Cryptocurrency Price Analysis: Ripple (XRP), Cardano(ADA), Stellar (XLM), NEM (XEM), Bitcoin SV (BSV), Tezos (XTZ)

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • The crypto market is on bullish momentum with major coins and altcoins reaching new resistance levels. 
  • However, it will be interesting to watch the performance of some crypto assets as they have reached their critical resistance points. 

TOP CRYPTOCURRENCIES GAINERS 

Ripple (XRP) Price Analysis 

XRP is on bullish momentum in today’s market with a gain of 14.25% breaking a $0.33 mark. The current price is around $0.329188 with the market capitalization of $14,388,377,498 and the 24H volume traded if $5,078,021,040.

The price is near to the resistance level of $0.34 but the major hurdle for XRP bulls will be the multi-resistance around $0.35 where it can observe selling patterns. If it faces price corrections, the major support level of $0.3150 will come into play. 

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Cardano (ADA) Price Analysis 

ADA bulls are making impactful bullish momentum in today’s market with a gain of 10.52%. Currently, the price of Cardano is around $0.72 with the market capitalization of $1,886,759,026 and the 24H volume traded of $230,902,256.

The altcoin has been on the fundamental news recently in which it is focusing on expansion plans. Cardano’s official trading wallet YOROI has now allowed users to stake ADA on the Shelley incentivized testnet directly from their mobile wallets. The major resistance will be at $0.80 with the support level of $0.65 and $0.61 respectively. 

Stellar (XLM) Price Analysis 

Stellar is on bullish momentum since the starting of the year and the rally can be easily noticed in the graph. Today, it gained around 10.66% with the current price of $0.085441 and market capitalization of $ 1,715,560,768 and the 24H volume traded of $860,389,490.

Fundamentally, Stellar is planning for expansion and growth in the financial market as one of the oldest banks in Europe named VON DER HEYDT announced that it is planning to offer tokenized securities based on Stellar. The next major mark for XLM bulls will be $0.90 and the support level will be $0.74 and $0.71 respectively. 

TOP CRYPTOCURRENCIES LOSERS 

NEM(XEM)

NEM is on bearish momentum after breaking a $0.074 mark. Currently, it is down by 6.70% and the current price is $0.070172. The altcoin is currently on its support level of $0.070 and further downtrend from here can result in major price pullback.

The market capitalization is of $631,549,992 and the 24H volume traded is of $64,464,884. However, if NEM bulls came into play, the resistance for this altcoin will be at $0.074. If it goes down below $0.070, the support level will be at $0.065. 

Bitcoin SV (BSV) Price Analysis 

BSV

Bitcoin SV is also facing downtrend momentum of -2.75% after building sharp rising rallies this year. The current price is around $363.23 with the market capitalization of $6,637,424,686 and the 24H volume traded of $2,968,695,925.

It is expected the BSV bulls will be in action any soon and the downtrend is just a minor price correction as the price of BSV has boosted by 3x on making the comparison of the price at the starting of this year.

The resistance level of BSV bulls with be at $375.00. However, if price corrections continue for this crypto asset, the support level will be at $360.00 

Tezos (XTZ) Price Analysis 

After making bullish momentum in yesterday’s market, XTZ has facing bearish momentum and is down by -1.74%. The current price is $3.17 with the market cap of $2,198,508,241 and the 24H volume traded of $334,069,584. It is expected that XTZ bulls have strong potential to come into momentum again because of strong fundamentals and projections for tezos in this year.

However, it will be interesting to see how this altcoin behaves if it goes down below $3.00. The resistance level will be at $3.30 and $3.50 respectively with the support level of $3.00 and $ 2.70. 

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