The global cryptocurrency market cap was found to be at $360.4 billion after a minor surge of 0.36% over the past day. As several have outperformed throughout the weekend and have continued to climb higher. Bitcoin’s, dominance, on the other hand, took yet another slump and currently stood at 58.43%.
XRP:
XRP broke the resistance level and was currently priced at $0.254 despite a minor decline of 0.07% over the last day. At the time of writing, XRP registered a market cap of $11.5 billion and a 24-hour trading volume of $1.84 billion.
XRP’s attempt to reclaim the previous glory was evidenced by the rising bullish momentum in the coin’s price. The dotted markers of Parabolic SAR below the price candles depicted the much-awaited bullish uprising. RSI also headed above the 50-median neutral zone depicting a sentiment of increasing buying pressure among the traders of the coin market.
If this trend persists, XRP could potentially target its overhead resistance of resistance $0.292 while its support remained untested at $0.220
Bitcoin Cash [BCH]:
Bitcoin Cash [BCH] too broke a crucial resistance after a month-long stint with the bears despite a minor pullback which caused a decline of 0.14% over the past 24-hours driving its price to $239.1. The coin held a market cap of $4.43 billion and a 24-hour trading volume of $1.819 billion, at the time of writing.
The green closing lines of Awesome Oscillator depicted a bullish momentum in the coin’s price which coincided with the latest surge in the market. Chaikin Money Flow was also in the bullish territory indicating inflow of money into the coin market.
If bulls manage to defend the current level, BCH could climb to its immediate resistance of $289. Besides, the coin found significant support at $207.
Cardano [ADA]:
Cardano [ADA] was being traded at $0.105 after a minor slump of 0.98% over the past day. At the time of writing, the coin stood at a market cap of $3.27 billion and a trading volume of $763 million over the last 24-hours.
Following the latest price rally, ADA soared to its overhead resistance subsequent;y breaching the level. This prompted Klinger Oscillator as well as MACD to undergo a bullish crossover as the signal line continued to hover below. Bulls have resumed an uptrend if it manages to retain an upper hand, it could push the price of ADA to its next level of resistance at $0.125 as its support stood at $0.0904
![Bitcoin [BTC/USD] Price Analysis: Cryptocurrency Surges as the Bull Creates New Immediate Support](https://www.tronweekly.com/wp-content/uploads/2020/09/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-1-75x75.jpg)
