Certain altcoins such as XRP and Tezos noted restricted price movements, whereas, ZCash logged a considerable 6.7% gain over the last 24 hours. XRP lost 0.1% and inched close to the price floor of $1.19.
Tezos has stayed around its current price level, since the beginning of September, although indicators pointed to the onset of positive price action. ZCash registered a weekly high while eyeing its multi-month high of $166.67.
XRP
XRP resumed its consolidation between $1.27 and $1.19. Failing to maintain its prices above the $1.19 line would push XRP to revisit its its weekly low of $1.07. If XRP drops below its weekly low, then it would be priced around $0.935, a level it last touched three weeks back.
MACD’s green bars on the histogram receded, and a red bar appeared, which marked the beginning of negative price action. Capital inflows also dipped, and the Chaikin Money Flow, in agreement, stood below the mid-line.
Conversely, despite a drop in buying strength, the Relative Strength Index still remained above the 50-mark. A revival in buying pressure could push XRP to topple over the current multi-month high of $1.30 and attempt to touch $1.33.
Amidst its ongoing legal battle with SEC, XRP will now resume trading on Rakuten[2], a Japanese crypto trading platform.
Tezos (XTZ)
XTZ depicted range bound movement as it traded at $5.42, a range the token has been oscillating around since the beginning of September. Indicators, however, indicated an anticipated positive price movement. On the upside, XTZ[4] could topple over the $5.75 mark and revisit its four-month high of $6.05.
MACD’s red histograms declined and a green histogram was spotted on the indicator. Buying pressure recovered
