The crypto market was seen recovering from its recent downfall. Altcoins like XRP, Binance Coin [BNB], Cardano [ADA] as well as Dogecoin [DOGE] were seen bagging increased gains. While the altcoin market was getting back on its feet, Bitcoin was still struggling to make it past $50K. The king coin’s dominance and market cap followed suit, standing at 50% and $926.97 billion, respectively.
Additionally, DOGE and ADA were seen amassing maximum gains, during press time. Both these altcoins seemed to be making up for all the profits that were recently erased by the bears. While DOGE was trading for $0.275 with a daily surge of 23.54%, ADA was priced at $1.17 with a 15% rise in the last 24-hours.
XRP with its price surge in the recent days had undoubtedly stunned the community. This price change even pushed the altcoin over $1. At the time of writing, XRP was trading for $1.17 with a 13.63% soar in the last 24-hours. Despite the destruction caused by the SEC vs Ripple lawsuit, the altcoin managed to climb back over to the fourth position with its market cap rising to $51 billion.
XRP One-Day Price Chart On Binance
The bears seemed to be hibernating in the one-day price chart of XRP. After a long stretch of a bullish notion, the Parabolic SAR indicator formed dotted lines above the candlesticks. This line further acting as resistance limited the chances of an upward breakout. Therefore, it was likely that the altcoin would remain at its current zone.
Furthermore, the signal line had taken over the MACD line and went on to form a bearish crossover. The likelihood of a bullish crossover was unlikely as the disparity between the lines was high. Thus XRP’s journey to $2 could be delayed. The Relative Strength Index [RSI] announced that there was no major buying activity in the XRP market. The RSI marker remained below the 50 median exerting a sellers’ notion.