Bitcoin’s prices were up by almost 2.8% today, and Ethereum shot up by 2.5%. The rise in prices of the big cryptocurrencies has had a positive impact on other altcoins, however, the broader market still lacked the strength. XRP was trading sideways with a minor loss in the last 24 hours, Dogecoin continued to trade below $0.20 and finally, and ADA hinted at a price breakout soon.
XRP
Ripple’s XRP[2] was down by 0.1% over the last 24 hours, it’s price stood at $0.60 at the time of writing. It was a mixed day so far for the asset, with an early morning high of $0.608 which then fell to the low of $0.601.
It depicted sideways trading movement and stayed away from trading near its crucial support level of $0.57. The alt’s gain added 4.4% to its valuation over the last week. This minor decrease in prices forced the market capitalization to dip by 5.56%.
The Parabolic SAR’s dotted lines started to appear on top of the candlesticks signifying a downtrend in prices. XRP needs to steer clear of its $0.57 support level in order to be able to test its immediate resistance level of $0.61.
The Average Directional Index pictured a presence of market weakness, the token would require support from the broader market to step out of the weakness. Buying pressure had decreased over the last day, but at press time as the Relative Strength Index noted a small uptick.
Dogecoin (DOGE)
Dogecoin’s[4] price continued to traverse below $0.20 and at press time the price of DOGE was $0.19. As prices consolidated tightly below the $0.20, the token rejected an upside for almost a week now.
