Ripple surged to more than 100% in the last seven days. The bullish trend started on the 15th of November but was cut short as prices dropped on November 19. During the first surge, prices peaked at $0.30 and the upward run ended at $0.28 when traders started selling their XRP holdings.
Another surge started just a few hours after the previous one ended. Ripple price started rising from $0.28 and the surge continued until it got to $0.73. The surge lasted for five days (November 19-24) and traders are very happy to see the price of XRP mooning.
At the time of writing, the third-largest cryptocurrency is trading at $0.61 and MACD is still showing the sell signal. This could be the responsible factor for the drop in price. OBV and RSI are recovering from a short downtrend. If RSI improves further, traders can expect to see prices go as high as $0.68. But if traders continue to sell off their assets, prices may fall below $0.60.
Many traders are very happy to see TRX on the rise. Tron started to rise on the 21st of November. Many traders are expecting to see the cryptocurrency hit a new all-time high. MACD is still displaying the sell signal.
Other indicators like RSI and OBV are on the rise. This may lead to a new surge in price if traders can sustain it. The sustenance of the current RSI will soon trigger a buy signal and push prices to $0.035. At the time of writing, TRX is exchanging hands at $0.033.
Tezos is following the alt season and surged to as high as $2.8 when it went bullish. At the time of writing, traders are trading tezos $2.5. Tezos has a market cap of $1,917,612,725 and has rightly earned its place as the 16th cryptocurrency. XTZ exerts a dominance of $0.33.
XTZ is on the rise and traders can expect to see prices break various resistance if the current market momentum is sustained. Prices may hit $2.6 or higher before the day is over. XTZ may fall back to $2.4 or lower if traders continue to sell their assets.
In the past seven days, stellar pumped to about 88.7%. With an all-time high of $0.87, XLM is 80% lower than the highest price. Only if there is an announcement or a happening that will positively affect XLM, it may not get as high as $0.4 let alone its ATH.
At the time of writing, the cryptocurrency is worth $0.16, current indicators are pointing to a surge in price that may push it prices $0.17 or higher if all remains the same. Traders may decide to sell their bags thereby bringing the prices down to $0.14.
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Author: Gideon Geoffrey