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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, Tezos and ZCash Price Analysis: 04 September

XRP/USD[1], TradingView

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)

XRP, Tezos and ZCash Price Analysis: 04 September

XTZ/USD[3], TradingView

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

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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