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In the last 24 hours, most of the cryptocurrencies have been on a bull run that has seen the prices of the crypts rise. For Tron (TRX), Ripple (XRP) and Stellar (XLM), there was an average increase of 7% in their value. This was also punctuated by improved investor confidence across the board, while the 24-hour volume of each of the three grew. Furthermore, previous resistance zones have been tested as prices have continued to push upwards.
TRX / USD
In the last 24 hours, Tron has seen a downward race that has pushed his price upwards from $ 0.0226 to $ 0.0238. This represents a gain of 5%, with the trajectory towards the high expected to decrease seeing that the 7-day moving average (C) was predominantly above the 21-day EMA (marked with B) ).
The 21-day moving average is currently the price determinant, with a balance of $ 0.02374. Currently, Tron has a market capitalization of $ 1.5 billion and has sold over $ 137 million of market activity in the last 24 hours.
Both moving averages come from a shrinking triangular pattern that signals an upward trend. As a consequence, the Relative Strength Index (RSI), marked with A, ranges between 50 and 60, which goes to show the positive feelings of investors in this Altcoin.
XLM / USD
XLM has had a stellar performance in recent weeks. This good race has continued in the last 24 hours. Stellar started yesterday selling at $ 0.116 and is currently selling at $ 0.1291. This translates into an increase of 11% in its price.
Stellar has a total market capitalization of $ 2.3 billion and has sold $ 93 million of market activity in the last 24 hours. This improved performance saw its Relative Strength Index move into the "underold" area as seen in point A. This demonstrates the greater confidence of investors in Stellar.
XLM has also formed an expanding triangular model with its moving averages of 7 days (C) and 21 days (B). This means the strong bullish momentum that hit the markets.
XRP / USD
Although Ripple has lost its position as the second crypt by market share of the Ethereum engine in the last 24 hours, its bullish momentum has continued. It gained 6.6% in value despite its market capitalization falling from $ 16 billion to $ 15.4 billion in the last 24 hours. In terms of trade volume, Ripple sold $ 547 million.
Marked C is the 7-day EMA which was predominantly above the 21-day EMA (B), showing strong bullish momentum. Furthermore, investor sentiments are at record highs as seen in the RSI (marked as A). The RSI has traversed the "undersecretary" area due to the bullish momentum.
In key news, the words of Ripple's CEO are coming true as banks are starting to adopt xRapid and XRP for universal transfers.
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