The crypto market has reported a 3% increase, with a total market cap of $3.86 trillion, featuring XRP as a significant gainer.
Market Overview
The crypto market has seen an increase of 3.11%, with a total capitalization reaching $3.86 trillion. Most assets are in the green, with Bitcoin (BTC) priced at $116.6K and Ethereum (ETH) around $3.9K.
XRP Performance and Technical Analysis
XRP has surged more than 11.22%, rising from a low of $2.99 to a high of $3.38, breaking significant resistance between $3.04 and $3.33. Currently, XRP trades at around $3.31 with a market cap of $196.75 billion. Daily trading volumes have exploded by over 167%, reaching $11.29 billion.
Forecasts and Scenarios for XRP
Technical analysis signals suggest bullish momentum for XRP. The MACD crossover and positive Chaikin Money Flow indicate strong buying interest. In a positive scenario, XRP could test key resistance at $3.37. Conversely, if bullish pressure wanes, it may drop to $3.25 or lower. The asset is also in the overbought phase according to the RSI.
XRP exhibits strong bullish signals in the market, which may lead to further growth, though the risks of a correction remain pertinent.
