36.
The crypto market shows promising perspectives with Stellar and XRP's growth, while the BlockDAG launch adds intrigue to the current situation, heightening traders' interest.
