Most altcoins in the market, at press time, were trading sideways with minor gains and minor losses. The likes of XRP and Ethereum Classic rose on their respective charts.
XRP secured gains of 3.3% while eyeing a fresh one-week high. Ethereum Classic hiked by 3.6% after toppling its $58.09 resistance. COSMOS, on the other hand, took a pause after registering an all-time high over the last 72 hours.
XRP
XRP/USD, TradingView
XRP[1] saw signs of consolidation as it secured minor gains of 3.3% over the last 24 hours. The altcoin was trading at $1.11. Overhead resistance for XRP stood at $1.20 and touching the aforementioned price ceiling would make XRP register a one-week high. Additional price resistance levels stood at $1.13 and at its multi-month high of $1.39. Despite XRP’s sideways trading, the price of the altcoin was well above its 20-SMA.
Corresponding to the 20-SMA, the Relative Strength Index stood above the half-line as buying strength remained positive. The MACD continued to note short green histograms. The Awesome Oscillator flashed one red signal bar as the last few trading sessions were in the red.
If XRP continues to trade sideways following a dip in buying strength, the price could move south. The immediate support level stood at its one-week low of $1.06.
Ethereum Classic [ETC]
ETC/USD, TradingView
Following wider market consolidation, Ethereum Classic[2] also saw lateral movement on its four-hour chart. Over the last 24 hours, ETC gained by 3.6% and was priced at $59.14.
On the four-hour chart, ETC’s price was parked above its 20-SMA line, an indication that the price momentum was inclined to favor the buyers in the market. In accordance with the same, the Relative Strength Index was seen above the
